
Flaming Ferraris recalled

Ferrari is recalling more than 1,240 of its cars because of a risk they could burst into flames.

East European companies face slowdown

"We expect manufacturers to come under increasing pressure into 2011" says emerging-markets economist Oxley.

German banks set to pass stress test - bank sources

German banks are on track to pass the European stress test, several people close to the banks said, citing preliminary results, and would be therefore unlikely to need immediate recapitalisation.

Signs euro zone crisis may have turned corner

It's too early to call the end of the euro zone crisis, but signs are growing that Europe may have turned a corner in its struggle to restore financial stability.

European bank tests put focus on capital hikes

European finance ministers will shift their focus next week onto a possible need for their banks to raise more capital and on who will cover any shortfalls exposed by stress tests -- a sum which Credit Suisse estimated could reach 90 billion euros ($114 billion).

Financial firms boost salaries, cut bonuses - survey

U.S. and European financial firms have cut back on cash bonuses, moving instead to higher base salaries, a survey released on Wednesday showed.

Renault-Nissan, Bajaj sign pact for new car

Renault-Nissan Alliance(RENA.PA) (7201.T) and Bajaj Auto(BAJA.BO) on Thursday signed an agreement to manufacture an ultra low-cost car to be sold in India and other emerging markets.

Apple boasts 1.7 mln iPhone 4 sales

Apple Inc had sold 1.7 million units of the iPhone 4 by Saturday June 26, its most successful product launch yet, the company said on Monday.

Govt frees up petrol prices, hikes other fuels

The government freed up state-subsidised petrol prices and raised the prices of other fuels as pressure to trim a budget deficit outweighed concerns about the political impact.

China sales to boost Audi over one million

Volkswagen’s Audi division has said it will sell more than one million cars this year and beat its previously announced earnings targets.

Europeans feeling poorer

Three quarters of Europeans on average believe that poverty has increased in their country over the past year. The ratio of those who say it is a constant struggle to pay household bills is one in six.

Russia Belarus gas dispute over

Fears of gas supply cuts to Europe from Russia have been eased after Moscow resumed the flow of gas to Belarus.