Poland cuts interest rates as economy slows

WARSAW, Poland — The National Bank of Poland has cut interest rates to a historic low as the economy continues to slow and inflation is below target. The central bank cut its benchmark reference rate to 3 percent from 3.5 percent on Wednesday, surprising...

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Kenya co. turns old sandals into colorful objects

NAIROBI, Kenya — The colorful handmade giraffes, elephants and warthogs made in a Nairobi workshop were once only dirty pieces of rubber cruising the Indian Ocean's currents. Kenya's Ocean Sole sandal recycling company is cleaning the East African country's...

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Germany plans tighter control of managers' pay

BERLIN — The German government plans to give company shareholders a greater say in setting managers' pay — a proposal aimed at curbing perceived corporate excesses along the same lines as a measure approved by voters in neighboring Switzerland earlier...

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Telefonica Q1 profit up despite Latin America dip

MADRID — Spanish telecoms company Telefonica said Wednesday its first-quarter net profit rose 21 percent to 902 million euros ($1.18 billion) despite a fall in revenues in its key Latin American market. The company, which has mobile and fixed-line operations...

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Spain refuses to hand over ex-HSBC worker

MADRID — Spain's National Court on Wednesday ruled against extraditing a former HSBC employee to Switzerland, where he faces charges of stealing and revealing client information. A statement said that the court rejected the charges that Swiss authorities...

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PepsiCo agrees to meet with Till family, Sharpton

NEW YORK — PepsiCo Inc. officials will meet Wednesday with members of Emmett Till's family and the Rev. Al Sharpton. Sharpton continued to press for the meeting last week after the company's partnerships with Lil Wayne and Tyler, the Creator, of Odd...

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T-Mobile US sells 500,000 iPhones in a month

FRANKFURT, Germany — T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday. T-Mobile US, the No. 4 U.S. carrier, said it has sold half a million iPhones since it started...

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UN predicts boom in trade of 'green' products

GENEVA — The U.N.'s environment agency says the global market for low-carbon and environment-friendly goods and services is projected to almost triple to $2.2 trillion by 2020. The U.N. Environment Program says trade in organic food and beverages is...

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Coke takes anti-obesity campaign global

NEW YORK — Coca-Cola says it will make lower-calorie options and clear calorie labeling more widely available around the world, intensifying a push against critics who say its drinks pack on the pounds. The Atlanta-based company, which makes Sprite,...

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AOL shares tumble on weak 1Q results

NEW YORK — AOL Inc. said Wednesday that its first-quarter net income jumped 23 percent, helped by an increase in global advertising revenue. But its adjusted earnings fell short of Wall Street predictions and AOL shares slumped more than 9 percent in...

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