British Foreign Secretary Boris Johnson on Tuesday dismissed as "crazy" a government proposal for customs arrangements with the EU after Brexit, forcing cabinet divisions into the open once again.

German luxury carmaker Audi on Tuesday said it had detected "irregularities" in the emissions controls of recent A6/A7 models, prompting it to halt deliveries in the latest twist in the "dieselgate" scandal dogging parent company Volkswagen.

The admission came after Germany's transport ministry said it was investigating suspicions that the carmaker had installed a new "illegal defeat device" in some 60,000 A6/A7 models worldwide, around half of which are driving on German roads.

Air France shares went into a tailspin on the Paris stock exchange Monday after the strike-hit company's CEO resigned and the government seemed to worry about the carrier's very chances of survival.

Six months after selling a Leonardo da Vinci for half a billion dollars, New York art auction season is back, gearing up to break new records with a magnificent Rockefeller collection and a Modigliani.

Higher costs for oil, industrial metals and other materials have emerged as a headwind during U.S. earnings season, amplifying inflation worries at the same time the labor market is tightening.

Companies from across the U.S. economy cited the drag from supply costs in conference calls, in some cases reporting lower first-quarter profits or cutting their outlook.

Russian businesses are expecting wide-ranging reforms and are full of suggestions for a new government as Vladimir Putin begins a fourth Kremlin term with promises to revitalize the country's economy. 

Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities.

A fresh economic crisis would leave Greek banks exposed and see their capital slide by billions, the European Central Bank said Saturday after publishing the results of a latest stress test.

The U.S. unemployment rate dropped to a fresh 17-year low in April as steady hiring persisted and the labor market continued to tighten in the world's largest economy, the government reported Friday.

Activist fund Elliott won Friday its weeks-long power struggle with Vivendi over Telecom Italia by wresting control of the company's board at a shareholder meeting held near Milan.