News

An Italian court on Friday convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative transactions that prosecutors say helped the world's oldest bank conceal massive losses.

Telecom Italia (TIM) plans to spin off its data centre operations and look for an investor ahead of a potential market listing, it said on Friday, after announcing a partnership with Google to develop its cloud business.

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Tesla Inc Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in an open letter after the hedge fund owner wrote to clients about losing money on his short position in the Silicon Valley car maker.

Remainers say PM’s praise shows flaw in Brexit pact for rest of UK

Germany's Enercon, the world's sixth-largest wind turbine maker, is cutting 3,000 jobs, or 17% of total staff, daily Sueddeutsche Zeitung reported, not citing where it obtained the information.

* EU finance ministers to back plan with joint statement in Dec.

Accountancy firm Deloitte said on Friday it had sold Mamas & Papas Retail to private equity firm Bluegem Capital Partners, leading to the shutdown of six loss-making stores and 73 job losses in the British nursery retailer. The news of the sale of the company, which sells pushchairs, car seats,...

Greece's competition watchdog confirmed on Friday that it had raided all the country's major banks a day earlier as part of an investigation into collaboration between lenders.

EU member states provisionally approved new reporting rules for card companies on Friday to combat value added tax (VAT) fraud in cross-border e-commerce.

Lebanese are protesting outside failing state agencies they see as part of a corrupt system in the hands of the ruling elite, as well as at banks they deem part of the problem.