Bloomberg Swatch Group AG Chief Executive Officer Nick Hayek forecast sales growth to accelerate through the rest of the year as wholesalers stock up on watches and local demand for timepieces improves in markets from China to Switzerland and France. A stronger euro also should boost profitability at the maker of Omega and Breguet timepieces, Hayek said. “We’ve seen the …

Bloomberg Amazon.com Inc. is in the European Union’s cross hairs because its rapid expansion may have been fueled by tax measures that slashed its costs, according to the EU official spearheading a state-aid probe into the online giant. Gert-Jan Koopman, whose department at the European Commission was responsible for slapping Apple Inc. with a $15.6 billion tax repayment order last …

KHOBAR / Reuters Saudi Arabia is expected to launch a tender process for its first nuclear reactors as early as next month and will reach out to potential vendors from countries including South Korea, France and China, industry sources said. The world’s top oil exporter wants to start construction next year on two plants with a total capacity of up …