Renault's Carlos Ghosn apologized to three senior managers the company fired after wrongly accusing them of espionage. The CEO refused to accept his operating chief's resignation over the dismissal.
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Euro-zone finance ministers reached no agreement Monday on precisely how the bloc's 17 members will share the burden of enlarging bailout funds, and put off discussions until next week.
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France, one of the world's nuclear powers, moved quickly to try to reassure the world and its own people that its nuclear plants were safe, as Japan's unfolding crisis threw a wrench in a much-vaunted global nuclear renaissance.
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Fears of a nuclear disaster in Japan have revived Germans' angst about atomic energy two weeks ahead of important regional elections, prompting Chancellor Angela Merkel to suspend her contested plan to extend the life of Germany's nuclear reactors.
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Portugal's government is facing political turmoil that threatens to derail its ambition to solve the crisis alone, just as pressure on the country seemed to ease after euro-zone leaders agreed to widen the scope of a bailout fund over the weekend.
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Lawyers for the European Union's executive arm are studying EU treaty law to determine whether it has the right to set up an EU-wide board to review strategic investments in the 27-nation bloc, according to an internal letter reviewed by the Wall Street Journal.
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European finance ministers will meet to discuss the fine print of a deal covering the euro zone's bailout funds after the currency area's leaders vaulted low expectations to secure a crucial agreement early Saturday.
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Euro-zone industrial output rose steadily in January as growth in France helped offset weakness in Germany and Italy, while initial estimates of a drop in December were revised to show a modest increase.
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Ireland's finance minister will request that European authorities give the country more time to mend its banking system.
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Iberdrola said an investment arm of Qatar's sovereign-wealth fund will take a 6.2% stake in its share capital, a move that gives the Spanish power utility a new strategic partner.
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Russia may delay a key element of its planned $35 billion in state assets sales, a government minister said, as dramatically higher oil prices shrink the budget deficit and reduce fiscal pressure.
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News from The Wall Street Journal and Dow Jones Newswires
The leaders of the 17-nation zone finally cut a deal, but, as serious students of government know, it is important to get the incentives right if the desired behavior is to be induced, and the euro zone leaders got them wrong.
The governments of 'New Europe" backed military action in Iraq. They appear less enthusiastic in Libya.
A sometimes bitter euro-zone summit exceeds (low) expectations--but reduces bailout flexibility.
Among the things apparently washed away after last week's massive earthquake and tsunami in Japan - the Kremlin's strident tone in its territorial dispute with Tokyo. Russian media drew parallels to last year's plane crash near Smolensk, Russia, that took the lives of Polish President Lech Kaczynski and dozens of other top officials. The outpouring of grief on the Russian side helped melt the frost in the political relationship.
U.S. Vice President Joe Biden added his voice to the growing diplomatic chorus calling for a settlement of the dispute over the separatist region of Transnistria in eastern Moldova.
Things that caught our eye around the finance and business-related web.
The fall back in European luxury stocks Monday is an obvious and understandable reaction to the crisis in Japan, which accounts for almost a quarter of luxury demand.
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