Economy

(Telegraph) – Anheuser-Busch beer blockade hits brewing

Supplies of Stella Artois, Leffe and Beck’s running low as Belgian unions prepare to ask European workers for support. Read More Here

(DNAIndia) – General Motors to close down Opel’s Antwerp plant

General Motors will close Opel’s manufacturing plant in the Belgian port city of Antwerp, sources said on Wednesday, closing the door firmly on the last remaining hopes for the site’s 2,300 staff. Read More Here

(Yahoo) – GM’s Opel to cut 8,300 jobs across Europe

General Motor Co.’s Opel unit will cut 8,300 jobs across Europe, including 4,000 in Germany, and close a plant in Antwerp, Belgium — casualties of the “tough reality” of a shrinking European auto market. Read More Here

(WSWS) – Many German local authorities nearing bankruptcy

At the start of 2010, a number of local town and district councillors in Germany began to reveal the catastrophic current state of local authority finances. Government budget policies, together with the international financial-industrial crisis, have drastically intensified the economic pressures on many municipal and district authorities. Their level of debt in 2009 climbed to €5 billion, and it is feared that these debts could rise to €50 billion within the next five years. Hitherto unimaginable cutbacks and economy measures will be the result. Read More Here

(CNN) – Air America going dark

Liberal talk radio network Air America is planning to file for Chapter 7 bankruptcy, the company said Thursday. Read More Here