Bloomberg German chemicals firm Bayer said on Monday it would not introduce genetically modified crops in Europe after its gigantic takeover of US seed and pesticide producer Monsanto. “We aren’t taking over Monsanto to establish GM plants in Europe,” chief executive Werner Baumann told the Sueddeutsche Zeitung newspaper. “Some people think it might be easier for us than for ...

  Berlin / AFP Booming exports pumped up Germany’s trade surplus in August, as calls grow for Europe’s largest economy to use the cash it brings in to nurture growth. Firms exported 102.3 billion euros ($114.3 billion) of goods in August 2016 adjusting for seasonal and calendar effects, the federal statistics office Destatis said. That was an increase of 5.4 ...

  Istanbul / AFP President Vladimir Putin on Monday said non-OPEC member Russia was ready to work with the cartel in imposing measures to limit oil production, in comments that propelled the price of crude to its highest levels in a year. Eyes have turned to Russia, the world’s top oil producer alongside Saudi Arabia, to see if it will ...