Special Report: Farnborough Air Show 2008

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July 18, 2008
Europe Insider Keep up-to-date with the latest news from Europe

NEWS  THIS WEEK'S TOP STORIES FROM EUROPE Special Report: Farnborough Air Show 2008 At the biannual event in England, planemakers joust for orders while the crowds enjoy heart-stopping aerial displays

Inside: This Week In Europe Soaring oil prices and slumping economic growth are making things difficult for the global aerospace industry. Company heavy-hitters all turned out for this year's Farnborough Airshow in Britain and--as Carol Matlack explains--certain firms are adapting better than others to the challenges now facing one of the world's most important industries. We've also got M&A activity for European brewers, Gameloft's play for the iPhone 3G, and the expansion of the Russian auto market. Plus, Santander's acquisition of Alliance & Leicester, eBay's ongoing problems with Dior, and a rich assortment of other finance, energy, and technology coverage. Don't miss Parker on Chianti clasicos and a slideshow on famous American brands owned by foreign companies. Andy Reinhardt, Europe Editor E-MAIL A FRIEND  |  GET RSS  |  SIGN UP FOR OTHER BW NEWSLETTERS

MORE EUROPEAN NEWS COMPANIES Is SABMiller Next in the Great Beer Rollup? The brewing world, on the heels of InBev's acquisition of Anheuser-Busch, contemplates future industry consolidation TECHNOLOGY Gameloft: Now Playing on the iPhone Mobile gaming's reigning champ releases six titles in Apple's new iPhone App store, where users can download the fun right to their 3G handsets FARNBOROUGH AIR SHOW 2008 The Real Action Is in Private Jets Pricey fuel be damned. It's full speed ahead on orders for $3 million-plus business aircraft—often from Asia, Russia, or the Middle East CONSUMER ELECTRONICS The Improved iPhone Tackles Europe Apple's new 3G handset has tantalizing multimedia features, but for the Continent's consumers, the price is still on the high side TECHNOLOGY BT Rolls Out a Massive Fiber Network The telecom giant announced a network investment expected to connect as many as 10 million homes to the superfast broadband service by 2012 AUTOS Russian Auto Market Now Europe's Largest Things have changed since the Soviet days of Ladas and Volgas—the country now sells more cars than Germany and shows no signs of slowing EASTERN EUROPE • From Transitions Online A New Oil Bully in the Caspian? Kazakhstan, with an output potential of 1.5 million barrels a day, shows signs of rivaling Russia in strut and swagger EUROPE • From The Independent Santander's Wily Boss Makes Another Move The Spanish bank's chairman, Emilio Botín, bought Britain's Alliance & Leicester when it was at its lowest ebb COMPANIES eBay Told to Dump Dior A French court ruled that eBay must remove listings for LVMH perfumes while it appeals a $61 million decision in favor of the luxury brand manufacturer. EUROPE • From Spiegel Online Sarkozy Revels at Launch of Med Union This weekend's Paris summit of 43 Mediterranean leaders cast the President in the role of Mideast peacemaker and global diplomat EASTERN EUROPE • From Transitions Online The Challenge of Branding the Baltics The diverse countries on the Baltic Sea, led by Latvia, are launching a drive to promote awareness of the region TOP NEWS Boeing Gets Another Shot at Tanker Deal But the Pentagon, in reopening the Air Force's $35 billion award to Northrop Grumman and EADS, may have put Boeing at a disadvantage TECHNOLOGY • From silicon.com Glitches for iPhone Launch in Britain Mobile operator O2 says demand caused systems slowdowns. Sales of the Apple smartphone reached 40 per hour at some stores EXECUTIVE'S JOURNAL Lessons from Virgin's U.S. Brand Builder For Frances Farrow, the central trick is to see the business from the customer's perspective and respond to the customer's needs EUROPE • From The Independent Consumer Confidence Plunges in Britain Economic bad news has Gordon Brown defending himself at the G8 summit while Nationwide's index sinks to a record low for the sixth consecutive month EUROPE • From Spiegel Online Nuclear Power's Comeback in Germany Even with oil prices and greenhouse gasses on everyone's mind, Germany still says no to nukes—for now TOP NEWS Saudi Oil: A Crude Awakening on Supply? The Saudis say they can ramp up production to 12.5 million barrels a day. But a field-by-field breakdown obtained by BusinessWeek shows that's not likely NEWS • From GameDAILY Ubisoft Snaps Up Sin City Studio With the acquisition of Hollywood player, Hybride Technologies, Ubisoft aims to operate one of the best 3D animation studios in the entertainment industry EUROPE • From EUobserver Slovakia Gets the Go to Join the Euro In 2009, it will become the 16th country to join the monetary union, and the first in central Europe PARKER ON WINE Highly Recommended 2004 Chianti Classicos Fifteen of the finest Chianti Classicos from the 2004 vintage—to enjoy now or for years to come AUTOS Lotus: A Different Kind of High Mileage Lotus' new "green" Eco Elise features hemp-based bodywork and other renewable materials SLIDE SHOW U.S. Brands with Overseas Owners If Budweiser becomes Belgian, it won't be the first time a foreign outfit has acquired a famous American brand FARNBOROUGH AIR SHOW 2008 The Planes of Farnborough From passenger jets to fighter planes, this summer's Farnborough Air Show features a crowd-pleasing assortment of flying marvels  BW'S PICKS FROM AP NEWS >> • Russian leader to officials: Go online or lose job • TNK-BP's Dudley fears for company's future • Ryanair cuts back winter flights • EU: Trade pact would raise economy • Fans flock to British Open despite missing Tiger MORE BREAKING NEWS FROM AP >  BW MALL   SPONSORED LINKS Build Your Employees' Skill Sets With SkillSoft  Integrate Learning Into Business With SkillSoft's Learning Solutions. Sign Up & Get Full Access. Human Capital Management Resource Center  Register For SAP’s HCM Resource Center And Learn How To Get The Best Talent In Your Industry! No Hassle Small Business Loans  Instant Business Loan Quotes Up To $150K! Must Process $3K Per Month In Visa/MC. No Startups. Check Out IT Certification Preparation Materials  Sign Up With SkillSoft & Get Access to Training Materials for Over 50 Professional Certifications. Endless Pools, Swim at Home  Compact, energy efficient pools, installed indoors or out for year-round use. Free DVD and $1000 off Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. 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IN YOUR FACE: CAN SERENDIPITY MAKE YOU RICH? Reader All Together Writes: "Helicopter Broadcast Peeps: always hovering in other people's business, they feel have to broadcast to the world what they are doing at any given time." Tell Us: Are We Sharing Too Much Information? >   Advertisement   What's Your Problem? We all have workplace problems. Share with us, and your fellow readers, the hurdles you've faced—and how you've tried to clear them    Viewpoint: Diana Farrell The New Power Brokers The past year has seen much financial unrest, but three players—Asian sovereign investors, oil exporters, and private equity firms—have helped stabilize the market    Investing: Europe Britain Appears Recession-Bound Surveys make it plain that the bad news about Britain's economy will only get worse in coming quarters, and that recession may not be far off    CNET.co.uk PRODUCT REVIEWS CNET.co.uk Product Reviews Choose a Category Camcorders Cameras Cell Phones Handhelds MP3 Players Desktops Notebooks Entertainment Modems Video Adapters Networking Printers Scanners Software Storage CNET.co.uk Editors' picks, value ratings, feature comparisons, and photos   Advertisement   FEATURED SPECIAL REPORT >> Farnborough Air Show 2008 Slide Shows The Planes of Farnborough Next in Line for Takeoff At Air Show, the Worry: Too Many Planes? As airlines cut back on services and lay off thousands, planemakers such as Airbus and Boeing are sitting on a record backlog of orders EADS Takes Aim at U.S. Defense Business Gearing Up for More Airbus A380 Service The Real Action is in Private Jets GE Gives Turboprops a Whirl Boeing Gets Another Shot at Tanker Deal Younger Fleets Boost Non-U.S. Airlines Airbus' Cost-Cuts Don't Fly What Airbus Learned from the Dreamliner READER COMMENTS > MORE SPECIAL REPORTS >