Business Blog

The country has some of the most liberal marijuana laws but some of the toughest on cigarettes, prompting legal action from Philip Morris

Abbott government accused of pursuing ideological agenda after Tasmania state administration throws out deal struck between conservationists and the logging industry to end decades of protest

The Co-op Group is set to see its 30% stake in the Co-op Bank reduced further under a plan to raise £400m to shore-up the bank's finances.

Cutting VAT on home refurbishment would tempt people away from paying builders cash-in-hand, the NFB claims.

China plans to release a national water pollution plan this year, as it becomes more open about the damages wrought by decades of unchecked development

* FTSEurofirst 300 retreats from highs hit on Thursday* Telefonica falls after Q1 profits miss forecasts* Prospect of new ECB stimulus keeps some traders bullishBy Sudip Kar-GuptaLONDON, May 9 (Reuters) - European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica TEF.MC sobered the mood after a rally on the previous day.The pan-European FTSEurofir