Eurotunnel passes debt plan vote
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Bondholders at Eurotunnel back the firm's debt restructuring plan, paving the way for it to leave bankruptcy protection.
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WASHINGTON The US Senate gave final approval Monday to a bill that would resolve a long-running trade dispute between the United States and Europe, as well as hand out about $140 billion in corporate tax breaks.
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Two days remain before a French court rules on a request from Eurotunnel for protection from creditors but there is no sign that they have agreed on measures to slash its debt of 9.0 billion euros (11.5 billion dollars).
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Losses are narrowing at channel tunnel firm Eurotunnel, and the Anglo-French firm says it sees recovery ahead.
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European Union transport ministers approve a plan to make airlines part of a carbon trading scheme.
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The move brings the European Union's total promises of support to 1.5bn once contributions from the 25 national governments are included.
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The Swedish National Parliament today voted to permanently adopt the road charging system trialed by IBM (NYSE: IBM) and the Swedish Road Administration in Stockholm last year.
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Channel Tunnel passenger numbers rose 5% to 3.91 million in the six months to June, Eurotunnel says.
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Citigroup and a consortium of Goldman Sachs and Deutsche Bank have submitted competing bids to finance a deal restructuring Eurotunnel's staggering debt, the operator of the undersea rail tunnel linking Britain and France said Sunday.
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Euro Disney, the French theme park operator, said yesterday it had won agreement from all its creditors on a modified debt restructuring plan, including a â¬250m (Â£170m) capital increase, designed to haul it back from the brink of bankruptcy.
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Eurotunnel, the recently restructured operator of the Channel rail tunnel between France and Britain, Wednesday reported an 8.0 percent decline in first half sales to 373 million euros (512 million dollars) compared with the same period last year.
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The European Parliament has approved Jose Manuel Barroso&#39;s revamped executive European Commission by a wide margin, ending a three-week political standoff that boosted the assembly&#39;s power.
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The merger of Spanish toll road operator Abertis with Italian counterpart Autostrade is approved by EU regulators.
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British Energy, the nuclear generator, yesterday welcomed a decision by the European commission to approve a government-backed Â£5bn rescue plan.
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BRUSSELS A four-year plan to rescue Alitalia will get the approval of the European Commission, as long as it does not bank on any new money from the Italian government, the commission said Tuesday.
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Despite the protests of the industry, The EU said Wednesday it had approved a measure that caps roaming rates within the 27-nation bloc. Carriers have one month to comply.
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The European Union has imposed a 222.3-million-euro (151 million pound) fine on Europe&#39;s main makers of copper plumbing pipes for fixing prices and dividing up the market.