French Finance Minister Bruno Le Maire on Thursday said Paris would be "extremely vigilant" about the severance pay for Carlos Ghosn after the jailed auto tycoon resigned as boss of Renault. "I can tell you that we will be extremely vigilant as key shareholders on the exit conditions that...

The European Central Bank will hold off sudden moves Thursday after removing a pillar of support to the eurozone economy, analysts expect, though it could already be eyeing ways to respond to slower growth. Frankfurt policymakers are caught at an intermediate stage of withdrawing crisis-era...

Chinese vice president on Wednesday said the international order was under “serious” threat and called on the global community to collaborate to cope with challenges in 2019. Wang Qishan was speaking at a special session alongside the World Economic Forum’s founder Klaus Schwab in Davos,...

South Korea has imported Iranian oil for the first time in six months amid U.S. sanctions on Iran, a Korean business web portal said on Wednesday. "Iranian crude oil export to South Korea has resumed six months after U.S. economic sanctions," said Business Korea. It is said that one...

Britain remains a world-leading destination for foreign investment despite Brexit clouds and the departure of a number of companies, International Trade Secretary Liam Fox said Wednesday. Interviewed by AFP at the World Economic Forum in Davos, Fox also welcomed a proposal by Poland that...

Japan logged a trade deficit last year for the first time since 2015, with export growth slowing amid tensions between the country's two biggest trading partners -- China and the United States. Japan logged the deficit of 1,203 billion yen ($11 billion) in 2018 after two years of surplus,...

China and Europe take centre stage at Davos on Wednesday, a day after Brazil's hard-right President Jair Bolsonaro promised reform and respect for the environment to the world's business elite. Top billing at the World Economic Forum will go to Chinese Vice President Wang Qishan, a key...

Sony will shift its European headquarters from Britain to the Netherlands to avoid Brexit-related customs issues, but operations at its current UK company will remain unchanged, a company spokesman said Wednesday. "We are moving the location of our European headquarters' registration to the...

Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterised the start of the year stuttering...

Japan's central bank again revised down its inflation forecasts on Wednesday, in the latest sign of its struggle to reach a long-sought two percent rate that officials consider key to boost the economy. After a two-day meeting the policy board left its mammoth monetary easing programme in...

The nation’s airport security force continues struggling to find enough workers, creating longer-than-normal wait times at some of the busiest U.S. airports over the Martin Luther King Jr. holiday weekend. The Transportation Security Administration screened 2.18 million people Monday, the...

Iran's foreign ministry on Tuesday deplored Germany's decision to ban Iranian airline Mahan air from its airports describing the move as "hasty and unjustifiable". "The rescinding of Mahan Air's flight permits to Germany is a hasty, unjustifiable act," the ministry said in a statement....

Analysts expect the European Central Bank to acknowledge growing risks to the eurozone economy Thursday while sticking to its patient course, kicking off a year that could see the Frankfurt institution mostly marking time. The central bank is caught at an intermediate stage of withdrawing...

France's data watchdog on Monday announced a fine of 50 million euros ($57 million) for US search giant Google, using the EU's strict General Data Protection Regulation (GDPR) for the first time. Google was handed the record fine from the CNIL regulator for failing to provide transparent...

Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are...

Swiss banking giant UBS saw its net profits leap by almost five times last year to $4.9 billion (4.3 billion euros) despite "challenging conditions," it said Tuesday. UBS' 2017 results were hammered by US tax reforms that forced banks that operate in the United States to book...

British no-frills airline EasyJet on Tuesday said closure of London's Gatwick Airport before Christmas caused by reported sightings of drones had cost the group £15 million ($19.2 million, 17 million euros). EasyJet said it had lost £5.0 million in revenue and taken a hit of £10 million...

Asian markets on Monday built on last week's rally as investors cheered a report that China had offered to eliminate its massive trade surplus with the United States, while data showed Chinese economic growth hit forecasts in 2018. Regional equities picked up where they finished Friday...

The EU saw over 15 million new passenger car registrations in 2018, the European Automobile Manufacturers' Association (ACEA) announced on Wednesday. Last year's car registrations in the EU remained more or less stable compared to 2017, according to the association. "Due to falling...

French auto giant Groupe PSA, which makes the Citroen and Peugeot brands, reported record vehicle sales Tuesday as the acquisition of General Motors' Opel unit helped offset a sharp downturn in key markets China and Iran. PSA sold 3.88 million vehicles, up 6.8 percent from 2017 when it...