Business

Paving its future: Ferrari unveils wide-ranging new plans

Sep 18, 2018

Ferrari's new CEO has unveiled a new business plan that revives iconic models and embeds them with Formula One technology

Cyprus taps bond market at 'most favorable' yield

Sep 18, 2018

Cyprus' government spokesman says the country has tapped international bond markets for 1.5 billion euros ($1.75 billion) at "historically most favorable" yield of 2.4 percent

Cyprus, Egypt set to sign deal for offshore gas pipeline

Sep 18, 2018

Egypt's oil minister says Europe stands to win from a deal Cyprus and his country will sign to pipe offshore natural gas to processing plants in Egypt where it will be liquefied for export to the continent

EU investigates German carmakers for possible collusion

Sep 18, 2018

The EU's anti-trust watchdog is investigating whether automakers BMW, Daimler and the VW group colluded to limit the development and roll out of car emission control systems

Lithuania: Walmart to remove Soviet-themed shirts

Sep 18, 2018

Lithuania says Walmart has told them they will remove shirts with Soviet emblems from online sales after the Baltic countries had demanded that the goods were taken away from the U.S. retail giant's site

The Latest: Greece to move 2,000 people out of migrant camp

Sep 18, 2018

Greece's government spokesman says about 2,000 asylum seekers are to be moved out of a severely overcrowded migrant camp on the island of Lesbos and sent to the mainland by the end of September

EU investigating whether BMW, Daimler, VW colluded to limit the development and roll-out of car emission control systems

Sep 18, 2018

EU investigating whether BMW, Daimler, VW colluded to limit the development and roll-out of car emission control systems

Cyprus public school teachers stage 2-day strike

Sep 18, 2018

Some 120,000 primary, middle and high school students in Cyprus have stayed home as school teachers go ahead with a two-day strike to protest what they say was the government's move to impose money-saving measures without consulting with them

Standard & Poor's lifts Cyprus into investment grade

Sep 14, 2018

Standard & Poor's has raised Cyprus' credit grade by a notch to BBB-, lifting the country back into investment grade after near-bankruptcy five years ago

Workers, execs and politicians bid farewell to late Fiat CEO

Sep 14, 2018

The heir to the Fiat-founding Agnelli family has paid an emotional farewell to the late CEO Sergio Marchionne who died suddenly in July, saying "he taught all of us ... to have the courage to change.''

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