Economy - Business: Breaking news

Economy

• 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, ... 

• 

  Markets choppy ahead of Bernanke testimony

  Markets were choppy Tuesday as investors remained cautious in the run-up to a much-anticipated statement from U.S. Federal Reserve chairman Ben ... 

• 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. 

• Ex-Saab executives arrested on accounting charges

  A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof ... 

• Actavis buying Warner Chilcott in $8.5B deal

  Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty ... 

• Oil price falls below $96 a barrel

  The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a ... 

• Union leads march in Rome calling for job creation

  A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job ... 

• Cyprus drops limits on 8 more foreign banks

  Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ... 

• Italian Cabinet passes first economic measures

  Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and ... 

• 

  Greece faces slow, jobless recovery next year

  Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three ... 

• Fitch downgrades Slovenia amid banking concerns

  Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the ... 

• 

  World stocks strong into the weekend

  World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board ... 

• IMF says Cyprus at risk of even deeper recession

  The IMF said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at ... 

• Czech, US cooperate in developing new reactors

  The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation ... 

• Spain's king sheds luxury yacht as crisis bites

  Spain's King Juan Carlos is getting rid of the luxury yacht he and his family used during holidays in an apparent belt-tightening measure as the ... 

• 4-month strike at PSA Peugeot Citroen plant ends

  A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.