Business articles

Movies draw record $38.6 bn at box office in 2016: MPAA

The global box office for films took in a record $38.6 billion last year, industry figures showed Wednesday, although receipts outside North America declined for the first time in 12 years as the Chinese market slowed.

Deutsche Bahn names new CEO after shock walkout

German rail giant Deutsche Bahn on Wednesday named finance director Richard Lutz as its new chief executive, replacing a boss who quit unexpectedly after contract talks broke down.

Brexit banks fleeing London must commit to EU: ECB

Banks moving from London to European Union financial centres as Britain quits the bloc will not be given an easy ride by regulators, the European Central Bank’s top supervisor warned Wednesday.