Europe

Spain, France Arrest 5 Members of Chinese Money Laundering Gang That Smuggle Over 1 Million Euros a Day

French and Spanish authorities have arrested five members of a suspected Chinese money laundering network in Spain this week.


Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million

Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million...

Russia's Central Bank Encourages Businesses to Use Crypto to Evade Sanctions

Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners...

UK: Nurses Express Heartbreak as Hospital Patients Die Alone Amid Staff Shortages

Nurses in the UK express profound distress and heartbreak over hospital patients being left to die alone amidst shocking staff shortages, highlighting compromised care standards where survival is now ..


Latest News

Douglas prepares to exit largest confectionery chain in Germany
Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, Onco
UK insurers plan to invest 25B pounds in infrastructure
British insurers plan to invest 25 billion pounds ($41 billion) in transport and energy projects over the next five years, the finance ministry said on Wednesday, a day before it presents a half-yearl
Former Metro owner set for return to LME metals warehousing
Bill Whelan, the Michigan-based mastermind behind the creation and sale of one of the world's biggest metals warehousing firms, is making a comeback, seeking to rejoin the London Metal Exchange networ
ThyssenKrupp's USD1.2 billion share sale not enough for turnaround - analysts
Analysts thought that ThyssenKrupp latest fundraising efforts, which was a USD1.2 billion share sale, was not enough to turn the company around from its dire financial straits.
Uk investors urge to bet on venture capital trusts
An online report on UK financial website This Is Money discussed the advantages of investors betting in venture capital trusts at the time when certain economic factors are in their favor.
Report says oil and gas in emerging markets new target by private equity
A recent report by Ernst & Young and Mergermarket projected increase in private equity activity in the oil and gas sectors, especially in emerging markets.
Rio Tinto to cut capital spending in half by 2015
As the second-biggest mining company in the world, Rio Tinto Group, struggles against the drop in mineral prices, the company resolved to reduce its capital spending to around USD8 billion in 2015.
Rocket Internet-backed Zalora and The Iconic nabs USD112 million in funding
German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce compa
Online retailer navabi raises EUR10 million in Index Ventures-led Series C investment round
German startup navabi, which sells designer brand clothing online, drew EUR10 million in new Series C funding from institutional investors led by private equity firm Index Ventures.
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