Swiss voters appear to have rejected a proposal to limit executives’ pay to 12 times that of junior employees, a measure that would have gone further than any other developed nation.

Europe’s largest engineering company Siemens will axe 15,000 jobs globally to help rescue a cost-cutting programme that cost the previous CEO his job.

THE European Central Bank (ECB) said it will lend banks €111.2 billion for six days to help them cope with the expiry of its landmark 12-month loan.

BOSTON SCIENTIFIC, last year’s overall winner of Engineer’s Ireland lifelong learning award, is shortlisted for this year’s prize.

Ruhrgas AG, Germany's largest gas provider, is to pay roughly €400m for ABB Metering, a unit of ABB Ltd, reported tomorrow's edition of the Westdeutsche Allgemeine Zeitung, citing stock market sources.