Assuring India’s commitment to pursue economic reforms, finance minister P. Chidambaram has said government will cut fiscal and current account deficits to help economy return to the 8 per cent growth path.

German light bulb maker Osram, which is soon to be spun off by its parent, engineering giant Siemens, said on Friday it is planning to cut costs by 1.0 billion euros ($1.3 billion) by 2015.

As part o

Pop superstars Justin Bieber and Taylor Swift dominated the 19th annual MTV Europe Music Awards Sunday, but South Korean Internet phenomenon Psy clinched the coveted Best Video prize.

Adidas slashed its 2015 sales target for its struggling Reebok brand to 2 billion euros from 3 billion euros after losing a major American football contract and fraud was discovered at its Indian oper

Germany players should not be judged on whether or not they sing the national anthem before matches, coach Joachim Loew said Monday as he hit back at criticism over his team's Euro 2012 performance.

The European Central Bank turned up the heat on Greece on Friday ahead of a review of its bailout programme, saying it would stop accepting Greek bonds and other collateral used by Greek banks to tap ECB funding, at least until after the review.

The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating eurozone economy and complement measures agreed by government leaders last we

German auto giant Daimler said on Friday that its Japanese truck unit Fuso has agreed to cooperate with rival Nissan in the area of light trucks.

"Fuso is expanding its business with light-duty truck

Germany's top airline, Lufthansa, announced plans to shed 3,500 administrative jobs as part of a radical cost-cutting programme amid soaring jet fuel prices and stiff competition.

The unprecedented c

German automaker BMW said on Thursday that the first quarter of this year was its best ever, surprising with an 18.1 per cent rise in net profits on a 12-month comparison to 1.35 billion euros ($1.8 b