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Deutsche Bank Blames US Tax Reforms for 2017 Loss

Germany's biggest lender Deutsche Bank said Friday that Donald Trump's tax reforms in the US pushed it into the red in 2017. 

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Freed Saudi Billionaire Remains Chairman of Kingdom Holding

Riyadh-listed Kingdom Holding confirmed on Thursday that billionaire Prince Al-Waleed bin Talal remained its chairman, brushing aside speculation that he had forfeited control following his detention in an anti-corruption crackdown.

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Ferrari Races to New Records in 2017

Ferrari said Thursday that 2017 was "another record year" for the Italian luxury car maker, as it is raced into the pole position for increased profitability and output again this year and a further reduction in its debt.

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Tourism to Spain Hits New Record despite Catalonia Uncertainty

Spain welcomed a record number of foreign visitors for a fifth straight year in 2017, despite a double-digit drop in arrivals at the end of the year in crisis-hit Catalonia, official data showed Thursday.

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Ice, Ice Baby: Unilever Posts Rising 2017 Profits

Food and consumer products giant Unilever Thursday posted soaring 2017 profits of 6.5 billion euros ($8.05 billion), after a year of "major change" when it spurned a Kraft Heinz takeover bid.

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Nokia Widens Losses in 2017

Nokia said Thursday that its net loss widened in 2017, but that underlying profits improved, enabling the Finnish mobile phone maker to raise its forecasts for the coming years as operators prepare to roll out new lightning-fast 5G technology. 

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Eurozone Unemployment Holds at Nine-Year Low

Europe's economic recovery remains on track, with eurozone unemployment staying at its lowest level since January 2009, but inflation remains stubbornly low, official figures showed Wednesday.

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Kuwait to Spend $500 bn on Oil Projects by 2040

OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday.

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France Clocks Up Fastest Growth in Six Years

The French economy notched up its fastest growth in six years in 2017, expanding by 1.9 percent, the national statistics institute INSEE calculated on Tuesday. 

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Eurozone Economy Growth Hits Highest in Decade

Growth in the eurozone shot up in 2017, putting Europe at the center of a global recovery and on par with levels last seen before the financial crisis a decade ago, official data said Tuesday.

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