Europe

EU slaps new sanctions on Russia, may suspend them if ceasefire holds

The European Union slapped new economic sanctions on Russia on Friday, but said they could be suspended if Moscow withdraws its troops from Ukraine and observes a ceasefire.


Thirty-four Bosnian coal miners trapped underground after earthquake

Thirty-four Bosnian coal miners were trapped half a kilometer underground on Friday after an earthquake triggered a rock burst, leaving rescue teams struggling to clear debris to reach them.

Microsoft, publishers try to stop 'catastrophic' Google EU deal

Google's (GOOGL.O) antitrust deal with EU regulators was criticized by Microsoft (MSFT.O) and other competitors in a last-ditch attempt to influence European Competition Commissioner Joaquin Almunia before he leaves office at the end of October.

Logitech ends earnings probe with only minor adjustments

Logitech said it would make minor adjustments to past earnings due to erroneously booking inventories, bringing an end to a three-month investigation without any financial penalties or hit to current results.


Latest News

Samsung Electronics Co Ltd, the world's biggest mobile phone maker, unveiled new versions of its Galaxy Note smartphone on Wednesday after previous design miscues cost it customers in the large-screen phone market it pioneered.
Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said.
European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of 138 million euros ($181.28 million) on Wednesday for fixing prices of chips used in mobile SIM cards.
World markets jumped on Wednesday as Ukraine's President Petro Poroshenko said a ceasefire had been reached with Russia, raising hopes that a recent escalation in the conflict could be reversed.
A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday.
Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. The move is part of a global push to increase the German bank's financial adviser base by 15 percent in the next three years.
Though speculation is rife of a new Pfizer bid, AstraZeneca's chief executive is not holed up with advisers in London or New York. Instead, he has spent the last three days immersed in heart science in Barcelona.
Russia's Energy Minister Alexander Novak said on Monday that Moscow and Kiev have agreed to hold a new round of talks to resolve a gas crisis on Sept. 6.
Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.
Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.
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