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Volkswagen announces multi-billion investment plan on expansion, models

Volkswagen on Friday announced it will invest 85.6 billion euros (67.67 billion pounds) in its...

Draghi says ECB ready to act fast to tackle low inflation

The European Central Bank is ready to act in a timely manner if low inflation persists, ECB President Mario Draghi said on Friday.

Rolls-Royce wins $5 billion order from Delta

Britain's Rolls‑Royce said it won a $5 billion (3.19 billion pound) contract to supply aero engines to power 50 new Airbus planes ordered by...

Alibaba raises $8 billion in bond deal

Chinese e‑commerce giant Alibaba raised $8 billion in a bond offering, the Wall Street Journal said. The company announced one week ago that it...

Shares soar as China cut rates, Draghi drives for quantitative easing

Shares soar as China cut rates, Draghi drives for quantitative easing

Japan's lower house dissolved for snap election

Prime Minister Shinzo Abe dissolved the lower house of Japan's parliament Friday, paving the way for a general election next month.

'Call of Duty' blasts past $10 billion in sales

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest...

World's ultra-rich getting much richer: UBS study

A bare 0.004 percent of the world's adult population controls nearly $30 trillion in assets, 13 percent of the world's total wealth, according to...

Sotheby's auction house CEO to step down

Sotheby's announced Thursday that CEO William Ruprecht is to step down, a week after lackluster contemporary art sales and a year after a bruising...

Georgia O'Keeffe painting fetches record-breaking $44.4 mn

A painting by late American artist Georgia O'Keeffe sold for more than $44.4 million in New York on Thursday, which Sotheby's called a new...