The chairman of Swiss banking giant UBS said in an interview published Sunday that he does not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene.

French aerospace and defense group Thales said Sunday it has bought European SIM manufacturer Gemalto in a bid to become a global leader in digital security.

Flights at Israel's main airport were temporarily suspended on Sunday as part of a strike against plans by pharmaceutical giant Teva to shed employees.

The US government has requested that Deutsche Bank provide information on transactions potentially linked to Michael Flynn, President Donald Trump's former national security advisor, The Wall Street Journal reported Friday.

Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online. 

Israeli pharmaceutical giant Teva announced Thursday it plans 14,000 job cuts over two years as it unveiled a wide-reaching restructuring plan after facing low prices for generic drugs.

EU-style policies are the best-suited to reduce global inequality and poverty, a report by a team of economists said Thursday, warning of catastrophe if the stunning concentration of global wealth is left unchecked.

The World Inequality Report draws on the work of over 100 researchers from more than 70 countries found that during that over the past 35 years the global top 1 percent of earners captured twice as much income growth as the bottom 50 percent.

Some 20,000 people demonstrated in Greece on Thursday as a general strike against new budget cuts and labor reform paralyzed the civil service and disrupted transports.

Saudi King Salman on Thursday issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector.

The package aims to boost the role of the private sector in light of economic reforms to diversify the Saudi economy away from oil following a slump in crude prices.

The dollar dropped Wednesday but U.S. stocks rose awaiting the outcome of a Federal Reserve policy meeting which analysts believe will result in higher rates.