EU business slips down global list

The EU has plenty of catching up to do if it is to succeed in its goal of becoming the most competitive economy in the World by 2010.

EU companies are slipping down the list when it comes to competing with their American counterparts. The Business Week global top 1000 - which lists the top 1000 companies in the World by market capitalisation - leaves the European business community with plenty of work to do.

The list, published in the latest edition of Business Week, boasts only...