Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.
Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.
Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending after the purchase of BG Group.
Japanese electronics maker Sharp has reported a huge net loss for the second year running, underscoring how difficult it will be for new owner Foxconn to turn the firm around.
BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.
The scandal hit car manufacturer Volkswagen looks set to dramatically reduce management bonuses.
Taiwan's Foxconn is to acquire the struggling Japanese technology firm Sharp but after much wrangling which creates doubts on how well they will work together.
France biggest telecoms operator, Orange, is reportedly making good progress on an agreement to buy Bouygues Telecom.
French media group Vivendi has raised its stake in Telecom Italia to 24.9 percent which gives it effective control of the company without the expense of taking it over.
2015 was a grim year for mining company and commodity trader Glencore with profit down by almost a third as prices for copper, nickel, zinc, iron-ore and coal slumped to multi-year lows.
HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.
Deutsche Bank's shares recovered some ground on reports it is considering buying back several billion euros of its debt.
Danish shipping and energy group Moller-Maersk reports a loss of $2.5 billion for Q4 2015 as it writes down the value of its oil assets.
BMW reports a 7.5 percent rise in monthly car sales in January with increases in Europe and China and falls in the US as winter storms deterred buyers.
The southern Italian city of Naples has been chosen by Apple for the first of a series of app development centres. The idea is to train app
Huawei has become the first Chinese company to ship more than 100 million smartphones. The 2015 shipments defied a market slowdown and jumped 44
Rio Tinto, the world’s second-largest mining company, has cut its capital spending forecast for next year to $5 billion. Its previous estimate was
France’s largest telecoms operator Orange has been in talks to buy certain assets from Bouygues Telecom, according to a report by Bloomberg. It
Electrolux shares fell by over 10 percent on Monday after a deal worth three billion euros to buy General Electric’s appliance business fell through
The European Commission has opened an investigation into the tax affairs of fast food giant McDonald’s. EU competition officials will look at the