German industrial group Siemens plans an initial public offering of its healthcare unit, expected to value the business at up to 40 billion euros ($47 billion), in the first half of 2018, it said in a statement on Thursday. The trains-to-turbines group wants Healthineers to have its own currency for acquisitions and investments as the […]

Three people being taken to stand trial in a Moscow court were shot dead after they tried to grab side-arms from court security officers and escape, Russian law enforcement officials said on Tuesday. Five defendants were in a lift in the Moscow regional court building when they tried to seize the weapons from the officers […]

A driver in the United Kingdom has destroyed his Ferrari supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. It’s unclear […]

Spain’s economy is heading in a “very good direction” and is set to grow more than the European Union, the CFO of the Spanish lender Bankia told CNBC on Thursday. The retail bank beat analysts’ expectations when reporting second quarter profits Wednesday of 210 million euros ($244 million). Analysts had forecast a net profit of […]

Europe’s Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320 neo hit interim earnings. The world’s second largest plane maker after Boeing stuck to its financial targets and production plans, but suggested reaching its 2017 delivery target depended essentially on deliveries […]

Say “disruptive start-up,” and most people will think of Uber or Airbnb. Anthony Scaramucci thinks of the United States of America. The White House’s newly installed communications director likened the U.S. to some of the world’s most formidable corporates Wednesday, saying it’s a nation intent on treading its own path. “This nation is a disruptive […]

The chief executive of Deutsche Bank has defended the bank’s mixed bag of results as markets reacted negatively to lower-than-expected second-quarter revenues. Speaking to CNBC on Thursday as Deutsche Bank’s shares traded around 3 percent lower, Chief Executive John Cryan said that the market reaction was “largely driven by the composition of our results” but […]

The Bank of England (BoE) has criticized complacent lenders after growing levels of personal debt have put the U.K. economy at risk of another economic downturn. The central bank’s financial stability director said banks, credit card companies and car loan providers risked slipping into a “spiral of complacency” by assuming risks to the U.K. economy […]

Allegations of industry collusion between Germany’s car manufacturing industry is not likely to spill over into a major global legal threat, Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. German news magazine, Der Spiegel, reported Friday that Volkswagen, Audi, BMW, Porsche and Daimler may have been engaged in an […]

The U.S. House of Representatives is expected to pass a bill on Tuesday which will make it harder for President Donald Trump to ease sanctions on Russia without approval from Congress. The bill comes after a rare show of unity between congressional Republicans and Democrats and signifies another blow to Trump’s hopes for a rapprochement […]