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Japanese conglomerate Toshiba is in crisis, saying its very survival is in doubt.
Hanjin Shipping, formerly the world's seventh-largest container shipping line, has been declared bankrupt by a South Korean court.
Italian shipyard Fincantieri has been approved as the preferred bidder for cruise-ship builder STX France, but politics could yet scupper the deal.
Hanjin Shipping's largest shareholder, Korean Air Lines, has again delayed a decision on a rescue plan, adding to uncertainty about cargo stranded at sea following the container carrier's collapse.
One of the world's biggest container shipping firms, South Korea's Hanjin Shipping, is headed for bankruptcy after the lenders it has borrowed money from pulled the plug.
The lights are set to come back on in Venezuela.
Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp
Reports from Russia say the country’s second biggest airline, Transaero, has been grounded because of safety concerns. The transport minister has
Talks to pave the way for Greece’s third bailout are underway, with officials from its international creditors on the ground in Athens. The
Fresh from dealing with Greece, the French President is facing a crisis closer to home. Ahead of the start of the August getaway, farmers are
Rapper 50 Cent has filed for bankruptcy in New York reporting debts and assets in the range of $10 million to $50 million. It comes two months
There was food for thought for the Greek Finance Minister Yanis Varoufakis as the eurozone said in no uncertain terms that Athens would get no more
A man has been arrested after a shooting at a courthouse in Milan left three people dead, including a judge and a lawyer. Officials say the shooter
Parma chairman Giampietro Manenti has been arrested in Italy on money laundering charges. Manenti, who took over as the club’s new owner and
The Ukrainian government sealed an emergency loan of 1.8 billion euros from the European Union on Tuesday as the country looks to stave off the
It is one of Europe’s richest regions, but growth is slowing.
Formerly flourishing businesses in northern Italy are closing or outsourcing as the