The new compensation, which will be shelled out in stages between 2014 and 2017, will benefit almost 56,000 people around the world -- about one-third of them currently resident in Israel.
The European Commission still wants Germany to overturn a law giving Lower Saxony a veto power over Volkswagen's management.
The OECD Wednesday downgraded its global economic growth forecast for the year. Even so, the U.S. is buoying developed-world growth.
U.S. stocks were set to open lower on Wednesday following a record showing on Tuesday.
Conor Brady, the former editor of the Irish Times, wants Google Inc. (NASDAQ:GOOG) to help bail out the country’s ailing newspaper industry.
A JCPenney billboard advertising a tea pot has sparked controversy over an alleged resemblance to Hitler.
Osaka Mayor Toru Hashimoto issued a statement to the media clarifying his comments about Japan's use of "comfort girls," or sex slaves, during World War II.
Upcoming federal elections have local politicians throwing their weight behind unions.
Brussels wants to impose a tariff on Chinese solar panels, but 15 European Union members oppose the plan.
U.S. stock futures pointed to a higher open Tues., buoyed by Asia's and Europe's solid upside day.
Bayern Munich look to overcome recent failures when they take on Borussia Dortmund in the Champions League final.
Li Keqiang seems have to scored big in Switzerland with the signing of a bilateral free trade agreement on Friday.
One year from now, Western troops will be gone -- and with them, most of the economy. Afghans are trying to fill the void.
New Jersey Gov. Chris Christie celebrated the reopening of the Jersey Shore for the first time after Superstorm Sandy.
U.S. stock index futures point to a lower open on Friday, as investors tread cautiously ahead of durable-goods orders data, and a volatile day of trading in world markets.
A new ruling gives the government-backed bishops conference control over appointees, vs. the Vatican, further dividing the nation's Catholics.
Mario Gotze may be injured, but there remains plenty of intrigue in Saturday’s Champions League final.
She's still 53 spots behind Angela Merkel on Forbes Most Power Women list, but Peng is ascending fast.
The party's leader said his goal is a Hezbollah-like party, which is in effect a second government that provides social services.
Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.
German software company SAP hopes to employ more than 600 people with autism spectrum disorder by 2020.
Italy, Spain, Portugal and Greece's account balances are heading toward pre-crisis levels, thanks to improved trade imbalances.