European investigators began questioning high-profile witnesses in Lebanon as part of a probe into Central Bank Governor Riad Salameh's wealth, a judicial official told AFP Monday.

France, Germany and Luxembourg in March seized assets worth 120 million euros ($130 million) in a move linked to a probe by French investigators into 72-year-old Salameh's personal wealth.

Bank of America's fourth-quarter profits rose slightly from a year ago, as higher credit costs and potentially bad loans more than offset the bank's sharp rise in interest revenue.

The Charlotte, North Carolina-based bank said Friday that it earned a profit of $7.13 billion, or 85 cents a share in the three months ended Dec. 31, compared to a profit of $7.01 billion, or 82 cents a share, in the same period a year earlier. The results were better than analysts' forecast of a profit of roughly 77 cents per share, according to FactSet.

The German economy appears to have stagnated in the fourth quarter, the national statistics office said Friday, while Europe's biggest economy managed full-year growth of 1.9% — slowing somewhat from 2021 as the impact of Russia's war in Ukraine weighed on its performance.

Germany releases a preliminary full-year gross domestic product figure before full December economic data is available, and an official fourth-quarter number isn't due for a few weeks yet.

Caretaker Labor Minister Mustafa Bayram announced Friday that it has been decided to approve a hike of an LBP 1.9 million on the wages of the private sector and to increase the transportation allowance from LBP 95,000 to LBP 125,000.

The decision was taken in a meeting for the country’s Consumer Price Index Committee.

The United Arab Emirates has picked the head of its national oil company as president of this year's COP28 climate talks, prompting criticism from environmental activists.

Ericsson said Thursday it had earmarked $220 million to cover potential U.S. fines over suspected bribes to the Islamic State group in Iraq, a case that has weighed over the Swedish telecoms group for months.

Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the company is struggling with self-inflicted problems.

Peltz's attempt to join Disney's board comes just months after the company brought back longtime CEO Bob Iger to lead Disney again. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Parker, who also serves as executive chairman at Nike Inc., succeeds Susan Arnold, who won't stand for re-election due to Disney's 15-year term limit requirements.

Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.

Inflation eased to 6.5% in December compared with 12 months earlier, the government said Thursday. It was the sixth straight year-over-year slowdown. On a monthly basis, prices actually slipped 0.1% from November to December, the first such drop since May 2020.

Unions representing French oil workers on Thursday called for strikes against President Emmanuel Macron's pension reforms, threatening a repeat of the refinery and depot closures that caused chaos for motorists last year.

The walkouts planned for January 19 and 26 and February 6 would include "shutdowns of refinery installations if necessary," said Eric Sellini, national coordinator of the CGT union federation at energy giant TotalEnergies.

The Egyptian pound was trading Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement.

The devaluation, representing a drop of around 50 percent against the dollar over the 10-month period, comes as the price of imported food and other goods is soaring in the country of 104 million.