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Draghi gets ECB backing for unlimited bond-buying


The European Central Bank agreed on Thursday to launch a new and potentially unlimited bond-buying programme to lower struggling eurozone countries' borrowing costs and draw a line under the debt cris

Mario Draghi to deliver bond plan at crunch ECB meeting


European Central Bank chief Mario Draghi faces the most decisive moment of his presidency on Thursday when he tries to heal divisions among policymakers and deliver on his promise to save the euro.


Adidas sees fresh start for Reebok India in 2013


German sportswear maker Adidas said it does not expect any major deviation from the 70 million euros in restructuring charges it has already flagged as the cost of dealing with 'commercial irregularit

GM's Opel, labour in talks to shut Bochum plant


General Motors' ailing European unit Opel aims to strike a deal with labour unions to close the Bochum plant after production of the Zafira Tourer van ends in exchange for guaranteeing German jobs thr

Lufthansa reveals 3,500 job cuts in draconian cost-saving


German airline Lufthansa said on Thursday that it intended to shed 3,500 administrative jobs in the next few years as part of a radical cost-cutting programme.

The unprecedentedly steep cuts were int

German carmaker BMW drives to record profits in 2011


German top-of-the-range carmaker BMW said on Thursday it powered ahead to new records in unit sales, revenues and profits in 2011 and expected to continue to grow again this year.

BMW said in a state

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.