Alcatel at fault for problems, says chief

Alcatel at fault for problems, says chief

Ben Verwaayen tells FT that equipment maker was ‘too optimistic' on targets and must overhaul itself to compete in a smaller, less predictable market

Commerzbank to fall short in second quarter

Commerzbank to fall short in second quarter

Lender to take hit from €286m in charges after offloading 96 per cent stake in Ukraine's Bank Forum to Ukrainian Smart Group

Navalny charged with large-scale embezzlement

Navalny charged with large-scale embezzlement

Leading Russian opposition leader Alexei Navalny calls charge ‘absurd' and claims prosecutors have changed previous accusation

UBS updates Facebook status

UBS updates Facebook status

Swiss bank's SFr349m loss incurred as a result of Nasdaq's problems handling social network's listing is far greater than insiders expected
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