The latest news on business
BRUSSELS (AP) — The European Union on Friday started legal proceedings at the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry.
LISBON, Portugal (AP) — Portugal's Parliament has endorsed a four-year budget plan that places legal limits on state spending in an effort to restore the bailed-out country's fiscal health.
PARIS (AP) — The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform.
FRANKFURT, Germany (AP) — A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.
LONDON (AP) — Prime Minister David Cameron said Friday he had no regrets about his decision to put Culture Secretary Jeremy Hunt in charge of deciding whether Rupert Murdoch's News Corp. could proceed with a bid to take over British Sky Broadcasting.
In the small world of big CEOs, the perks can be spectacular.
WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.
SINGAPORE (AP) — Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven't budged since then while his cost of living has continued to climb.
BERLIN (AP) — A study shows German consumers remain cautiously confident in Europe's largest economy despite uncertainty in the wider 17-nation eurozone.
HONG KONG (AP) — Shares of a Hong Kong tycoon's property company tumbled Friday after he insisted he was innocent of bribery and money laundering charges filed by Macau prosecutors over a land deal in the Asian gambling hub.