Business

The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum. A tight labor market together with signs of a strengthening economy and steadily rising inflation...

The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen (VOWG_p.DE) scandal. Amid mounting frustration in Brussels over what it sees as governments...

European shares followed Asian stocks higher on Wednesday, buoyed by reports Italy would step in to rescue troubled bank Monte dei Paschi and expectations the European Central Bank would extend its bond-buying stimulus scheme this week. Italian government bond yields...

Office supplies retailer Staples Inc (SPLS.O) said on Wednesday it would sell its controlling stake in its European business to an affiliate of private equity firm Cerberus Capital Management LP to focus on its North American operations. Staples' European unit...

While the British government tries to prevent parliament voting on its plan to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers' recent statements. Prime Minister...

Britain's competition watchdog has fined Pfizer (PFE.N) a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent. The Competition and Markets Authority (CMA) also fined...

Japan's Sony Corp (6758.T) will release as many as six smartphone games in the next financial year, hoping that its own gaming franchises can replicate the success of console rival Nintendo Co's (7974.T) Pokemon GO. The upcoming titles will free...

Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc (AAPL.O) Chief Executive Tim Cook...

Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database. The companies will share 'hashes' - unique digital fingerprints they automatically assign to videos or photos -...

SAN FRANCISCO, December 05, (THEWILL) - Nigeria is set to raise funds from its first international bond since 2013 as the government is in talks with Standard Chartered, Citibank and Stanbic IBTC to arrange the Eurobond sale. THEWILL recalls that...