U.K. economic growth slowed in the third quarter, official data showed, in the latest sign the global recovery may be losing steam.
Norway’s Statoil has secured an exploration permit in the Northern Carnarvon Basin in the northwest part of Australia, its third asset in the country.
Europe’s pensions industry has accused its European Union regulator of over-reaching its authority by pursuing plans to develop what pension funds say amounts to a new and onerous capital regime.
Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.
Ericsson’s revenues beat expectations, as the company’s main networks unit saw high mobile broadband demand in places such as China, Russia and the Middle East.
Progress toward closing the gap in incomes between eastern and western Europe has stalled, and in some cases is going in reverse, the International Monetary Fund said.
Germany’s BASF lowered its outlook for 2015 and reported a 4.8% decline in third-quarter profit, hurt by the slowing global economy and weaker demand in Europe.
The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.
After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.