The European Union announces plans to revamp merger rules, aiming to lower barriers for large regional firms to compete against major US and Chinese corporations.

The European Central Bank holds key interest rates steady, citing economic uncertainty caused by the ongoing conflict in the Middle East. The bank stated it remains well positioned to manage the current environment.

The European Central Bank announced today that it is maintaining its key interest rates at current levels, citing economic uncertainty stemming from the conflict in the Middle East.

Taiwan's economy grows at its fastest pace since 1987.

Taiwan's economy grows at fastest pace since 1987

Spirit Airlines running out of cash within days; $500M U.S. aid talks stalled, raising risk of shutdown — sources

Spirit Airlines may run out of cash within days, sources tell CBS, raising the risk that the budget carrier could halt operations. Negotiations over a $500 million government aid package have stalled with key creditors yet to agree.

European Central Bank policymakers signal a likely interest rate hike in June, with some officials indicating at least two increases may be necessary depending on the war in Ukraine and oil price trends.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with some officials suggesting at least two increases may be required unless the war ends and oil prices decline.