Unilever has agreed to buy cosmetics firm Carver Korea for 2.27 billion euros ($2.71 billion) from Goldman Sachs, Bain Capital and the company’s founder as it expands its beauty and personal care business. The Anglo-Dutch company announced the deal on Monday, saying Carver was the fastest-growing skincare business in South Korea, through sales of its […]

In the aftermath of the German election, there could be one important casualty for markets. Wolfgang Schaeuble, the German Finance minister, could soon lose his influence on Germany and the euro zone if coalition talks remove him from his key ministry. Schaeuble became the face of austerity and had a determinant role in bailout programs […]

European stocks are set to open lower Monday morning as investors digest election results out of Germany, where the nationalist Alternative for Germany (AfD) won parliamentary seats for the first time. The FTSE 100 is expected to open lower by 5 points at 7,300; the German DAX is seen down by 7 points at 12,589 […]

The new leader of the Five Star Movement (M5S) party in Italy told CNBC that he would welcome support from rivals in a coalition after next year’s election, but added that he wouldn’t give away cabinet seats to receive the necessary backing. The 31-year-old Luigi Di Maio was appointed at the party conference this weekend […]

The euro slipped in early Asian trading on Monday after Germany’s election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. The euro was trading down 0.4 percent at $1.1906 and looked set to test support around $1.1860 as liquidity picked up through the session. Merkel […]

An exit poll on Sunday evening showed that Angela Merkel’s conservative bloc will be the largest party in the next German parliament, but early indications point to a worse-than-expected majority for the German chancellor. Merkel’s center-right Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU) won 32.5 percent of the vote, […]

Six people were believed to have been injured on Saturday after a group of males reportedly sprayed a noxious substance in an area around a large shopping center in east London, police said. The incident near the Westfield shopping center in Stratford was not being treated as terror-related, a police spokesman said. “A number of […]

Britain’s government said on Friday that a decision by ratings agency Moody’s to downgrade the country’s credit rating was based on an “outdated” assessment of its plans to leave the European Union. Moody’s lowered Britain’s sovereign credit rating to ‘Aa2’ with a stable outlook from ‘Aa1.’ “The assessments made about Brexit in this report are […]

U.K. Prime Minister Theresa May has asked for a “creative and practical” solution for the country’s exit from the European Union at a speech on Friday. Speaking to an audience in Florence, Italy, May said that the U.K.’s future partnership with the EU cannot be like the European Economic Area – where goods, services and […]

British police said on Friday they had charged an 18-year-old man with attempted murder in connection with last week’s bomb attack at Parsons Green station in London. The Metropolitan police also charged Ahmed Hassan, 18, of Sunbury, Surrey, southern England, with explosive offences. He will appear at Westminster Magistrates Court at 1300 GMT on Friday. […]