Geely Holding Group's Swedish unit Volvo Cars says it is going to hire 600 workers at its plants in Sweden and Belgium as it ramps up production of some of its latest car models thanks to strong demand.
Economic confidence in the eurozone dropped slightly in May while remained broadly unchanged in the 27-member European Union (EU), the European Commission said on Friday.
The Group of Eight leaders agreed on Friday that the global economy recovery was becoming more "self-sustained", although higher commodity prices were hampering further growth.
EBay and its online payment unit PayPal Inc on Thursday filed suit against Google Inc and two executives for trade secret misappropriation related to mobile payment systems.
Venezuela formalized plans on Thursday to launch its second satellite from China next year to help the government improve mapping and more accurately estimate agricultural harvests.
Canada will tighten its federal budget,including cutting government subsidies to political parties, Canadian Finance Minister Jim Flaherty said Wednesday.
Swiss bank UBS is planning to separate its investment bank and incorporate it outside of Switzerland to placate regulators, the Wall Street Journal reported on Thursday.
Influential hedge fund manager David Einhorn has called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the world's largest software company's leader is stuck in the past.
Oil prices inched higher to near $102 a barrel Thursday in Asia amid a weaker dollar and mixed signs about US crude demand heading into the summer driving season.
European companies said China is an increasingly important "strategic market," according to an annual business confidence survey released by the European Union Chamber of Commerce in China on Wednesday.
The Organization for Economic Cooperation and Development kept its forecast for the growth in global output in 2011 unchanged at 4.2 percent
A single auto engine parts maker shook South Korea's auto industry. One of the country's auto parts makers went on strike on May 18, resulting in suspended production of some models in top automaker Hyundai Motor and its affiliate Kia Motors.
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