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Economy

Crude oil prices plunge to fresh 7-year lows

Crude oil prices hit fresh seven-year lows on Friday as the International Energy Agency warned that global oversupply could worsen in the New Year

Economy

Zara owner Inditex posts 20% profit rise

The owner of the Zara chain and the world’s biggest fashion retailer, Inditex, has posted a 20 percent rise in profits. The Spanish group says in the

Economy

Brent crude oil dips below $40 a barrel for first time since 2009

US crude fell below $37 (34 euros) a barrel on Tuesday, and Brent below $40 (36.7 euros) for the first time since early 2009. Oil prices then

Economy

Strong US job gains further fuel rate rise expectations

US job growth increased solidly in November – another sign that the economy is holding up – and for many another reason for the Federal Reserve to

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Ukraine

Dmytro Firtash calls off visit to Ukraine employers' congress

The 10th Congress of the Ukraine Federation of Employers took place in Kyiv in the absence of its boss Dmytro Firtash. The Ukrainian billionaire was

Business Line

Business Line: the demise of Black Friday and Cyber Monday

The holiday season is on and that means it’s time to think about presents. In the US the gift shopping traditionally kicks off after Thanksgiving

Business Series

All Nippon Airways announces big biofuel drive for passenger jets

The world’s largest Boeing 787 operator says its top priority is to cut CO2 emissions by 20 percent in 2020 – partly by introducing biofuels to

Economy

Brazil's recession deepens as economy shrinks more

Brazil’s worst recession in 25 years has deepened. The economy shrank 1.7 percent in the third quarter – half a percent more than analysts had

France

Leaders ponder the cost of greenhouse gas reductions

The major sticking point for world leaders attending the climate change conference in Paris(COP21) is to reconcile the cost to the global economy of

Economy

Gold loses lustre as prices fall to a six-year low

All that glitters is not gold and gold is not so shiny at the moment as it falls to its lowest price in almost six years. Gold prices falls B50 to

USA

Black Friday in America: crowds in stores thin, but big at computers

Business Planet

Copernicus: down-to-Earth opportunities for SMEs reaching for the stars

The Copernicus programme is an EU system providing Earth observation data and information. It delivers operational data on a free, full and open

Russia

Russia hits Turkey with economic sanctions, warns more could follow

Russia has hit Turkey with economic retaliation following the fatal downings of two Russian aircraft on Tuesday. Some 15% of all food imports to

Business Line

Business Line: the high cost of high security, and fighting terror with kittens...

Europe is on high security alert following the attacks in Paris on November 13. During this short period of time Europeans have had to get used to a

Economy

Pfizer-Allergen merger is also world's largest 'tax inversion' deal

Pfizer’s 150 billion-euro acquisition of Allergan is the healthcare industry’s biggest ever takeover, creating the world’s largest drug maker. The

Economy

French service sector slows as Paris attacks hit hotel trade

As feared, the first economic indicators after the Paris terror attacks suggest a slowdown in activity especially in France’s service sector. The

Business Line

Business Line: the economic impact and role of technology in the Paris attacks

One of the most beautiful cities in the world, Paris, was the target of a series of coordinated attacks on multiple civilian locations on Friday

Economy

Include developing countries, G20 is urged

Although terrorism shot up the agenda at the G20, the world’s largest economies meeting in Turkey also had to tackle other global challenges such as

World

'Businesses want stability, peace and the rule of law' - Turkish business association leader

Economy

IEA says oil glut could worsen through 2016

The International Energy Agency has estimated that slowing demand growth – as well as resilient non-OPEC supply – could worsen the oil surplus well