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Lufthansa Profits Soar in Second Quarter

German airline group Lufthansa reported zooming profits in the second quarter Wednesday, as increased passenger demand and lower fuel costs lent tailwinds to its business.

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Libya Settlement Cuts into Societe Generale Profit

French bank Societe Generale on Wednesday said its net profit tumbled by over a quarter in the second quarter of this year due to the cost of settling a lawsuit with Libya's sovereign wealth fund.

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Washington Plans Trade Measures against China

The United States is planning to take trade measures against China to force it to crack down on theft of intellectual property, the Wall Street Journal reported late Tuesday.

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Eurozone Recovery on Track as Growth Rises

Growth in the eurozone accelerated slightly in the second quarter of 2017 as Europe's tentative economic recovery remained on track, official EU data showed on Tuesday.

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Strong Earnings, Economic Data Push Asia Markets Higher

Asia markets started the month on a high Tuesday, buoyed by strong earnings results and gathering optimism over the global economy, even as the dollar came under fresh pressure from instability in the White House.

Equity indexes from Shanghai to Seoul chalked up substantial gains, with confidence fuelled by positive Chinese manufacturing data and figures showing South Korean exports surged 20 percent in July from a year earlier. 

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Saudi Arabia to Launch Red Sea Tourism Resorts

Saudi Arabia on Tuesday announced the launch of a massive tourism project that will turn 50 islands and a string of sites on the Red Sea coast into luxury resorts.

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Qatar Files WTO Complaint over Gulf Trade 'Siege'

Qatar has filed a complaint with the World Trade Organization over an "illegal siege" imposed by its Gulf neighbors, the commerce ministry said Monday.

The gas-rich emirate has been slapped with sanctions and demands after four countries including regional kingpin Saudi Arabia cut ties with it on June 5, accusing Doha of fostering Islamist groups and of links to Riyadh's arch-rival Iran. Qatar denies the allegations.

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Heineken Profits Bubble amid Warm Weather

Dutch brewing giant Heineken on Monday reported a 48.6 percent leap in first half profits, with beer sales boosted by warm weather in Europe and its new zero alcohol brand.

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Europe's Recovery Strengthens, Unemployment at 8-Year Low

Europe's economic recovery is strengthening with unemployment in the eurozone dropping in June to its lowest since February 2009, according to official figures released on Monday.

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MUFG Eyes Amsterdam, Paris for Post-Brexit Business

Japanese megabank MUFG says Amsterdam and Paris are favorites to be the new European base for its securities operations, officials said Monday, as the firm prepares for Brexit. 

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