European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the EU executive’s spring economic forecasts during a news conference at the EU Commission headquarters in Brussels. Photograph: Yves Herman/Reuters

Ireland has re-emerged as one of Europe’s top performers but high debt levels continue to pose an “uncertainty”, according to the European Commission.(...)

Graffiti covers the shopping windows of closed shops, as a pedestrian walks past, in Athens, Greece. Euro-area officials were sceptical that a technical agreement would be reached by Wednesday.  Photograph: Kostas Tsironis/Bloomberg

Talks between Greece and its international creditors gained urgency as the two sides remained apart on key elements of the country’s bailout agenda af(...)

David Wildstein, former executive of the  Port Authority of New York and New Jersey, is to plead guilty to charges stemming from the ‘Bridgegate’ scandal. Mr Wildstein is a close ally of New Jersey governor  Chris Christie, who is expected to run for the Republican presidential nomination. Photograph: Mike Segar/Reuters

A close ally of Chris Christie, the New Jersey governor whom many expect to run for the Republican presidential nomination, has told a federal judge t(...)

A masked protester runs away from a water cannon’s jet during clashes with police in Okmeydani neighbourhood in Istanbul, Turkey. Istanbul went into a security lockdown on Friday as thousands of police manned barricades and closed streets to stop May Day rallies at Taksim Square, a symbolic point for protests. Photograph: Kemal Aslan/Reuters

Turkish police locked down large areas of downtown Istanbul and authorities shut public transport to prevent demonstrations on the International Worke(...)

Lloyds Banking , Britain’s biggest mortgage lender, said it will exceed its lending profitability target after first-quarter earnings beat analyst est(...)

Image of the week: Well-oiled campaign UK business minister Jo Swinson (who is standing for re-election for the Liberal Democrats) and Miriam G(...)

“There’s not a lot of forgiveness for technology companies right now,” says analyst as Yelp reports first quarter loss.

Yelp, the operator of user-review websites, fell to its lowest intraday level since 2013 after the company’s profit and sales forecast missed analyst(...)

The Bloomberg Consumer Comfort Index fell to 44.7 in the period ending April 26th, the third consecutive drop, from 45.4 the prior week. Picture: Getty Images.

Consumer confidence declined to a six-week low as Americans took a less favorable view of their finances and the slowdowns at factories and oilfields (...)

Bayer cited the strengthening of most major currencies against the euro, including the US dollar, Chinese yuan and Swiss franc, for better outlook.  Picture: Bloomberg

Bayer raised its full-year forecast for profit and sales, citing “much more favorable” foreign exchange rates. The company’s earnings before interest,(...)

The carrier has cut more than 7,500 jobs over three years as part of an overhaul aimed at making it more competitive with Deutsche Lufthansa, IAG’s British Airways and Gulf carriers such as Emirates. Picture: Reuters.

Air France-KLM narrowed its first- quarter loss as the passenger count rose and its fuel bill dropped. The airline has said it will keep negotiating w(...)