FRANKFURT (Reuters) - The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for its assets.
BERLIN (Reuters) - Chancellor Angela Merkel’s support for collective lawsuits could force Volkswagen (VOWG_p.DE) to offer to compensate owners of diesel cars in Germany as it has done in the United States over manipulated emissions tests.
GENEVA/PARIS (Reuters) - The World Trade Organization delivered a setback to the European Union in a long-running trade row with the United States over aircraft subsidies on Monday, reversing a ruling that Boeing had received prohibited support for its newest jet.
DHAKA (Reuters) - Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila.
ZURICH (Reuters) - Novartis (NOVN.S) CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth.