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...

Crown Prince Mohammed bin Salman on Sunday said Saudi Arabia has signed investment agreements worth $20 billion during his high-profile visit to Pakistan, where tensions were flaring up with nuclear-armed rival India. Kicking off his tour of South Asia and China with a far higher Pakistan...

Saudi Arabia signed a preliminary agreement on Sunday with France’s Naval Group to build warships in the kingdom, as part of its efforts to develop domestic manufacturing capabilities. Saudi Arabian Military Industries (SAMI), the kingdom’s state defense company, made the announcement at the...

Representative Alexandria Ocasio-Cortez, a rising Democratic star in the US Congress, spotlighted a report this week saying US tech behemoth Amazon paid no federal income tax for two years. The company also found itself in the headlines after suddenly pulling out of a planned New York City...

Crisis-hit Japanese automaker Nissan slashed its full-year forecast Tuesday as nine-month net profit dropped 45 percent in the first earnings report since the stunning arrest of former chairman Carlos Ghosn. The firm blamed growing costs of raw materials and emerging economy foreign...

Secretary of State Mike Pompeo warned U.S. allies on Monday against deploying equipment from Chinese telecoms gear manufacturer Huawei on their soil, saying it would make it more difficult for Washington to “partner alongside them”. “We want to make sure we identify (to) them the...

A British departure from the European Union without a deal could put 600,000 jobs around the world at risk, with Germany the hardest hit, a study published Monday found. Researchers at the IWH institute in Halle, eastern Germany, examined what would happen if UK imports from the remaining...

The energy minister of the United Arab Emirates said Monday supply and demand in the oil market should balance out in the first quarter of 2019, following weeks of output cuts. "My expectation is that we will see the balance during the first quarter unless something happens," Suheil...

Trade uncertainty weighed on Asian stocks Monday, at the start of a week that sees crunch China-US talks take place in Beijing aimed at averting fresh tariff escalations. Mainland Chinese markets reopened from their week-long Lunar New Year break to renewed concerns over the trade row and a...

The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday. Under French law, home owners in Paris can rent...

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”. “With revenues down, fiscal deficits are only slowly declining, despite significant reforms on both the...

The Reserve Bank of Australia on Friday cut growth forecasts for this year and next, citing the effects of a weaker housing market. The central bank said growth would reach 2.5 percent in the middle of this year, well down from the 3.25 percent it previously projected. Bill Evans, an...

Anadolu Agency questioned Luis Pacheco, a nonresident fellow of the Rice University's Baker Institute, on Venezuela's energy sector, its economy and politics. Pacheco has more than 35 years of experience in the energy industry, including 17 years at Venezuela’s national oil company PDVSA...

Asian markets mostly rose Thursday as regional investors began to return from their Lunar New Year break, though Tokyo edged lower after a negative lead from Wall Street. Most trading floors have reopened but business remains light, with Hong Kong and Shanghai still closed, while focus...

Australian flag carrier Qantas on Thursday confirmed it would not take up eight Airbus A380s already ordered -- the latest blow for the European airspace firm. In a statement, Sydney-based Qantas said it would focus instead on refurbishing its existing 12 Airbus super-jumbo planes....

Brazil's aircraft maker Embraer said Wednesday it has finalized a contract to sell 12 light attack aircraft to Nigeria's air force, which is fighting an insurgency by Boko Haram jihadists. Embraer's military aircraft division said in a statement it and a partner firm making electronic...

Both sides in the US-China trade negotiations are making a "big commitment" to reach an agreement by the March 1 deadline, US Treasury Secretary Steven Mnuchin said Wednesday. President Donald Trump and Chinese leader Xi Jinping agreed to a 90-day truce in the ongoing trade war, but US...