The EU's trade chief will recommend placing punitive import duties on billions of euros of solar panels from China, people close to the matter say, putting up a barrier to protect Europe-based producers but risking upsetting Beijing.
German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in China will offset flagging demand in Europe.
New York Times
The contraction of manufacturing across the eurozone slowed in January amid signs that the worst may be over, according to a survey.
Japan has posted a record high trade deficit for 2012, as exports to Europe and China continued their plunge.
The recession in Europe is entering its fifth year and unemployment doesn't look like it will be returning to normal levels anytime soon.
On 14 November, people in Madrid and all across Europe participated in a demonstration against government austerity measures.
Booming sales in Asia have helped German car firm BMW shrug off the gloom in Europe to report a record third quarter pre-tax profit.
Jobless numbers hit a grim record of 18.2 million across the eurozone in August, showing an annual rise of well over two million for the recession-stricken single currency area.
AFP (via Google)
Chinese government officials have used economic cooperation talks, between Germany and China, to raise the topic that a bilateral solution could be reached between the two countries to avoid a potential photovoltaic trade war.
Manufacturing output across the 17-country eurozone shrank again in August, according to a widely-watched survey.
Japan has reported a wider-than-expected trade deficit in July, as slowing demand from China and Europe weighed on exports.
New York Times
Future Horizons has said it included the comment "We assume GlobalFoundries will purchase IBM's semiconductor division and that Hynix/Micron will buy up the remaining smaller memory firms," in the conclusions of a report prepared by Future Horizons and Decision SA for the European Commission on the future of 450mm wafer processing in Europe.
Shoppers in the eurozone loosened their purse-strings in May, but the trend remained sluggish, official statistics have shown.
The results in France and Greece came after a tumultuous few weeks in which the Dutch government fell and Britain's Conservative-led coalition received a licking in local elections.
Unemployment in the eurozone reached a record high again in March 2012 as spending cuts continued to hit the working population.
Leaders from China and the European Union are holding a summit in Beijing set to focus on Europe's debt crisis, as the EU hopes for Chinese support.
Nokia will cut about 4,000 jobs at its smartphone manufacturing bases in Europe and the Americas after announcing plans to shift production to Asia.
The Financial Times
Taiwan Semiconductor Manufacturing Co. plans to announce 3D IC assembly service as a general offering at the beginning of 2013, according to Maria Marced, president of TSMC Europe.
The Arctic cold snap that has hit Europe for over a week has claimed nearly 300 lives, bringing air travel chaos to London and dumping snow as far south as Rome and even North Africa.
Advocates of renewable energy say an electricity supergrid could enhance the clean-power industry by connecting power sources like wind farms in Scotland and solar arrays in Spain or North Africa to the population centers of Europe.
New York Times
Unemployment in the eurozone stayed at a record high in November as the impact of the sovereign debt crisis rumbled on, according to official figures.
The troubled single currency also hit a one-year low against the US dollar, hitting $1.2887.
The European Commission (EC), which has already identified photonics as a key enabling technology, is now calling for a "massive expansion" of solid-state lighting (SSL) across the continent in a bid to reduce energy costs and boost its lighting industry.
This week Solon became the first publicly traded solar-power company to file for bankruptcy in Germany. Despite cost-cutting and a round of last-minute negotiations, the Berlin-based photovoltaic equipment maker can't make its deadline to repay ??75 million in loans.
Wall Street Journal
Panasonic will expand its smartphone business beyond its home country of Japan, starting with Europe in March 2012, the electronics giant said today.
China's solar-panel supply glut is consolidating the industry and will likely slash the number of domestic manufacturers to 15 within half a decade, according to a research group at the nation's top economic planning agency.
The yuan halted a three-day losing streak on speculation European leaders will boost efforts to solve the region's sovereign-debt crisis.
Bloomberg (via Businessweek)
Airport operator BAA has written to carriers suggesting a 50% reduction in passenger numbers on each international flight arriving into Heathrow on November 30.
Japan's exports fell for the first time in three months, indicating that the yen's appreciation and financial turmoil in Europe are slowing the nation's recovery from the March disaster.
Next up on the 2011 Europe Financial Calamity tour?