Volkswagen (VOWG_p.DE) has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO.
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Airbus needs more time to decide on A380 changes: paper
Airbus (AIR.PA) will not abandon its A380 jumbo jet program despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines as major customer Emirates Airline has requested.
IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agency (IEA) said.
United States loses sparkle as Europe shows signs of hope
Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.
German economy minister plays down boost from EU-U.S. trade deal: magazine
Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.
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China's economy faces increased downward pressure, the premier has said, as the country prepares to announce first-quarter economic growth.
The China-led Asian Infrastructure Investment Bank (AIIB) will be lean, clean and green, its interim chief said, playing down concerns over transparency and standards governing the institution.
Apple Inc has approached more than a dozen musicians, including British band Florence and the Machine, in an effort to sign exclusive deals for some of their music to be streamed on Beats, Bloomberg reported, citing people familiar with the matter.
The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc (BP.L) oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.
Italian Prime Minister Matteo Renzi said on Friday he will consider new measures to stimulate growth in the coming weeks after his government passed its three-year financial and economic planning document (DEF).
Federal Reserve official Jeffrey Lacker on Friday repeated his call for the central bank to consider hiking interest rates in June, and said there was no shame in adjusting them lower again if economic data demanded it.
Customers preordering Apple Inc's smartwatch on Friday will have to wait at least a month for delivery, an early sign of strong demand for company chief Tim Cook's first new major product.
When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.
Ukraine's Naftogaz [NAFTO.UL] Chief Executive Andriy Kobolev will seek rapid progress on a deal to secure gas from Russia for the next 12 months in talks brokered by the European Commission in Berlin next week.
