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.
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.
After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.
Canada’s chief energy regulator said Thursday a municipality along the route of a crude oil pipeline can’t stop an affiliate of Kinder Morgan Energy from accessing areas for a proposed expansion.
Services that offer users data or pay data costs for visiting websites, signing up for free trials or watching movie trailers from smartphones or tablets are gaining traction.
The spotlight on defective air bags intensified, with one of Germany’s largest auto makers issuing a recall and Honda imposing pay cuts on executives.
Ron Johnson, who helped build Apple’s successful retail stores before a troubled stint as J.C. Penney CEO, is readying a well-funded startup that aims to help online shoppers find the right products.
The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.