Shell nears $1 billion sale of South Africa fuel stations to Abu Dhabi oil company unit, sources say. Deal would transfer the energy major's retail network to a Gulf state-owned buyer.

Germany's Axel Springer closes acquisition of Telegraph Media Group in major cross-border media deal

Germany's Axel Springer has completed its acquisition of Telegraph Media Group.

Germany demands €400 billion cut to EU budget, document shows — Berlin calls bloc's spending 'unaffordable' in major fiscal push ahead of budget talks.

Germany demands a €400 billion cut to the 'unaffordable' EU budget, according to a document.

OECD urges France to resume pension reform and link retirement age to life expectancy, citing weak fiscal position. France needs fiscal tightening of about 3% of GDP by 2030; budget deficit seen around 5% of GDP in 2026 with debt still rising.

OECD says France's weak fiscal position needs prompt action, urging Paris to resume pension reform and link retirement age to life expectancy. The OECD estimates France needs fiscal tightening of about 3% of GDP by 2030, with the budget deficit seen around 5% of GDP in 2026 and debt continuing to rise.

Global central banks plan to cut US dollar exposure long-term for first time in three years, think tank says

For the first time in three years, global central banks plan to cut their exposure to the US dollar in the long term, according to a think tank.