Italy's GTECH to buy IGT for $6.4 Billion

GTECH, Italy's lottery operator, said it will buy Las Vegas-based slot machine maker International Game Technology (IGT) for $4.

Google Launches Venture Capital Fund to Invest EU Tech Companies

Google will be launching a $100 million (£58 million) venture capital fund to invest in promising European technology companies.

Whirlpool Enters into Agreements to Acquire Majority Interest in Indesit

Whirlpool Corporation (NYSE: WHR) and Fineldo S.

White Rose CCS Project Secures Crucial EU Funding

The UK's carbon capture and storage (CCS) industry is celebrating today after the European Commission confirmed it is to award up to €300m to the proposed White Rose CCS project in Yorkshire.

Germany to Adopt Minimum Wage

Germany has introduced a national minimum wage, which has been long resisted by conservatives who say it will make industries uncompetitive, but which is hoped will help the poor and stimulate demand.

European Corporate Earnings Set to Boom

European companies are set to see almost 18 percent growth in their second-quarter earnings, compared to the same period last year, new data has shown, CNBC news reports.

Helvetia Agrees to Buy Nationale Suisse for $2 Billion

Helvetia Holding AG (HELN) agreed to buy a majority stake in Nationale Suisse (NATN) in a transaction valuing the company at about 1.

Eurostat Reveals Eurozone Unemployment Falls, But Pace Slows

Unemployment in the eurozone continued to fall in May, but at a slower pace, raising fears that a fragile economic recovery in the single currency bloc could be stalling.

La Compagnie Airline To Sell Business-Class Seats for Economy Prices

A brand new French boutique carrier company, named La Compagnie, is striving to 'democratise' business-class by offering business-class seats for economy prices.

EU Becomes World's Top Food Exporter

A report from the European Commission on the global farming market has revealed that the EU has beaten the US and become the world's top exporter of agricultural and food products.

Shire Rejects Takeover Offer from AbbVie

FTSE 100 pharmaceutical company Shire has rejected a takeover bid from US-based AbbVie.

Huawei Signs Benchmark Deal with Euler Hermes

Euler Hermes, the global leader in trade credit insurance, and Huawei, a leading global ICT solutions provider, announced an agreement to cover the trade receivables for Huawei's consumer device business in Europe.

Lidl on course to become Europe's Biggest Grocery Retailer

The company behind the Lidl supermarket chain is set to become western Europe's biggest grocery retailer by 2018 as discounters become mainstream across the continent.

Europe's Tech Sector Creates 30 $1 Billion-plus Businesses Since 2003

Europe has produced 30 technology companies worth more than $1 billion (£590m) since the millennium, according to research that explodes the myth that the region's internet entrepreneurs lack vision and sell up too early; The Guardian reports.

Medtronic to Buy Covidien

The world's biggest medical devices maker (in terms of sales), Medtronic, will buy Ireland-based rival Covidien in a US $42.

Future Demand for Natural Gas Uncertain in Europe

A high price relative to coal and increasing use of renewable energy make future demand for natural gas especially uncertain in Europe, according to an analyst at the Oxford Institute of Energy Studies, London.

Crossrail Project London Begins New Docklands Tunnel Drive

Crossrail is a £14.

World Environment Day

Yesterday, June 5th, was World Environment Day (WED).

GlaxoSmithKline Strikes Deal with UK Firm Developing Cancer Treatments

Adaptimmune, which develops cell therapies to help the body fight cancer, said that the deal could net $350m (£209m) over seven years, excluding royalties.