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ECB's Vasle sees likely need for further action

Global economic conditions are very complicated, and the European Central Bank will likely have to take more action "in the coming months, quarters and years," ECB governing council member Bostjan Vasle said in an interview aired on Sunday.


Portugal's Cofina reaches deal with Prisa to buy Media Capital

Portuguese publishing group Cofina announced on Saturday that it reached an agreement with Spanish firm Prisa to acquire Media Capital, which operates one of Portugal's biggest TV channels, for an enterprise value of 255 million euros (225.14 million pounds).



France, Germany closing in on arms exports pact

France and Germany said on Thursday they were close to an agreement on how to remove obstacles to exporting weapons manufactured in joint programmes, after French firms called for easing German export restrictions.