Europe

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  • Deutsche Bank CEO: Q2 profits ‘nowhere near good enough’

    FRANKFURT, Germany (AP) — Deutsche Bank’s net profit rose in the second quarter, but legal expenses stemming from investigations of the bank’s past conduct also increased and the bank’s new co-CEO said its financial performance…

  • Drug firm AstraZeneca reports slide in earnings

    LONDON (AP) — Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales. Revenue declined 6.7 percent to $6.31 billion as stomach-acid treatment…

  • Lower oil prices push Italian oil company Eni to 2Q loss

    MILAN (AP) — Italian oil and gas company Eni says it lost 113 million euros ($124 million) in the second quarter due to a sharp decline in oil prices. Eni said Thursday that the loss…

  • Royal Bank of Scotland reports rise in 2nd quarter profits

    LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says second-quarter net income rose 27 percent to 293 million pounds ($458 million) as the British government prepares to sell its stake. Bailed out by the British…

  • Shell reports drop in Q2 profit to $3.9 billion

    LONDON (AP) — Oil giant Royal Dutch Shell says second-quarter net income fell 25 percent to $3.9 billion as the prolonged impact of lower crude prices continues to hurt the bottom line. Shell also announced…

  • Sanofi reports higher profit in 2nd quarter

    PARIS (AP) — Drugmaker Sanofi has reported a sharp rise in profits in the second quarter as higher sales from its Cambridge, Mass.-based biotech unit Genzyme helped offset by cuts in the price of the…

  • Siemens net profit flat after restructuring charges

    FRANKFURT, Germany (AP) — Germany’s Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas…

  • Drachma revolt adds unease to Greece’s awkward alliance

    ATHENS, Greece (AP) — Prime Minister Alexis Tsipras’ power-sharing acrobatics look harder to perform by the day. Opposition parties are propping up his left-wing government long enough to negotiate a new bailout and keep the…

  • France deploys riot police to bolster Calais security

    CALAIS, France (AP) — The young Afghan has tried every single day for three months to get into the railway tunnel in Calais leading to England and what he hopes will be a better life.…

  • French, German tank makers sign tie-up agreement

    PARIS (AP) — French and German executives from two of Europe’s leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense…

  • Hungary says fence to stop migrants will be done by Aug. 31

    BUDAPEST, Hungary (AP) — The construction of a fence meant to stop the flow of immigrants and refugees entering Hungary through its southern border with Serbia will be completed by Aug. 31, the Hungarian government…

  • Russia formally declares US foundation ‘undesirable’

    MOSCOW (AP) — Russia has formally declared the United States’ National Endowment for Democracy as an undesirable group hostile to national interests. The Justice Ministry’s decision Wednesday means the non-governmental organization will be prevented from…

  • Turkish deputy PM in new sexist gaffe

    ANKARA, Turkey (AP) — Women legislators are demanding that Turkey’s deputy prime minister offers an apology for telling a legislator that she should be quiet because she is a woman. Bulent Arinc told an opposition…

  • Upstart Corbyn made favorite in UK Labour leadership race

    LONDON (AP) — One of Britain’s biggest unions has backed left-wing contender Jeremy Corbyn to lead Britain’s opposition Labour Party, and a major bookmaker has made the former outsider odds-on favorite to win the contest.…

  • Rome’s hot summer: corruption, breakdowns run city to ground

    ROME (AP) — Pope Francis has declared a Jubilee Year for Rome. But the Eternal City will need a miracle to find anything to feel jubilant about. Just when Rome needs to be at its…