Philips underlying 2018 profit higher after lighting sale

Dutch electronics giant Philips said Tuesday its 2018 headline earnings plunged more than 40 percent, reflecting the disposal of its lighting business, but underlying profit rose while sales were steady.

First challenge for Renault's new chiefs: Ghosn's payout

Carlos Ghosn may no longer be in the driver's seat at Renault, but he will remain at the centre of vigorous negotiations in the coming weeks over severance pay potentially worth tens of millions of euros.

Security staff to strike at Frankfurt airport Tuesday

German travellers face fresh upheaval on Tuesday when security staff at Frankfurt airport, the nation's largest, are set to walk off the job in a battle for better pay that has already caused hundreds of flight cancellations.

More belt-tightening at VW to fund electric new start

German car giant Volkswagen said Thursday it is looking for three billion euros ($3.8 billion) in new savings to help fund its pivot towards electric vehicles, adding that it could not rule out job cuts.

Facebook to pay 100m in Italian fiscal accord

Social media giant Facebook has agreed to pay more than 100 million euros ($114 million) to end a fiscal fraud dispute, Italian tax authorities said Thursday.

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