Universal's Grainge wins unlikely backing Universal's Grainge wins unlikely backingFour of Europe's largest independent labels and distributors back the EMI deal, but others fear Vivendi will gain unprecedented market power
Spain's borrowing costs hit near euro-era highs Spain's borrowing costs hit near euro-era highsSingle currency falls to its lowest against the greenback since June 2010 after ECB says it will stop accepting Greek sovereign bonds and other assets
Libor casts shadow over swaps ball Libor casts shadow over swaps ballOn October 5, derivatives traders from across Europe will gather for the annual “swaps ball” but this year the event may be a little less upbeat
Brussels investigates UPS-TNT deal Brussels investigates UPS-TNT dealEU launches an in-depth investigation into the €5.2bn takeover bid, citing concern about a ‘very high combined market share' for parcel services
Gene therapy wins Europe approval Gene therapy wins Europe approvalThe drug Glybera, a treatment for a rare genetic disease which will cost more than €1m per patient, will be the most expensive medicine on the planet
Bank bailout fails to ease Spain concern Bank bailout fails to ease Spain concernApproval of aid to Spanish banks comes as bond yields rise above 7.1 per cent and finance minister downgrades GDP forecast for 2013
Heineken / APB – Time, please Heineken / APB – Time, pleaseAfter owning half of Asia Pacific Breweries for 80 years, the brewer has decided it wants the rest. But is it too late to make a move?
Spain utilities say tax will kill profits Spain utilities say tax will kill profitsThe chairmen of Iberdrola, Gas Natural and Endesa have begun a round of last-minute lobbying by requesting an urgent meeting with the prime minister
Lévy lays ground for Publicis successor Lévy lays ground for Publicis successorThe impending depature of Maurice Lévy from the French advertising agency will bring to an end a career spanning over 40 years at the company
Europe's banks stage US retreat Europe's banks stage US retreatHoldings have tumbled by $540bn from a $1.51tn peak in September 2007 amid bank failures, asset writedowns and the sale of loans and businesses
Nokia in Windows talks with operators Nokia in Windows talks with operatorsFinnish handset maker in talks with groups over forming an exclusive opportunity to launch a smartphone using the Windows 8 platform from Microsoft
BP defends Reliance deal against critics BP defends Reliance deal against criticsGroup denies claims it may have overpaid for a $7.2bn oil and gas investment in July last year and insists people must focus on the longer term