Economy

ECB's Draghi: 'Imperative' to set up new bank body
European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted ...
IMF chief Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde faced hours of questioning at a special Paris court Thursday over her role in the 400 million euro ...
86 sentenced in Macedonia highway toll scam case
A criminal court in Macedonia's capital has sentenced 86 employees of a road management company to prison terms ranging from eight months to more than ...
26 killed in 2 simultaneous car bombs in Niger
Suicide bombers in Niger detonated two car bombs simultaneously on Thursday, one inside a military camp in the city of Agadez and another in the ...
Portugal adds growth plan to austerity measures
Portugal's government says it will offer tax breaks to investors as the bailed-out country looks for ways to spur growth while continuing to cut the ...
Russian official reassures TNK-BP shareholders
Russia's deputy prime minister said Thursday that Rosneft's CEO has assured him the interests of disgruntled minority shareholders in oil firm TNK-BP ...
Dutch arrest meat works owner in horse meat probe
Dutch authorities on Thursday arrested the director of a meat-processing and wholesale company whose business is at the center of an investigation ...
Oil down to near $93 on Chinese recovery concerns
The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven ...
Vatican releases 1st report of financial watchdog
The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog ...
IMF calls on Britain to do more for growth
The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up ...
Italy seizes 1.2 billion euros from steel family
Milan prosecutors have ordered the seizure of 1.2 billion euros ($1.5 billion) in assets belonging to the family that runs a troubled steel plant in ...
Turkey: 4 sentenced over fake liquor deaths
Turkey's state-run news agency says a Turkish court has sentenced four people to 83 years in prison each for the deaths of five Russians from bootleg ...
Oil stays near $96 before crude stocks report, Fed
The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal ...
Asia stocks rise as Fed official backs easy policy
Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S.
Struggling Spain offers engineers to Brazil
Spain's development minister is urging Brazil to hire some of the engineers that her own economy doesn't have room for. Brazil is beefing up its ...
Burberry's profit hit by perfume deal's demise
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, ...
Ericsson closes down cable production, cuts jobs
Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden.
German central bank: Economy to improve 'markedly'
Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone ...
Oil price down to near $96 as traders wait for Fed
The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early ...
Vodafone annual profits up 1.9 percent
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
Correction: Cyprus-Breaking Barriers story
In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that ...
British inflation eases by more than expected
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares. The Office for ...
Head of embattled G4S security force retires
The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract. The company ...
Asia stocks muted ahead of Fed meeting
Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its ...
Ryanair keeps growing, reports record profits
Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa.