Business
Latest stories
German Unemployment Rate Rises for First Time since 2013

Germany's unemployment figures rose in May for the first time in more than five years, official data showed Wednesday, amid signs of slowing growth in Europe's biggest economy.

W140 Full Story
China Warns U.S. Not to Politicize Exchange Rates

China warned the United States on Wednesday not to "politicise" the exchange rate of its currency amid a festering trade war between the two economic giants.

W140 Full Story
From European Dream to Global Giant: Airbus Marks Half Century

Fifty years ago at the Paris air show, France's transport minister and Germany's economy minister signed an agreement that would change aviation history.

W140 Full Story
GE to Cut over 1,000 Jobs in French Power Operations

U.S. industrial conglomerate General Electric said Tuesday that it would cut more than 1,000 jobs mainly at its gas turbine operations in eastern France, part of a wave of European layoffs as it tries to stem losses in its power generation business.

W140 Full Story
Italy Braced for 3 Billion-Euro Brussels Fine

Italy's Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro ($3.36 billion) fine over the country's rising debt and structural deficit levels.

W140 Full Story
German Prosecutors Raid Porsche in Corruption Probe

Prosecutors in Stuttgart said they raided German sports car maker and Volkswagen subsidiary Porsche on Tuesday on suspicion that an auditor was bribed to pass information to the company's tax advisor.

W140 Full Story
Hong Kong Second Wealthiest Tycoon Lee Shau Kee Bows Out

Hong Kong's second richest man Lee Shau Kee stepped down as chairman of Henderson Land Development on Tuesday, the latest of the city's golden generation of billionaires to retire as their progenies take over.

W140 Full Story
Old Partner Nissan Left Sidelined by Renault-Fiat Merger

Nissan, a long-time Renault partner, has been left sidelined by a potential tie-up between the French firm and Fiat-Chrysler, just as the beleaguered Japanese firm battles to recover from the arrest of former boss Carlos Ghosn.

W140 Full Story
Renault-Fiat Merger a Tempting Match as Challenges Mount

The prospect of a merger between French carmaker Renault and Italian-US auto giant Fiat Chrysler received a warm welcome on Monday, with analysts hailing the idea as an ideal fit for two companies who must keep up in the highly competitive industry.

W140 Full Story
Nasdaq Withdraws Offer to Acquire Oslo Stock Exchange

U.S. stock market operator Nasdaq said Monday it was withdrawing its offer of nearly 700 million euros ($784 million) to acquire the Oslo Stock Exchange, clearing the way for its European competitor Euronext.

W140 Full Story