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Air France unveils Joon - the 'millenials' airline

PARIS -- Air France on Thursday unveiled a new lower-cost subsidiary called Joon that will specifically target well-travelled millenials.A new medium-haul service will begin operating from Charles de ...

Updated : 2017.07.20 20:37

Trian's Peltz seeks a seat on board at Procter & Gamble

NEW YORK -- Activist investor Nelson Peltz is attempting to secure a seat on the board at Procter & Gamble, seeking faster changes at the consumer products company.Peltz's Trian Fund Management LP, which owns about $3.3 billion worth of shares at Procter & Gamble, said Monday that it's int...

Updated : 2017.07.17 21:45

EU charges Teva over delaying cheap sleep drug

European Union regulators on Monday filed antitrust charges against Israeli drug-maker Teva for colluding to delay a cheaper generic version of modafinil, a blockbuster sleep drug.The European Commission said in a statement that it had informed Teva of its "preliminary view" that an agreem...

Updated : 2017.07.17 20:24

China defends imports of North Korean iron ore

China defended Thursday its purchase of iron ore from North Korea following criticism by US President Donald Trump and said it is "strictly and earnestly'' complying with U.N. sanctions.China stopped importing North Korean coal but total trade has risen, which prompted Trump to complain la...

Updated : 2017.07.13 21:01

Apple to invest $900mn in Danish data plant

STOCKHOLM -- Apple on Monday said it would invest six billion Danish kroner ($920 million, 810 million euros) in a data centre in Denmark, its second in the country to run entirely on clean energy.Ground-breaking at the plant in Aabenraa, which will employ between 50 and 100 people, will s...

Updated : 2017.07.10 20:53

[Graphic News] Car production in Asian countries

In Asia, the biggest motor vehicle production plants are in China, Japan, India and South Korea. China, however, captures a bigger slice of the global market share in auto production than any other As...

Updated : 2017.07.10 17:43

Chinese Nobel laureate Liu Xiaobo's health deteriorates

BEIJING (AFP) -- Fears about the health of China's cancer-stricken Nobel laureate Liu Xiaobo rose on Thursday as the hospital treating him said the liver function of the country's most prominent democracy advocate had deteriorated.Friends voiced concerns that Liu, 61, is now near death aft...

Updated : 2017.07.06 22:20

Japan, EU seal landmark trade deal in challenge to Trump

BRUSSELS (AFP) -- Japanese Prime Minister Shinzo Abe and top EU officials agreed Thursday to the broad outline of a landmark trade deal, presented as a direct challenge to the protectionism championed by US President Donald Trump.The breakthrough capped four years of talks and came on the ...

Updated : 2017.07.06 22:19

Airbus announces China order of 140 planes for $22.8 bn

BERLIN (AFP) - Airbus said Wednesday it had won a major order from China of 140 planes for $22.8 billion, during a visit by President Xi Jinping to Berlin.The European aircraft maker said it had sealed the agreement with China Aviation Supplies Holding Company (CAS), which chief executive ...

Updated : 2017.07.05 21:21

[Graphic News] 10 years of iPhone

Apple's iPhone celebrates its 10th anniversary this week. Ten years after the iPhone debuted on June 29, 2007, the smartphone that started it all is still going strong. The iPhone has changed the way ...

Updated : 2017.06.29 17:57

Yellen: No new financial crisis in 'our lifetimes’

LONDON -- Federal Reserve Chair Janet Yellen relayed her hope that another repeat of the financial crisis will not occur "in our lifetimes."Addressing an audience at the British Academy in London on T...

Updated : 2017.06.28 18:04

China insurance mogul said unable to work, reported detained

BEIJING (AP) -- The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman has turned over his duties to other executives following a report he was detained by regulators amid accusations of possible financial misconduct.Anbang Insurance Group Ltd. Chai...

Updated : 2017.06.14 19:45

Trump sued over business benefits

WASHINGTON (AFP) -- Maryland and Washington sued President Donald Trump Monday, saying he is violating laws by raking in money from foreign governments and businesses at his luxury hotels and office t...

Updated : 2017.06.13 15:17

[Graphic News] China top Asian country in hydropower production

Hydroelectric power is China’s largest renewable energy source and its second overall, trailing only coal. The country is adding more new installed hydropower capacity than the rest of the Asia combi...

Updated : 2017.06.11 18:15

ECB hints at end to easy money policy

The European Central Bank on Thursday signalled greater confidence in the eurozone economy, as it took what analysts describe as a tentative step towards an exit from its easy-money policy.Policymakers meeting in Estonian capital Tallinn decided to keep the bank's main refinancing rate at ...

Updated : 2017.06.08 21:49