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Deutsche Telekom to sell real estate assets totaling EUR 2 - 4 bln

Total asset sales amount EUR 8.5 blnDeutsche Telekom has announced plans to sell non-core assets worth up to 8.5 billion euros ($8.6 billion) to help cut its debt pile to three times core earnings, or ...

WDP: operating profit first nine months increases 10% versus 2001

Anticipated operating profit per share over whole of 2002 increases 10% versus 2001In the first 9 months of 2002, the real estate investment trust Warehouses De Pauw (WDP) achieved an operating profit ...

EU15 current account surplus 14.7 bn euro

5.9 bn euro surplus on trade in servicesThe EU15 external current account recorded a surplus of 14.7 billion euro in the third quarter of 2002, as compared with a deficit of 0.5 billion euro in the th ...

World Bank sees sluggish economic outlook

, with slower growth in the next 12 to 18 months than previously anticipated, will impede poverty reduction in developing countries, according to a new World Bank report. Action to remove barriers to ...

Golf course in former tabacco plant

Playing golf in a former tabacco plant. The canteen of the former tabacco plant of Van Nelle in Rotterdam will be transformed in to an indoor practice range, at least, if business man Peter Floor will ...

NYC mayor has $11 bln dream to galvanize Manhattan

New York City´s mayor on Thursday outlined his $10.6 billion vision to galvanize struggling lower Manhattan, drawing residents, tourists, and foreign firms by offering federal tax breaks and ...

Unemployment benefits continue to rise

At the end of the third quarter of 2002, 184 thousand people were claiming unemployment benefit, 20 thousand more than one year previously. In the second quarter the increase on one year previously wa ...

Production in the construction sector down by 0.8% in euro-zone

Down by 0.2% in EU15Seasonally adjusted production in the construction sector decreased by 0.8% in the euro-zone and by 0.2% in the EU15 in the third quarter of 2002, compared to the second quarter of ...

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