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Germany Pockets 2.9 Billion Euros from Greece Bailouts

Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, a government report seen by AFP showed Thursday.

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Saudi Bourse Joins MSCI Emerging Market Index

The Saudi stock exchange, Tadawul, has been upgraded to the status of an emerging market by global index provider MSCI, a step expected to lure billions of dollars in foreign investments.

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Burger King Pulls World Cup Ad Promoting Sex with Players

Burger King has apologized for an online ad offering burgers to Russian women who get impregnated by football players during the World Cup the country is hosting until July 15.

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EU Counter-Tariffs against US Come into Effect on Friday

A raft of retaliatory tariffs from the European Union against stiff metals duties imposed by US President Donald Trump will come into effect on Friday, a top EU official said.

From blue jeans to motorbikes and whiskey, the EU's hit-list of products targeted for tariffs with the US reads like a long list of emblematic American exports.

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Clashes at Libya Oil Ports Cut Output by Nearly Half

Clashes between rival groups in Libya's key oil export ports have caused output to drop by nearly half, the head of the National Oil Company said on Wednesday. 

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Moon Suggests Russian Gas Be Piped to Koreas, Japan

New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested Wednesday.

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Iran Says Trump to Blame for High Oil Prices

Iran's oil minister on Tuesday said his country would resist unwinding a landmark OPEC agreement to cap oil production, and blamed U.S. President Donald Trump for pushing up crude prices.

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Visa Says over 5 Million Payments Affected by June Outage

Payment systems giant Visa said Tuesday that a massive technical glitch earlier this month had affected 5.2 million card transactions, almost half of which were in Britain.

Visa, revealing the details in a letter to a British parliamentary committee that is probing the matter, said the "rare" disruption prevented many cardholders form making payments in Europe for 10 hours on Friday June 1.

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Pace of U.S. Home Construction Hits 11-Year High

A surge of construction in the Midwestern United States last month brought American homebuilding to its fastest pace since before the financial crisis, according to government data released Tuesday.

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Most French Firms 'Won't Be Able to Stay' in Iran, Says Minister

Most French companies hoping to keep doing business in Iran after the US imposes new sanctions on the country will find it impossible to do so, Finance Minister Bruno Le Maire said Tuesday.

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