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German survey props up European shares

LONDON - Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood.

Recent Business News

Tesco scraps profit outlook as accounting black hole deepens

LONDON - Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.

5:36am EDT

Europe's banks face moment of truth from ECB review

LONDON/FRANKFURT - At around noon on Thursday, the euro zone's 130 biggest banks will receive the European Central Bank's final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

6:02am EDT

Nissan recalling 260,000 vehicles globally with Takata air bags

TOKYO - Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.

Buffett copycats risk a pounding as Berkshire portfolio suffers

NEW YORK - It's not been a good time for Warren Buffett wannabes.

1:25am EDT

Pilots propose talks with Lufthansa over pay, retirement benefits

FRANKFURT - German pilots' union Vereinigung Cockpit (VC) has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes during the negotiations.

6:38am EDT

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