Alphabet unit Google will treat its shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines. The European Commission slapped a record $2.8 billion fine against the […]

Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout and resume normal financing operations. The country has been surviving on rescue funds since 2010 and is anxious to draw a line under its bailout phase next year. The government […]

Digital companies in the European Union pay in tax less than half the amount paid by traditional firms, the European Commission said in a draft report which backs plans to increase the tax bill of firms like Amazon or Facebook. In the report to be adopted on Thursday, the Commission says the best solution to […]

Almost 2 billion data records around the world were lost or stolen by cyberattacks in the first half of 2017, according to the latest findings by digital security provider Gemalto, and the number of breaches reported by companies looks set to rise. The impact of security breaches is also harming the share prices of affected […]

Artificial Intelligence (AI) can now accurately identify a person’s sexual orientation by analyzing photos of their face, according to new research. The Stanford University study, which is set to be published in the Journal of Personality and Social Psychology and was first reported in The Economist, found that machines had a far superior “gaydar” when […]

European markets were set to open mixed on Friday morning, as investors tracked a massive storm nearing the U.S. while the dollar skidded against the euro after comments from European Central Bank (ECB) President Mario Draghi. Britain’s FTSE 100 is seen 1 point lower at 7,391; the German DAX is also expected to open down […]

Russian President Vladimir Putin urged the international community to hold fresh talks to try to resolve the North Korean crisis on Wednesday, warning that progress would be “impossible” without a commitment to dialogue. “It is clear that it is impossible to resolve the problem of the Korean Peninsula only by sanctions and pressure,” Putin told […]

Italy’s finance minister delivered an upbeat tone on his country’s banking sector but highlighted that major hurdles still remain in the euro zone, including in Germany. Germany might be the known as the powerhouse of the euro zone economy but it has its own banking problems to deal with, Pier Carlo Padoan told CNBC on […]

Greece wants nothing more than to avoid another bailout — which means it needs debt relief. And so far, that’s the sticking point. “There is now light at the end of the tunnel,” Greek Finance Minister Euclid Tsakalotos said hopefully in June. After months of wrangling, the European Union and International Monetary Fund had just […]

German police say they have seized thousands of tablets of the party drug ecstasy in the shape of Donald Trump’s head, a haul with an estimated street value of 39,000 euros ($45,900 U.S. dollars.) Police in Osnabrueck, in northwestern Germany, say they found the drugs while checking an Austrian-registered car on the A30 highway on […]