News

Lufthansa (LHAG.DE) pilots began a third straight day of walkouts on Friday, grounding 700 flights as they try to put pressure on management in a protracted row over early retirement benefits and cost cuts.

Japan's tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment accounted for $40 million in payments made in 2010 to an associate of the Philippines' top gambling regulator at that time, people with knowledge of the matter told Reuters.

German financial market watchdog Bafin has imposed a 3.25 million euro ($3.47 million) fine - the regulator's largest ever - on investment manager BlackRock for publishing faulty corporate voting rights disclosures.