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New Saudi Budget Carrier to Commence Flights Next Month

Saudi Arabia's new budget carrier Flyadeal said Thursday it will start flying next month, as the kingdom seeks to expand air services to boost tourism in a radical overhaul of its oil-dependent economy.

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German Business Confidence Stays Strong ahead of Election

German business morale dipped slightly in August but stayed close to last month's all-time high, a closely-watched survey said Friday, adding to a run of good news for Europe's powerhouse economy ahead of a general election.

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Samsung Heir Guilty of Bribery, Sentenced to Five Years Jail

The heir to the Samsung empire was convicted of bribery and other offenses Friday and jailed for five years in connection with the scandal that brought down South Korean president Park Geun-Hye.

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Extreme Weather Slashes French Wine Output by a Fifth

France's wine production is expected to plummet 18 percent this year after spring frost damaged vines across the country, the government said Friday -- but a hot summer is expected to yield a top vintage.

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Stock Markets Mostly Higher as Dealers Brush Off Trump Fear

World stock markets mostly advanced Thursday, with analysts playing down U.S. President Donald Trump's government shutdown threat as they looked ahead to a key central bankers' meeting.

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Baidu Sells Food-Delivery Unit to Alibaba-Backed Ele.me

Alibaba-backed Chinese food delivery firm Ele.me will take over the food delivery unit of search engine giant Baidu in a deal that could be worth up to $800 million, the firm and a report said Thursday.

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Sharp Rise in EU Citizen Departures after Brexit Vote

The number of EU nationals leaving Britain rose sharply to 122,000 people in the 12 months to the end of March in the biggest increase in a decade, after the country voted to leave the European Union.

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Iran Secures 8-Billion Euro Loan from Korea Eximbank

Iran has secured an eight-billion euro credit line from South Korea's Eximbank, the Islamic republic's biggest loan deal since its 2015 nuclear accord, the Iranian central bank announced Thursday.

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Italy Police Seize Eggs, Chickens in Insecticide Scandal

Italy's police said Wednesday that it had seized over 92,000 eggs and 26,000 chickens as part of an investigation into an insecticide scandal that has spread across Europe.

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U.S. Stocks Retreat after Trump Shutdown Threat

Wall Street stocks retreated early Wednesday after President Donald Trump suggested he could shut down the U.S. government if Congress did not fund a border wall with Mexico.

The pullback came after U.S. stocks staged a solid rally Tuesday, in part due to optimism that Trump-related controversies were receding and that long-awaited tax reform could take center stage.

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