Germany and France agreed Tuesday on a strategy to create European industrial "champions" and to seek changes in EU competition rules that now prevent blockbuster mergers of homegrown groups. The push for a common industrial initiative came after the EU's veto of an Alstom-Siemens rail...

Estonia's banking watchdog FSA said Tuesday it has ordered Denmark's largest lender Danske Bank to close its local branch within eight months, following a money laundering scandal. Investigators in Copenhagen, Brussels, London and the United States are probing some 200 billion euros ($226...

The United Arab Emirates announced Monday it had signed deals worth more than $1.6 billion for the purchase of Patriot missile launchers from US arms giant Raytheon, state media said. The deals, inked on the second day of an international military exhibition in Abu Dhabi, come a day after...

Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, U.S. sanctions on Iran and Venezuela, and hopes that the Sino-U.S. trade dispute may soon end. International Brent crude futures were at $66.66 per barrel at 0746 GMT, up 41 cents, or 0.6...