Europe Business News

But the US president, who said his proposals were aimed at alleviating the “continued human tragedy” of unemployment , declined to put a cost on the measures he outlined. Declaring his objective was to create “the greatest number of jobs...

The president of Britain's second largest bank has issued a veiled threat that the country's elite financiers could join a mass exodus from the City of London if the Government pushes ahead with a bonus supertax today. The Chancellor, Alistair...

N orth American stocks declined Wednesday, after investors heard news just before the opening bell that another European government has been warned about its debt by a ratings agency. Standard & Poor’s lowered its outlook on Spain to negative from...

Samsung Electronics hopes to boost its position in smartphones by opening up its software, but analysts doubt it can challenge Apple as the platforms favored by application developers. Samsung, the second largest cellphone maker globally, launched its own smartphone platform,...

He could cut spending, but the cuts would have to be enormous. The equivalent of one year�s education budget or 3/4 of the entire health budget. He could raise taxes but he would have to almost double the basic rate...

Outlook The latest data from retail analyst TNS confirms what is becoming the big story of the sector this year: the amazing performance of Waitrose. TNS reports its sales were up almost 15 per cent over the 12 weeks to...

Fitch Ratings cut Greece’s credit ratings to BBB plus with a negative outlook, a day after rival ratings agency Standard & Poor’s threatened Athens with a downgrade . It is the first time in 10 years that one of the...

This copy is for your personal, non-commercial use only...Ryanair Holdings PLC's chief executive said Tuesday the Irish budget airline was unlikely to place a big order for new aircraft with Boeing Co., a move that could harm the airline's prospects...

German auto maker Volkswagen announced Monday that it had acquired a 49.9-percent stake in luxury sports car -maker Porsche for 3.9 billion euros (5.8 billion dollars). Last week, Volkswagen shareholders overwhelmingly approved a capital increase aimed at financing the purchase....

Neel Kashkari, the first head of the government's $700 billion financial rescue program, will join Pacific Investment Management Co. as a managing director and head of new investment initiatives, the company said Monday. Pimco, one of the world's largest bond...