Business News

A weekend that may prove to be a calm before the storm has arrived. "The Amazing Spider-Man 2" spins its web next weekend in North America, so now it is for the current three-time champ to ride it out or lose the title, finally.

"Captain America: The Winter Soldier" has, once again, topped the box office for its third consecutive win. It has proven a worthy winner as it continues to beat back its competition.

It is Holy Week, which ends with Easter and the box office doesn't always play in to that as much as it once did. But, "Heaven Is For Real" got an early jump on the weekend while "Transcendence" enters Friday.

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

London - Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.

Frankfurt - RWE, Germany's second-biggest power supplier, said on Tuesday it will start gas deliveries to Ukraine as Russia threatens to cut off supplies to Kiev.

Stockholm - Swedish ball bearing manufacturer SKF, a barometer of global manufacturing, returned to profit in the first quarter of 2014, the company said on Tuesday citing rising sales.

Frankfurt - RWE, Germany's second-biggest power supplier, said on Tuesday it will start gas deliveries to Ukraine as Russia threatens to cut off the country's supplies.

Frankfurt - The German economy, Europe's biggest, is currently in the middle of a "solid upturn", the government said Tuesday, even if concerns about the fallout from Ukraine are souring investor confidence.

London - Diageo launched on Tuesday a new $1.9-billion offer to take control of Indian whisky maker United Spirits as the British drinks giant chases expansion in emerging markets.The doubled offer worth 1.