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New York Times
Proposal for European Monetary Fund Meets Resistance Germany’s proposal to establish a European Monetary Fund ran into skepticism at home and abroad, highlighting the political and legal hurdles that such an undertaking would face. U.K. Plan for Free Elderly Home Care Is a Hard Sell Prime Minister Gordon Brown asserts that the programs would be fairer and reduce some costs at hospitals and nursing homes. But some critics see an election ploy. After Boom and Bust, Solar Power Has a Place in the Spanish Sun A national commitment to solar power transformed one community but big subsidies led to unsustainable growth. Using Computing Might, Google Improves Translation Tool The company’s network pushes the limits of translation technology and has become a favored source for millions. Cost Overruns Push EADS to a Loss for 2009 The net loss of $1.04 billion was the second blow in as many days for the planemaker, which confirmed that it would not bid for a contract to build tankers for the U.S. Air Force. Eurotunnel Ekes Out Profit for 2009 Despite Disasters Net profit fell 96 percent on lingering repercussions from a 2008 fire and the disastrous breakdown of Eurostar trains at the height of the year-end travel season. Merck and Sanofi-Aventis Combine Animal Health Units The combined business would jointly control about 29 percent of the $19 billion-a-year global market for medicines for pets and livestock. Wall Street Manages to Eke Out a Small Gain Investors remained reluctant to make significant moves without a clear sense of the recovery’s strength. Editor Is Fired After Criticizing Chinese Registration System Zhang Hong’s dismissal is a fresh warning that journalists who challenge government policy too directly can face retribution. Mexico’s Oil Politics Is Causing Woes The country, which kicked out oil firms in 1938, now needs assistance to get its oil out of the ground. Oil and Gasoline Prices Begin to Creep Up Somewhat upbeat economic data, new tensions in Nigeria and reports that China plans to build up its reserves have lifted crude prices. Gasoline prices have followed. Toyota Says Its Fixes Work When Properly Done The carmaker said reports of continued acceleration problems after a repair could be traced to improper work. Itineraries: Cross-Cultural Training, Even for Those Who Stay Stateside Business has become so global that companies are giving cultural training even to those who never go overseas, because they work with people around the world.
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