Ex-employees as well as some current managers of Commerzbank are being held as suspects for a case of tax evasion which is estimated of being as much as “$47 million”. As a result, the German officials have visited their offices as well as private homes. On Friday, prosecutors searched the offices...

While many proposals have called for the government to sell its stake in Deutsche Telekom and utilise the proceeds thereof for upgrading its broadband infrastructure, Merkel’s party is confident that Germany’s economy is strong enough to support a separate 5G network, in addition to its fibre-optic...

Debates about the long-term sustainability of Greece's debt will begin after the country's creditors review its reforms, Greek Prime Minister Alexis Tsipras said. Tsipras told lawmakers from his left party that negotiations with creditors are proceeding well. Earlier, the government stated that...

While regulators plan on changing the scandal-plagued Libor by the end of 2021, given its strategic nature and the fact that it is deeply embedded into global finance, measures taken by lenders are bordering on the verge of legality, warned two asset managers from Franklin Templeton. Franklin...

The National Aeronautics and Space Administration (NASA) of the United States and Uber Technologies Inc. on Wednesday signed an agreement on the joint development of a project of flying taxis on electric traction. As Uber stated in a message, tests of a new model of movement around the city will...

People in Asia are thriftier than in other regions of the world, and this is one of the most established views about the global economy. This belief is based on a culture associated with the self-discipline of Confucianism, history (memory of deprivation) and public policy (an unreliable social...

Director of the Institute for Digital Currency Research at the People's Bank of China said that the central bank should issue its own crypto currency in the shortest time and that this project is of paramount importance, South China Morning Post writes. Director of the Institute for Digital...

Jerome Powell will become the new head of the Federal Reserve System (FRS) of the US. President of the United States Donald Trump promised to surprise everyone with his choice, but apparently he decided not to risk on such an important issue. The US President announced his decision in the Rose...

The comments come in the wake of the central bank having to manage the consequences of Brexit, including stoking inflation, whose widespread ramifications weren't mapped out during the historic referendum. On Friday, Ben Broadbent, the deputy governor of the Bank of England said the central bank...