Swiss food giant Nestle said Wednesday it has finalized the sale of its skincare business to a group led by Swedish private equity firm EQT and the Abu Dhabi Investment Authority. 

Britain quitting the European Union without a deal on October 31 would deal a harsh blow to Germany's already stuttering economy in 2020, leading think-tanks said in Berlin Wednesday.

Strife-torn Hong Kong has suffered a record slump in retail sales, data showed Wednesday, as the city reels from four months of increasingly violent pro-democracy protests.

European stock markets tumbled on Wednesday after worse-than-expected U.S. data revived worries about the impact of the trade war on the global economy.

The European Union warned Washington on Tuesday that the bloc would retaliate if the U.S. slaps tariffs against EU exports, as a 15-year long Airbus-Boeing row neared its climax.

Boeing continues to target the fourth quarter for regulatory approval to return the 737 MAX to service after two deadly crashes, a spokesman said Tuesday. 

The French arm of the bankrupt British tour operator Thomas Cook said Tuesday that a commercial court had placed it in receivership, and that "several serious candidates" had already shown interest in buying the company.

The bank used by a Swiss NGO operating in Cuba has refused to handle any more transfers to Havana over fears of US sanctions, a concern replicated across the international financial system when dealing with the communist-run island.

Fitch Ratings on Monday downgraded Saudi Arabia's credit rating by one notch, citing "rising geopolitical and military tensions in the Gulf region" after unprecedented attacks on Saudi oil facilities.

Turkey's tourism minister said Friday he was unconcerned by the collapse of British tour operator Thomas Cook as he unveiled ambitious plans to make the country one of the world's top holiday destinations.