economics

Ikea's yearly profits jump by almost one-fifth to 4.2 billion euros

Swedish furniture retailer Ikea's full-year net profit rose 19.6 per cent to 4.2 billion euros (4.5 billion dollars), the group said Wednesday, citing growth in both mature and emerging markets....

EU Commission fines trio of banks 485 million euros for rate fixing

Credit Agricole, HSBC and JPMorgan Chase must pay 485 million euros (520 million dollars) in fines for manipulating a key benchmark used to set lending rates, the European Commission said...

Trump says Japan's Softbank will invest 50 billion dollars in US

US president-elect Donald Trump said Tuesday that Japanese telecommunications giant Softbank will invest 50 billion dollars in the United States.

German energy firms entitled to damages for nuclear shutdown policy

German energy companies are entitled to "appropriate" compensation for the government's 2011 decision to rush ahead with the shutdown of nuclear power plants, the country's top court ruled Tuesday...

Amazon tests checkout-free food store

Online retail giant Amazon is testing a new type of physical store in the US that promises no lines or checkouts, the company announced Monday.

BMW to repay record 72 million dollars to Australian car buyers

BMW will have to pay back 72 million Australian dollars (53.8 million US dollars) to car buyers in Australia who were misled into believing they could afford the luxury German vehicles, the...

Eurogroup finance ministers agree to debt relief for Greece

Finance ministers from the countries that use the euro agreed Monday in Brussels to a series of relief measures for highly indebted Greece.

Greek ferry services remain disrupted as strike extended to Friday

Ferry services in Greece will remain disrupted through the week, after a seafarers' union extended an ongoing strike.

European investors shrug at Renzi resignation after failed referendum

European markets on Monday shrugged off this weekend's failed constitutional reform referendum in Italy with both shares and the euro ending the day higher.

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love with the 1997 blockbuster movie about the doomed ocean liner.

Cambodia's brick factories plagued by 'modern slavery,' says NGO

Cambodia's brick factories are plagued by modern forms of slavery such as debt bondage and child labour, according to a report from a local rights organization released Friday.

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport officials from both sides said on Thursday.

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German rival Hamburg Sued, the world's seventh largest container shipper.

EU, eurozone unemployment squeak to seven-year lows for October

Unemployment across Europe ticked down in October to its lowest rates in more than seven years, data released Wednesday showed, but differences between individual countries, as well as high youth...

Eurozone inflation hits two-and-half year high in November

Inflation in the 19-member eurozone rose to a two-and-half year high in November, helping to ease the pressure on the European Central Bank as it struggles to keep consumer prices in positive...