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

ThyssenKrupp to raise EUR907 million in capital increase following Alabama plant exit
German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the co
UK Pensions Regulator proposes new rules for diverting pension contributions
New rules set forth by the UK Pensions Regulator will enable companies to make their businesses more sustainable while still being able to give their employees their retirement benefits.
Global PC market expected to stabilize in the long term -report
The International Data Corporation released its forecast for the PC market worldwide, estimating a 10.1% plunge in 2013 sales, a 3.8% contraction in 2014, and a 300-million mark on an annual basis.
Investment banks to reduce pay again amid increase in profits- report
A Financial Times report said investment banks worldwide are set to reduce employee remuneration for the third year even as profits have increased, highlighting the importance placed on shareholder re
DigitalOcean's new Amsterdam data center signals European expansion, eyes Singapore as its next target
A second data center in Amsterdam was launched by software Design Description (SDD)-only web hosting and cloud infrastructure provider DigitalOcean as part of its strategy to meet customer demand in c
Investment group revives Saab 9-3 production after bankruptcy filing
After more than two years since it filed for bankruptcy due to lack of cash and halting production, Swedish car automaker Saab AB via its parent company National Electric Vehicle Sweden (NEV) AB start
Emerging market slowdown to remain until economic reforms address new market conditions - Unilever chief Polman
Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.
Norway's DNB rejects prediction on real estate
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
UBS to buy EUR1.75 billion of its bonds back
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
Cevian buys 25 million A-shares in Volvo, raises stake to 10.5% of votes
Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-sha
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