economics

Monsanto shareholders approve 66-billion-dollar Bayer merger

German pharmaceutical giant Bayer on Tuesday cleared a major hurdle in its quest to swallow up US titan Monsanto, as the controversial agriculture giant's shareholders voted in favour of a merger...

Italy's UniCredit announces recapitalization, bad loan sale, job cuts

Italy's biggest bank by assets, UniCredit, unveiled Tuesday a major restructuring plan hinging on a 13-billion-euro (13.8-billion-dollar) recapitalization, the sale of 17.7 billion euros' worth of...

Currency chaos in Venezuela as bills pulled over "attack"

Venezuelans rushed to trade in their 100-bolivar bills ahead of a Wednesday deadline after President Nicolas Maduro said he was eliminating the nation's highest currency denomination in an attempt...

Singapore Airlines and Lufthansa cleared for joint venture

Singapore's competition watchdog cleared a proposed joint venture by Singapore Airlines and Germany's Lufthansa on Monday.

Italy's UniCredit raises 3.9 billion euros with Pioneer asset sale

Italy's biggest bank by holdings, UniCredit, said Monday it was going to cash in 3.86 billion euros (4.1 billion dollars) from the sale of its asset management firm, Pioneer, to France' Amundi, in...

Oxfam names world's worst tax havens

Multinational corporations rob developing countries of 100 billion dollars every year by using tax avoidance schemes, global charity Oxfam said in a report released Monday.

Iran and US firm Boeing sign massive deal

Iran's state airline Iran Air and US aeroplane producer Boeing on Sunday signed a deal for the purchase of 80 aircraft valued at 16.6 billion dollars.

World's longest tunnel railway tunnel opens to public in Switzerland

The first scheduled train to pass through the world's longest railway tunnel arrived in the Swiss city of Lugano more than 30 minutes faster than usual Sunday thanks to a shortcut that took 12.2...

Greek parliament approves 2017 budget

The Greek parliament approved the government's 2017 budget on Saturday evening, the parliamentary steering committee reported.

Other countries join OPEC to cut oil output by 1.76 million barrels

The Organization of the Petroleum Exporting Countries (OPEC) managed to broaden its efforts to cut oil output on Saturday, when 11 countries outside this group joined a plan that is aimed at...

Greek ferry strike ends after eight days

A nationwide strike by Greek ferry workers that led to supply shortages on a several islands ended Saturday after eight days, a union leader said.

Sky accepts 18-billion-pound takeover bid by 21st Century Fox

The board of British broadcaster Sky has accepted a takeover bid worth some 18 billion pounds (22.6 billion dollars) from media tycoon Rupert Murdoch's US-based 21st Century Fox, the company said...

Pilots resume negotiations with Lufthansa in long-running pay battle

Pilots working for Germany's flagship airline, Lufthansa, have returned to the negotiating table with their employers, marking progress in a long-running pay dispute that has dogged the company...

One in six workers in EU earns low wages, according to report

Nearly one in every six employees in the European Union is earning the lowest of wages, according to the European statistics bureau Eurostat on Thursday, citing figures from 2014.

One third of big Australian companies pay no tax, tax office says

More than a third of the largest companies in Australia paid no tax in the previous financial year, according to data released Friday by the Australian Taxation Office (ATO).