Germany’s biggest airport is canceling 170 flights because of snowfall, though forecasters predict the weather will improve over the course of the day. Frankfurt airport said flights to Berlin, Hamburg, Munich, Vienna, Dublin and Warsaw were affected by cancellations Monday. Delta and Lufthansa connections between Frankfurt and the U.S. were also affected by a power […]

Germany’s Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday. The deal will further grow Vonovia’s portfolio of residential properties to almost 400,000 flats from around 350,000 now, cementing its position as Germany’s leading property group […]

European stocks are expected to open higher on Monday morning, with sentiment lifted by heightened expectations that U.S. lawmakers could pass a long-awaited tax bill. The FTSE 100 is poised to open up by around 14 points at 7,497; the DAX is seen 76 points higher at 13,181 and the CAC 40 is set to […]

British Prime Minister Theresa May has said that her government is “proving the doubters wrong” after European Union leaders agreed that Brexit negotiations can finally move on to their next phase in the new year. Leaders of the other 27 EU nations gave a boost to May on Friday when they declared that talks over […]

Austria’s conservative leader Sebastian Kurz has brought the far right Freedom Party (FPO) into government, striking a coalition deal he aims to cement with his own party and Austria’s president on Saturday. The deal on Friday propels Heinz-Christian Strache’s FPO into power for the first time in more than a decade, after both the FPO […]

China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect program. In a joint statement on Saturday, coinciding with an official visit to China by British finance minister Philip Hammond, the countries also said they opposed […]

Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe’s largest aerospace firm. The move gives rival Chief Executive Tom Enders a free hand for the rest of what will now be his […]

Siemens‘ businesses will become akin to a “fleet of ships” in order to adapt to the digital age, its chief executive told CNBC on Friday. Since taking over as CEO in 2013, Joe Kaeser has sought to divest several of the firm’s businesses. And while he has reportedly rejected the idea that he is breaking […]

British Prime Minister Theresa May received a round of applause from European leaders on Thursday night, but there remain plenty of hurdles to overcome before the U.K. can leave the European Union (EU). EU leaders are set to formally agree Friday to start the second phase of Brexit negotiations, mainly centered around trade talks. At […]

Fashion retailer H&M said on Friday fewer visitors to its core brand stores weighed on turnover in its fiscal fourth quarter as it reported an unexpected year-on-year drop for the period. Sales in the September-November period shrank 4 percent, or 2 percent in local currencies, to 50.4 billion crowns ($5.97 billion), lagging a mean Reuters […]