ADB agrees to lend $500 million to Azeri gas project

Asian Development Bank green lights Caspian Sea project

Ryanair says fares fall more than expected but profits on track

Ryanair's average fares fell more than expected in the last three months of 2016 amid a glut of capacity in...

Sony's movie business takes a $1 billion hit

Online streaming services sap film profits

EU to propose ‘binding’ multinational tax rules

The European Commission will propose a new set of binding rules by the end of January to curb corporate tax...

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Oil’s slide below $30 sends shockwaves

US oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many US shale...

BP to slash thousands more jobs in face of oil downturn

British oil and gas company BP announced plans to slash five per cent of its global workforce in the face of a...

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Oil rally stalls after stockpile data as shares pull back

A rebound in oil prices faltered yesterday as US data showed a rise in crude inventories, while US and European...

GE plans to cut 6,500 jobs in Europe in next two years

General Electric plans to cut 6,500 jobs in Europe over the next two years a spokesman for the company in France...

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Excess emissions detected in Mercedes model – German lobby

German environmental lobby group DUH turned on carmaker Daimler yesterday, saying test results had shown nitrogen...

Markets ‘overreacted’ to ECB’s December 3 move

Measures announced on December 3 by the European Central Bank, including €360 billion of additional asset...

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Barclays considers scaling back in Africa – FT

New Barclays chief executive Jes Staley is considering selling some or all of the British bank’s African...

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Shell, Gunvor to supply 120 LNG cargoes to Pakistan – sources

Oil major Shell and trading house Gunvor will supply Pakistan with 120 liquefied natural gas (LNG) cargoes...

Eurozone inflation revised up to 0.2% in November

Eurozone inflation was revised up to 0.2 per cent in November, rising slightly more than expected mostly because...

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US Fed signals faith in economy with first interest hike in 10 years

Global equity markets rallied in volatile trade while the dollar and US Treasury yields rose yesterday after the...

Eurozone core inflation fall bolsters ECB case for easing

Eurozone core inflation unexpectedly slowed in November, offering yet another argument for the European Central...

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Bank of China may make Vienna its hub for emerging Europe

Bank of China is expected to open an office in Vienna at the start of next year and could make Austria its hub...

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Dollar strength continues after Yellen comments

The dollar extended gains yesterday and stocks dipped on Wall Street, as Federal Reserve Chair Janet Yellen...

VW, banks agree terms of a €20bn bridge loan

Volkswagen has reached an agreement with banks on the terms of a planned €20 billion bridge loan to help it...

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ON Semiconductor is to buy Fairchild in $2.4 billion deal

ON Semiconductor Corp. said it would buy Fairchild Semiconductor International Inc in a $2.4 billion deal, the...

Oil firm Total to spend less on Norway in 2016

French oil firm Total will spend slightly less next year on the Norwegian continental shelf than it did this...