Greek stocks tumble after five-week shutdown
Athens-listed stocks have fallen sharply in early trading after a five-week market closure as part of capital controls in the indebted eurozone nation. There was uncertainty over when more bailout…
Commerzbank triples profits in second quarter
Germany's Commerzbank has reported strong second-quarter earnings as the lender has been able to strengthen its retail banking segment. Executives spoke of a successful turnaround after years of deep trouble.…
German carmakers to buy HERE maps from Nokia
Three rival German automakers are buying Nokia's digital maps division, HERE, a frontrunner in high-precision cartography. The maps are especially useful in the development of autonomous driving systems. German car…
71 cases of government corruption in July: PFT
“Legislations remain too weak to face it or properly penalise it,” says expert
HSBC operating profit up, net income falls
Europe's biggest bank, HSBC, has reported a drop in bottom-line earnings for the second quarter, but pointed to rising operating profit in the first half of 2015. The lender is…
FIFA’s Sepp Blatter ends stint on International Olympic Committee
FIFA President Sepp Blatter's leadership role in another major world sporting body has ended. Blatter has decided against running for re-election as a member of the International Olympic Committee. The…
UN aims to ‘end poverty’ with 2030 agenda for sustainable development
The United Nations member states have endorsed an agenda on sustainable development up to the year 2030. The ambitious, wide-ranging plan is to be ratified next month at a meeting…
US-Saudi alliance stays strong after Iran nuclear deal
Will the Iran nuclear deal strain ties between Saudi Arabia and the US? Hardly. The alliance between the world's largest absolute monarchy and its oldest constitutional republic remains strong, Spencer…
Kerry, Al-Sisi discuss counter-terrorism
The US Secretary of State announced his country's support for Egypt's counter-insurgency measures in Sinai
German who fought for ‘IS’ in Syria denounces extremism
Back from Syria and charged with fighting for the "Islamic State," the German Ebrahim B. no longer has illusions of "five-star jihad" and now advocates against extremism. His trial begins…