Bloomberg The world’s biggest natural gas exporter isn’t too concerned about a global glut that will probably last another five years. Gazprom PJSC is counting on falling European output to boost flows to a record and cement its 30 percent market share, Deputy Chief Executive Officer Alexander Medvedev, 60, said in an interview. After crude’s 35 percent slide last …

  Paris, France / AFP Sales of cars in the European Union surged by 16 percent in May compared to a year earlier, continuing a 33-month rise and nearing pre-recession levels, manufacturers said Thursday. A total of 1.29 million new cars were sold in the 28-nation bloc, a tally close to that of May 2008, the European Automobile Manufacturers Association (EAMA) …

  Vilnius, Lithuania / AFP The European Commission is expected to launch legal action against France over its application of the national minimum wage to foreign truck drivers, a top EU official said. Brussels will send a formal letter launching the procedure “in a few hours”, said Elzbieta Bienkowska, the EU’s internal market chief. “From the single market perspective it raises …