Europe

Germany, long a bright spot in Europe’s troubled economy, is sustaining what appears to be a significant blow from turbulence in Russia and Ukraine.

Moscow Nyets? The owner of the Brooklyn Nets plans to move the NBA team's parent company to Russia in response to U.S. sanctions against the country.

Greece offered new measures including a tax hike on shipping companies and scrapping tax breaks for its islands in the latest proposal sent to creditors on Thursday for a cash-for-reforms deal.

Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped.

The European Central Bank raised the amount of emergency funding for Greece's troubled banks by 2.3 billion euros on Wednesday, banking sources said, as negotiations between Athens and its creditors reached a critical stage.

European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.

European lenders on Tuesday played down Greek hopes of a swift end to negotiations on an aid agreement and warned talks must speed up before the country runs out of cash.

EU antitrust regulators will fine nine drugmakers this month for blocking the entry of cheaper generic medicines to the market.

The bank's chairman said the pace of reform in the banking industry must be accelerated to avoid investor confidence in the sector being undermined.

European Commission's top regulatory official wants large companies should disclose how much tax they pay in each country where they operate.

For European banking union to succeed, all EU member countries need to be in agreement, said the managing director of the IMF.

EU antitrust regulators are reportedly expected to clear the takeover bid by cable group Liberty Global for British peer Virgin Media without requiring concessions.

In the aftermath of the Paris terrorist attacks last week, and the new threats that have emerged since, a new breed of vigilantes wants to wage a war against ISIS on a new battlefield...online. 

Google Inc has plans to shut down its engineering office in Russia amid a crackdown on internet freedoms and a law regarding data-handling practices, the Wall Street Journal reported.

AbbVie's $55B deal to buy Irish drug maker Shire would mark the largest tax inversion ever, as a growing number of U.S. firms eye lower rates overseas.

Nokia revealed the $7.4 billion sale of its devices and services division to Microsoft is being delayed several weeks as the companies await regulatory approval in Asia.

A federal grand jury is looking into Citigroup's compliance with the U.S. Bank Secrecy Act and anti-money laundering regulation.

Google has offered further concessions to address regulatory concerns about its search technology, effectively settling a three-year EU investigation and avoiding a fine of up to $5 billion.

Google has reportedly made new concessions to antitrust regulators in Europe in an effort to settle a three-year probe.

European Union regulators approved Microsoft's $7.2 billion buyout of Nokia's device business, without conditions.