Greek finance minister quits to smooth talks after thunderous 'No'

ATHENS/FRANKFURT - Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. | Video

Recent Business News

RSA to appeal employment tribunal decision in favour of former Irish CEO

LONDON - British insurer RSA said on Monday it would appeal an Irish employment appeals tribunal decision in favour of former Irish chief executive Philip Smith.

2:42pm BST

Austria files lawsuit against EU Commission over UK nuclear plant

VIENNA - Austria launched legal action on Monday against the European Commission over its backing of British plans for the 16 billion pound development of the Hinkley Point nuclear power plant, Chancellor Werner Faymann said.

Nuclear Power 2:20pm BST

Stemcor in deal with buyout firm Apollo that 'secures its future'

LONDON - Debt-laden steel trader Stemcor, one of the UK’s largest private companies, has agreed a deal with U.S. distressed investment fund Apollo and with its other lenders that "secures its future", Stemcor said on Monday.

1:48pm BST

Strikes loom after talks between Lufthansa and pilots fail

FRANKFURT - Talks between Lufthansa and pilots' union Vereinigung Cockpit on entering mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday.

2:18pm BST

Renault launches Talisman, replacing laggard Laguna

CHANTILLY, France - French carmaker Renault on Monday launched its new Talisman model, replacing the Laguna at the top of its private passenger vehicle range in the hope it will do better against the German competition.

2:32pm BST
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