German industrial group Siemens is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada’s Bombardier, two sources familiar with the matter told Reuters. The three major train and rail technology groups active in Europe have been looking at combining their businesses as larger Chinese state-backed rival […]

European stocks are expected to open lower on Tuesday morning on rising tensions between North Korea and the United States. The FTSE 100 is seen down by 3 points at 7,304; the DAX is set to start off by 12 points at 12,580 and the CAC 40 is expected to open lower by 1 point […]

A former member of Chancellor Angela Merkel‘s government said Monday he’s concerned about the rise of the far-right Alternative for Germany party, which has secured a place in the Bundestag for the first time. “It is a movement. It is a protest movement,” said Karl-Theodor zu Guttenberg, who served as economics minister and then defense […]

It could be said that the underlying winner of Germany’s election Sunday was ultimately the Alternative for Germany (AfD) party, which saw the largest increase in voter share of all of the country’s main political parties. In fact, while the anti-immigrant, anti-euro party saw a 7.9 percentage point increase from the last election in 2013 […]

Berliners voted to keep the historic Tegel airport open even after a new international hub is completed, creating a headache for the German capital’s government, which wanted it closed. Tegel sprang up in just 90 days in 1948 to support the Berlin Airlift, a huge operation to ship supplies and thwart a Cold War Soviet […]

The European Central Bank is becoming more confident that inflation will rise back to its target but the euro zone still requires substantial stimulus, ECB President Mario Draghi said on Monday. The medium term outlook is also clouded by uncertainty, including from the recent volatility in the euro’s exchange rate, Draghi told the European Parliament’s […]

Uber Chief Executive Dara Khosrowshahi admitted the firm “got things wrong” Monday in a plea to London after the ride-hailing app was stripped of its license to operate in Britain’s capital city. “While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the […]

The future seems a little more uncertain for the euro following the outcome of the German election. The common currency has been under pressure since markets opened Monday after provisional results showed a weakened Angela Merkel and a surging far-right Alternative for Germany (AfD) party that gained its first seats in parliament. The currency fell […]

Uber’s chief executive apologized on Monday for the taxi app’s mistakes in London and promised to change as the firm fights a decision by the city not to renew its license. On Friday, the British capital’s transport regulator deemed Uber unfit to run a taxi service and decided not to renew its license to operate, […]

British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat. The funding values the business at more than $2 billion and will allow Deliveroo to enter new markets, enlarge […]