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Business Series

Porsche to hire 1,400 new workers for its electric sports car

Porsche is stepping up hiring with more than 1,400 new positions for production of its first all-electric sports car, as it takes on Tesla.

World News

Anheuser-Busch InBev increases megamerger bid for SABMiller

The world’s largest brewer Anheuser-Busch InBev has sweetened its takeover offer for British rival SABMiller because of the sliding value of the pound following the Brexit vote.

Business Series

BP's profit down 45% in Q2, cuts investment budget

British oil major reporting a 45 percent drop in second-quarter earnings and will cut its 2016 investment budget to below $17 billion.

World News

'Tighten rules or live to regret it': Brussels told to act after Barroso controversy

Stricter rules and independent regulation should be introduced to avoid senior EU staff becoming too close to big business, it’s been claimed.

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Business Line

Euro 2016: big and expensive football party

In this edition of Business Line we look at the economics of the Euro 2016 tournament - how much money was spent and earned.

Economy

International Monetary Fund sees feeble growth for Italian economy

The International Monetary Fund predicts GDP growth for Italy of less than one percent this year and only slightly more in 2017, with Brexit and debt-laden banks the biggest factors.

Business Series

Pokemon GO goes viral, boosts Nintendo shares

Pokemon GO, an "augmented reality" game for smartphones has become a craze on the streets and given a massive boost to the share price of Japanese video-game giant Nintendo.

Target

Science and technology boom in Malopolska, Poland

Malopolska has claimed the prestigious title of 2016 European Entrepreneurial Region, the first area in Poland to do so.

United Kingdom

Exchange rate woes as UK votes for Brexit

On the morning after the UK referendum vote to leave the EU, the British pound plunged to its lowest level since 1985.

Economy

ECB agrees cheaper loans to fund Greek banks

The European Central Bank has agreed to accept 'junk' rated Greek debt as collateral for normal "ECB":http://www.ft.com/cms/s/0/10708ef6-387a-11e6-9a05-82a9b15a8ee7.html#axzz4CPd5i6K9 lending to banki

Business Series

Microsoft in joint venture to track cannabis production

Microsoft is in the weed trade after the company entered a joint partnership with KIND Financial a seed-to-sale software provider that helps state and local governments track the cannabis business, ac

Economy

Federal Reserve set not to play interest rate rise card

The Federal Reserve is deep in a policy meeting with the unlikelihood of an interest rate rise coming anytime soon.

Economy

Alibaba's magic still casting money spells

Chinese giant Alibaba Group Holding expects to double its transactions volumes by 2020, and still expects considerable growth.

Economy

Orlando killings prompt share rise in US gun companies

Shares in US gun companies saw stocks rise as a result of the mass murder in an Orlando LGBT nightclub.

Economy

German debt bonds drop below zero

Yields on 10-year government debt of Germany has fallen below zero for the first time on record.

China

Disney's Shanghai resort gets mixed reactions from locals

Disney’s multi-billion dollar resort in the Chinese city of Shanghai boasts the world’s tallest Cinderella castle.

Business Line

Start me up! Turn an idea into a successful business

Business Line has a special report on startups - those highly innovative, game changing, non-traditional businesses - with advice on how to turn an idea into a multi-billion euro company.

Business Series

Lukoil profits hit by oil price slump

Russia's Lukoil has said its profits in the first three months of this year were down by 59 percent as oil prices fell to a 12-year low and its output declined.

Europe News

EU backs 'sharing economy'

A top EU commissioner has leapt to the defence of app-based companies such as Uber and AirBnb.

Economy

India pulls ahead as world's fastest growing large economy

India has extended its lead as the world's fastest growing large economy overtaking China as GDP expanded by 7.9 percent between January and March.