Economy

Greek dock workers extend strike
Greek dock workers extended a 48-hour strike for a further two days on Friday, leaving ferries tied up in port over the weekend, while Athens doctors ...
Oil slips closer to $97 ahead of US jobs report
The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ...
TeliaSonera boss quits over Uzbekistan allegations
The chief executive of TeliaSonera resigned Friday after an independent review on alleged bribery by the telecoms company found it had failed to ...
Daimler buys stake in Chinese automaker BAIC Motor
German luxury automaker Daimler AG said Friday it is buying a stake in the passenger car unit of its main Chinese partner to expand its presence in ...
Chinese automaker Geely buys maker of London cabs
The Chinese automaker that owns Sweden's Volvo Cars said Friday it has acquired the British manufacturer of the distinctive London cab. Geely Holding ...
BT profit down 1.6 percent as call revenue falls
U.K. telecommunications company BT said Friday that its net profit fell 1.6 percent to 484 million pounds ($767.7 million) in the third quarter amid ...
US satellite lost in failed launch from Pacific
Sea Launch AG says a U.S. communications satellite was lost after a booster rocket carrying it into space failed shortly after its launch from a ...
Asia stock markets mixed on US jobless data
Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ...
China companies plan to step up Europe investment
Chinese companies plan to step up investment this year in Europe, which some see as more welcoming than the United States, a European business group ...
Greece accepts $31 million bid for island plot
Greece's state privatization fund says it has accepted a €23 million ($31 million) bid from New York-based investors to develop real estate on the ...
Fiat Industrial sees growth from US unit merger
Italian heavy-duty vehicles maker Fiat Industrial reported a 20 percent increase in fourth quarter profit Thursday and forecast revenue would increase ...
LVMH cashes in on rising luxury goods demand
French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 percent last year, as ...
Poland: No proof yet horsemeat came from country
Poland is conducting DNA tests on meat samples at seven facilities to see if any are the source of horsemeat discovered this month in Irish-produced ...
Diageo net profit rose 61 percent
Distiller Diageo PLC's net profit rose to 1.54 billion pounds ($2.43 billion) in the six months ending on Dec. 31, up 61 percent on the same period ...
Q4 profit up to $543 million for Spain's Santander
Spain's Banco Santander says it made a net profit of €401 million ($543 million) for 2012, up from €47 million for the same period a year earlier, but ...
Deutsche Bank posts steep Q4 loss of $2.9 billion
Reducing the value of assets and lawsuit expenses pushed Deutsche Bank into a big and unexpected fourth quarter loss of €2.15 billion ($2.91 billion).
Shell earnings rise in Q4 on refining turnaround
Royal Dutch Shell PLC said Thursday it plans to continue investing aggressively in new projects in the coming years, as it sees a bright future for ...
Amer Sports Q4 profit falls despite sales growth
Global sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, says fourth-quarter profits plunged more than 80 ...
Areva sales rise as nuclear business picks up
France's state-controlled nuclear giant Areva says its revenue grew 5.3 percent last year as the nuclear business picked up and moved past the ...
Greek doctors, public transport workers on strike
Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ...
Chocolate makers hit with German price-fixing fine
German antitrust authorities have fined 11 chocolate makers €60 million ($81.3 million) for colluding to rig the price of confectionary. The Federal ...
GM taps VW exec to run troubled Opel unit
General Motors has appointed the former head of Volkswagen's China business to try and turn around its lossmaking European division, Opel. The Adam ...
Danish Novo Nordisk profit surges
Danish pharmaceutical company Novo Nordisk A/S on Thursday reported a 23 percent growth in fourth-quarter net profit on strong sales of diabetic drugs ...
Oil prices stay near $98 ahead of US jobs data
Oil prices hovered near $98 a barrel Thursday, close to four-month highs, as traders waited for more economic indicators from the U.S. By early ...
NATO chief says security, economy are linked
NATO's chief says the economic crisis could threaten the national security of members of the military alliance, and he's urging them to maintain ...