Business articles

Global music sales grow robustly for second year

Music sales rose 5.9 percent in 2016 to mark the second straight year of solid growth on the back of a rapid expansion in streaming, the global industry body said Tuesday.

German DAX stock market index hits new all-time high

Germany’s blue-chip share index, the DAX, hit an all-time high Monday, as stock markets across Europe reacted with relief to pro-business French presidential candidate Emmanuel Macron’s first-round success.

Nigeria cracks down on illicit oil refineries

Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta -— the unmistakable sign of an illicit oil refinery.

US judge orders VW to pay $2.8 bln criminal penalty

A US judge on Friday sentenced Volkswagen to pay a $2.8 billion criminal penalty in the diesel emissions cheating scandal, in line with a deal struck between the automaker and the US government.

Greece beats primary surplus target for 2016

Greece on Friday said it logged a primary surplus of 3.9 percent in 2016, nearly eight times higher than a key target agreed in its economic bailout and debt relief talks.

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