Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway.
Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.
Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.
Britain needs to introduce legislation that could break up banks if standards slipped because current reform proposals fall short of what is needed, an influential panel of lawmakers said.
Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U.S. of its triple-A status if Washington does not prevent $600 billion of spending cuts and tax hikes from kicking in early next year.
Fitch Ratings stuck by its triple-A rating on France in a much-awaited review on Friday but warned that an expected peak in debt in 2014 was the limit it could agree to for a country with a top-notch credit grade.
British TV decoder maker Pace said on Monday that it had made an early-stage proposal to Internet group Google to acquire its set-top TV box maker Motorola Home.
StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
British TV decoder maker Pace said on Monday that it had made an early-stage proposal to internet group Google to acquire its Motorola Home business.
The U.S. government's energy agency has adopted North Sea Brent crude as its benchmark for oil forecasts, dropping its domestic benchmark.
Coffee chain Starbucks said it could pay up to 20 million pounds more in tax as it announced plans to change its accounting practises, surrendering to widespread criticism.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.
Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.
Germany and France publicly clashed on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms.
Swiss bank UBS is close to a settlement with U.S. and U.K. authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the NYT reported.
The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.
LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.