Week in Review, March 2

Week in Review, March 2

Airline chief seeks to pilot Iberia's recovery, Spain's corporates suffer a dire week, and horsemeat continues to turn up in unexpected places

Cyprus banks hit by ‘substantial outflows'

Cyprus banks hit by ‘substantial outflows'

Depositors spooked by speculation on forced losses, says minister who pledges to fight radical rescue options that would be ‘fatal blow' to confidence

Thales lifts profits and eyes EM growth

Thales lifts profits and eyes EM growth

Defence electronics group's shares are up 12% after profits beat expectations, while new chief executive Jean-Bernard Lévy unveils a strategic review

Steel industry urges 25% capacity cut

Steel industry urges 25% capacity cut

Eurofer chairman Wolfgang Eder says that Europe needs to shed 50m tonnes a year of production to start to address ‘massive structural crisis' in the sector

Swiss vote for corporate pay curbs

Swiss vote for corporate pay curbs

Referendum sees shareholders given binding say; Golden hellos and goodbyes banned; annual re-elections for directors; criminal sanctions for non-compliance

Ericsson's Iran role under scrutiny

Ericsson's Iran role under scrutiny

Current sanctions guidance by the US Treasury calls on companies that provide telecommunications technology to Iran to “exercise great caution”

Commerzbank prepares bonus appeal

Commerzbank prepares bonus appeal

Earlier ruling means the bank has to pay about €50m to 104 bankers who say they were promised bonuses but awarded a tenth of those pledged

Explorers given lesson on shareholders

Explorers given lesson on shareholders

Mark Hardy is concerned Connemara Mining is allowing existing shareholders' interests to be sacrificed because of its tie-up with larger group Teck

Defiant Siemens chief comes out fighting

Defiant Siemens chief comes out fighting

Peter Löscher is recovering his poise after a difficult year at the group which has shaken investor confidence in the engineering group and has come out fighting

French car slowdown to drag into 2013

French car slowdown to drag into 2013

New sales hit 15-year low as Peugeot and Renault struggle and the industry association warns of little or no improvement this year
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