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Germany withdraws Eurovision contender after lyrics uproar

BERLIN Germany withdrew its contender for next year’s Eurovision song contest on Saturday following a backlash from critics who accuse the R&B artist of using anti-Semitic and homophobic slurs in his songs. Xavier Naidoo, a singer of Indian and African heritag... More »

ECB willing to act fast to boost inflation, says Draghi

FRANKFURT The European Central Bank is ready to act quickly to boost anemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its Dec. 3 meeting. Mario Draghi highligh... More »

Rising dollar tops Goldman Sachs’ 2016 trade tips

LONDON U.S. investment bank Goldman Sachs tipped a higher dollar as its top trade for 2016 on Thursday, heading a list that also bet on rising U.S. inflation and long-dated Italian bonds outperforming German bonds. Goldman said big U.S. banks will outperform t... More »

Sent back from Europe, some Afghans prepare to try again

KABUL Last year, Hamid Rostami, a 28-year-old from Wardak in western Afghanistan, was expelled from Denmark after years trying to stay in Europe. Jobless and cut off from his family, he now sits in wintry Kabul wondering how to go back. Jobless and unwilling t... More »

Paris attacks seen causing short-term global markets drop

SYDNEY/TOKYO/PARIS/NEW YORK Stocks in major markets are set for a short-term sell-off on Monday after suspected Islamist militants launched coordinated attacks across Paris that killed more than 130 people, but few strategists expect a prolonged economic impac... More »

Drug industry bemoans Britain’s lack of science skills

LONDON British pharmaceutical and biotechnology companies face a major skills shortage which threatens future investment and the long-term success of the life sciences sector, according to a new industry report. The Association of the British Pharmaceutical In... More »

Merkel backs her interior minister after refugee row

BERLINGerman Interior Minister Thomas de Maiziere retains the confidence of Chancellor Angela Merkel, a government spokesman said on Monday, after a spat within her cabinet over whether to limit the asylum rights of refugees from Syria. The government was forc... More »

Dollar sits pretty, bond yields rise as Fed bets firm

LONDONThe dollar took a breather on Monday having surged to a seven-month high, while emerging, commodity and bond markets had a nervy feel after strong U.S. jobs data boosted bets on a December Federal Reserve rate hike. European .FTEU3 and Asian .MIAPJ0000PU... More »

Dollar edges down from highs as investors take profits

LONDONThe dollar edged away from a 6-1/2-month high against the euro on Monday, as investors took profits on the greenback’s surge after bumper U.S. jobs data bolstered bets on the U.S. Federal Reserve raising interest rates in December. The only major currenc... More »

German trade pushes up after plunging in prior month

BERLINGerman exports and imports bounced back in September after plunging in the prior month but failed to allay concerns that a slowdown in emerging markets will leave its mark on Europe’s largest economy. The Federal Statistics Office reported on Monday that... More »

Sanctions fears choke nascent U.S. trade with Myanmar

WASHINGTON/NEW YORK/YANGONWestern banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in... More »

Banks still struggling to make money in the bond market

LONDONBanks struggled again to make money trading bonds, currencies and commodities in the third quarter, as regulatory changes squeezed liquidity and intensified the pressure to cut costs, staff and activity. Revenue and profit fell for most of the world’s ma... More »

Euro zone growth weak in October, China services rally

LONDONEuro zone private business growth remained tepid last month but activity in China’s services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday. There was little si... More »

First bodies delivered to Russia after Egypt plane crash

ST PETERSBURG The first bodies from a plane crash in Egypt in which all 224 passengers, most of them Russians, died over the weekend arrived in St Petersburg early on Monday morning aboard a Russian government plane. The crashed Airbus A321 plane, operated by ... More »

Uber Germany retreats to Berlin, Munich

FRANKFURT Taxi-hailing service Uber Technologies is making a retreat in Germany to the cities of Berlin and Munich as it grapples with a ban from using unlicensed cab drivers. Uber will for now suspend services in Hamburg, Frankfurt and Duesseldorf, it said in... More »

Axel Springer appoints CEO of growing U.S. business

FRANKFURT German publisher Axel Springer appointed Jens Mueffelmann as head of its U.S. business on Thursday, a new post created in recognition of the growing importance of the market. Springer, which narrowly missed buying the Financial Times from Pearson thr... More »

Saudi blogger Raif Badawi wins EU’s Sakharov rights prize

BRUSSELS Saudi blogger Raif Badawi, who has been sentenced to 1,000 lashes and 10 years in jail for insulting Islam and for cyber crime, was awarded the European Union’s prize for human rights and freedom of thought on Thursday. Badawi received the first of hi... More »

Downcast Rosberg at a loss to explain his error

AUSTIN, Texas A downcast Nico Rosberg said he was at a loss to explain the error that gifted Mercedes team mate Lewis Hamilton both victory and a third Formula One world championship in a rollercoaster U.S. Grand Prix on Sunday. The German was leading when he ... More »

Hamilton emulates Senna and seeks to inspire others

AUSTIN, Texas An ‘overwhelmed’ Lewis Hamilton hoped to inspire others with his achievements, just as Ayrton Senna has fired his imagination as a boy, after celebrating the greatest day of his career with a third Formula One world title on Sunday. “I’m just ove... More »

Deutsche Bank CEO steps into spotlight with revamp plan

FRANKFURT Deutsche Bank Chief Executive John Cryan will present details of a deep overhaul of Germany’s biggest lender on Thursday, hoping his changes will please investors after rival Credit Suisse’s plan drew a tepid response. One top 30 institutional shareh... More »

Stocks rally, euro falls as ECB open to more stimulus

NEW YORK Stocks rose in the United States and Europe and the dollar hit a three-week high against the euro after European Central Bank President Mario Draghi said further rate cuts were being considered to stimulate the euro zone economy. The ECB, as widely ex... More »

Google seeks common cause with media firms over ad blocking

FRANKFURT Google says European media firms, often the search giant’s harshest industry critics, share a common threat because a surge in ad-blocking technology is a threat to all businesses dependent on advertising. Carlo d’Asaro Biondo, Google’s president for... More »

‘Open the gate!’: Migrants stranded on Balkan borders

BERKASOVO, Serbia Thousands of migrants clamored to enter European Union member Croatia from Serbia on Monday after a night spent in the cold and mud of no-man’s land, their passage west slowed by a Slovenian effort to impose limits on the flow to western Euro... More »

Dollar weaker as rate increase expectations pushed back

LONDON The dollar nursed losses on Monday, falling around 0.4 percent against the euro and easing against a basket of currencies, after a weak U.S. jobs report drove traders to push back expectations of a Federal Reserve rate hike to early 2016. The euro’s bou... More »

Bitcoin flounders in Australia as regulatory worries bite

SYDNEY Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency’s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australi... More »

Springer accelerates digital push with Business Insider buy

FRANKFURT German publisher Axel Springer is to buy a further 88 percent of news website Business Insider for $343 million, increasing its stake to 97 percent and accelerating its push into digital, English-language content. Springer said it already owns about ... More »

Vodafone says Liberty Global tie-up talks ended

LONDON Talks between Vodafone and Liberty Global about exchanging assets to better compete in Europe’s converging mobile, broadband and TV markets collapsed on Monday because they could not agree on the value of their businesses. Vodafone, the world’s second-b... More »

Expectations of 2015 Fed rate hike nudge dollar higher

LONDON The dollar edged back towards a five-week high against a basket of major currencies on Monday, as investors eyed U.S. payrolls numbers and Chinese data later in the week for confirmation of bets the Federal Reserve will hike interest rates this year. Th... More »

Volkswagen to halt U.S. sales of some 2015 diesel cars

FRANKFURT/HAMBURG Volkswagen (VOWG_p.DE) told U.S. dealers to halt sales of some 2015 diesel cars after regulators found software it designed for the affected vehicles gave false emissions data, the company said Sunday, announcing it had launched an investigat... More »

Kerry says U.S. ready to take more refugees

BERLIN The United States will increase the number of refugees it takes in by 15,000 over each of the next two years, bringing the total to 100,000 by 2017, U.S. Secretary of State John Kerry said after talks with his German counterpart on Sunday. The remarks m... More »

Factbox: Companies, organizations offer help for migrants

Companies and organizations are pledging to provide funds, goods and services to help thousands of migrants arriving in Europe from war-torn and impoverished countries. Companies are helping through both corporate and employee schemes. Following are some examp... More »

Airbus draws union interest as it opens first U.S. factory

MOBILE, Ala, Airbus Group NV (AIR.PA) threw a party for its new U.S. workers ahead of the formal opening Monday of its first commercial jet factory in the United States, and representatives of the machinists union joined the crowd. The International Associatio... More »

Airbus says U.S. factory will be world’s most efficient

MOBILE, Ala. Airbus Group (AIR.PA) said on Sunday that its first U.S. factory, due to formally open on Monday, will be the most efficient in the world and will focus on building the largest version of the company’s single-aisle aircraft. The elegant, skylit fa... More »

Voice of equality through music ends Proms season

American conductor Marin Alsop brought the 120th season of the Proms, the world’s biggest and longest running music festival, to a close in London on Saturday, with an acknowledgement of the power of music to help overcome inequality. “It’s clear inequality is... More »

Giant head from Lenin statue unearthed in Berlin

BERLIN Twenty-four years after it was buried, the head of a giant statue of Soviet revolutionary leader Vladimir Lenin was dug up from woodland on the outskirts of Berlin on Thursday to be displayed at an exhibition in the German capital. The monument was unce... More »

Bertelsmann nears investment in HotChalk: sources

Bertelsmann SE & Co KGaA, Europe’s largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a ... More »

Refugee crisis suddenly Merkel’s biggest challenge

BERLIN Returning from her summer break in mid-August, German Chancellor Angela Merkel raised some eyebrows by describing Europe’s refugee problem as a bigger challenge than the Greece crisis, which had overshadowed all else in the first half of 2015. No one in... More »

To regulate or not to regulate? EU to launch study on Uber

, Brussels – The European Commission will launch a study in September of the ride-hailing app Uber in an effort to settle legal disputes that have pitched the U.S. start-up against conventional taxis across Europe, three people familiar with the matter said on... More »

Scientists solve mystery of polar bear Knut’s death

BERLIN Knut, the star polar bear who was hand-reared at Berlin zoo after his mother rejected him, had a type of auto-immune inflation of the brain that is found in humans, scientists said on Thursday. Knut, who was just four when he drowned at the zoo in 2011,... More »

ESM’s Regling says threat of Grexit is still there

BERLIN A Greek exit from the euro zone was a possibility and remains a threat if Athens does not fulfill the conditions of its third bailout agreement, the head of the European Stability Mechanism said on Thursday. “This threat as a possibility must always be ... More »

RTL to focus on digital, content in acquisitions

FRANKFURT European broadcaster RTL will focus on buying online businesses and content producers as it seeks to build itself into a video powerhouse that goes beyond traditional broadcast, its finance chief told Reuters on Thursday. RTL has TV and radio channel... More »

Balkans out-score EU at Vienna diplomacy soccer

VIENNA The European Union might have had a better start, but in the end it was the Balkan countries who brought the game home in this unlikely diplomatic soccer match on Wednesday to kick off the Western Balkan summit in Vienna. Team “FC EU”, made up of Austri... More »

Global stocks, dollar rebound but China smashed again

LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »

Boeing raises China 20-year aircraft demand

BEIJING Boeing Co (BA.N) on Tuesday raised its forecast for China’s aircraft demand over the next 20 years despite a slowing economy and a tumbling stock market that have triggered a worldwide slide in equity and commodity prices. The U.S. plane maker expects ... More »

Creamer and Lang earn captain’s picks for Solheim Cup

United States captain Juli Inkster opted for both experience and a vocal locker room presence in announcing Paula Creamer and Brittany Lang on Monday as her two wildcard picks for this year’s Solheim Cup. Creamer, 29, will make her sixth appearance in the bien... More »

EU’s 2016 stress test will include 50-60 euro zone banks

FRANKFURT Between 50 and 60 euro zone banks will be included in next year’s stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday. The ECB is the supervisor for top banks in the si... More »

Italy hires foreign directors to cure ‘sclerotic’ museums

ROME The museums that house masterpieces such as Michelangelo’s David and Botticelli’s Venus will soon be run by foreign directors for the first time as Italy overhauls what a senior official called its “sclerotic” museum management. Following an international... More »

Factbox: Euro zone countries vote on Greek bailout

Here is a list of euro zone parliaments that must approve the new 86 billion euro ($96 billion) Greek bailout this week. Here is a list: TUESDAY, AUG. 18 AUSTRIA – Parliament subcommittee to meet on the bailout. ESTONIA – Parliament holds extraordinary session... More »

Stocks, yields stumble after China lets yuan fall again

NEW YORK Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China’s yuan weakened again, a day after the country devalued its currency. Major Wall Street averages pared losses by... More »

Brit lights up Berlin with spies, lies and censorship art

BERLIN British artist and anti-surveillance activist James Bridle is illuminating Germany with artwork exploring the darkest state secrets, cover-ups and information blackouts. Bridle’s “The Glomar Response”, showing this month at the newly opened Nome gallery... More »

Djokovic launches hard-court campaign with Rogers Cup win

MONTREAL World number one Novak Djokovic kicked off his bid for a fourth Canadian crown with a 6-3 7-6(4) second round win over a stubborn Thomaz Bellucci at the Rogers Cup on Tuesday. Bellucci, with just one win in five visits to Canada and coming off a first... More »