Business
Latest stories
Eurozone Inflation Still Negative

Eurozone inflation remained in negative territory in May, the Eurostat statistics agency said Tuesday in a first estimate.

Consumer prices fell 0.1 percent in May after slipping 0.2 in April, the agency said.

W140 Full Story
Oil Mixed as Traders await China Data, OPEC Meeting

Oil prices were mixed on Tuesday as investors awaited manufacturing data from China ahead of an OPEC meeting on production caps.

Volumes were thin after Wall Street and London's financial markets were closed on Monday.

W140 Full Story
Moscow's Fourth International Airport Opens despite Downturn

Moscow's fourth international airport Zhukovsky officially opened Monday, but public transport problems and the economic recession put a damper on celebrations.

W140 Full Story
Big Airline LATAM Suspends Flights to Venezuela

Latin America's biggest airline LATAM said Monday it will suspend its flights to crisis-hit Venezuela for an indefinite period, following a similar move by German carrier Lufthansa.

W140 Full Story
Kuwait Signs $4.4-bn Airport Project with Turkish Firm

Kuwait's Public Works Minister Ali al-Omair Monday signed a $4.4-billion (3.9-billion-euro) contract with Turkish firm Limak Construction for a new airport terminal that will more than triple passenger capacity.

The new terminal, due to be completed in six years, will raise capacity at Kuwait's only airport to 25 million passengers annually from around seven million now, the minister said.

W140 Full Story
Air France Pilots Vote for June Strike Action

Air France pilots voted overwhelmingly Monday for what could be extended strike action in June, their union said, casting another shadow over France's hosting of Euro 2016.

The SNPL, the main pilots' union, told AFP its members had voted by 68 percent for a strike of more than six days in protest at cuts to their wages.

W140 Full Story
Paris Tourism Hit by Attacks, Protests

Already suffering from the impact of last year's jihadist attacks, tourism in Paris faces a fresh challenge from the recent wave of violent strikes and protests, tourism bosses warned on Monday.

Hotel bookings by Japanese visitors were down 56 percent in the first quarter of the year compared to the same period in 2015, while Russians were down by 35 percent, the city's tourist board said.

W140 Full Story
First Sale for Newly Approved Israeli Gas Project

The U.S.-led consortium leading the development of Israel's offshore gas reserves has announced its first sales deal since a reworked agreement on a key offshore field was given the go-ahead.

The consortium, led by U.S. firm Noble Energy, Sunday announced a $3-billion deal to supply 13 billion cubic metres of natural gas from the Leviathan field to a power plant in southern Israel over the next 18 years.

W140 Full Story
France Set for Transport Strike Chaos

France is bracing for a week of severe disruption to transport after unions called for more action in their bitter standoff with the Socialist government over its labor market reforms.

W140 Full Story
Bid to Sell Kuwait's Top Food Firm Fails

A bid by a group of Gulf investors to purchase a majority stake of Kuwait's top food company and a regional leader, Americana, has failed, an official statement said Sunday.

"No final agreement has been reached," said Al-Khair National for Stocks and Real Estate, which manages billions of dollars of stocks held by the Kharafi family, Kuwait's wealthiest merchant family, which wanted to sell its 69-percent stake in Americana.

W140 Full Story