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Business - Oil price declines weigh on European markets

Mixed results from the continent`s banking sector and losses in the mining sector pushed the pan-European STOXX 600 index down 0.6 percent. The losses came after oil prices fell more than 1 percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about oversupply. `The recent drop in oil prices is partially responsible but also indices continue to struggle for momentum as they attempt to break above their recent highs,` said Craig Erlam, senior market analyst at OANDA.

Wednesday, October 26, 2016  10:23


Business - Oil prices drop as concerns over global fuel glut re-emerge

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent crude futures were down 61 cents, or 1.20 percent, at $50.18 a barrel as of 0417 GMT. `Crude is on the defensive this morning following American Petroleum Institute (API) inventory numbers showing a rise of 4.8 million barrels against an expected rise of 1.7 million,` said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore.

Wednesday, October 26, 2016  05:39


Africa - From Kenyan slums to Europe`s catwalks

The tailors from the Kenyan slum of Kibera whose suits are now being shown on the catwalks of Europe.

Wednesday, October 26, 2016  00:09


Europe - Jews leave France in record numbers

New data from Israel shows that a record number of French Jews have left France in the twelve months since the Charlie Hebdo attacks.

Wednesday, October 26, 2016  03:31


World - Trump rips Obamacare, Clinton as rivals blitz Florida

With just two weeks before the November 8 election, polls showed Democrat Clinton -- who is vying to become America`s first female president -- dominating nationally and looking for a resounding mandate to govern the bitterly divided country. Early voting began in Florida on Monday, an urgent reminder that candidates have little time left to make their case in the country`s third most populous state, one with a wide mix of constituencies, including numerous retirees, Latinos and Bible Belt whites. The Republican nominee, determined to ride out the controversies hobbling his campaign, made a pitch to Florida`s elderly voters by assailing a sharp rise in health insurance premiums expected next year under President Barack Obama`s signature health care reform.

Wednesday, October 26, 2016  03:13


Technology - Ask Matt: Has Apple peaked?

Apple is showing the danger of being a one-trick pony when everyone already owns a pony.

Wednesday, October 26, 2016  00:26


Business - Exclusive: Slim in talks with Spanish firms for bid on $3.5 billion Mexico airport terminal - sources

MEXICO CITY/MADRID (Reuters) - Tycoon Carlos Slim`s construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion (2.87 billion pounds) Mexico City airport terminal project, five people familiar with the matter said. Carso Infraestructura y Construccion, part of Slim`s Grupo Carso, is hashing out a deal to form the consortium, which would include three other Mexican companies - all its partners from a winning bid for one of the airport`s runways, four of the people said in recent days, speaking on condition of anonymity. The bid for the terminal, hot on the heels of Carso`s runway bid, shows how Slim, Mexico`s wealthiest man, is aggressively moving to boost his construction business as his telecoms arm America Movil is squeezed by increased competition and regulation.

Tuesday, October 25, 2016  23:49


World - Economic gender parity nearly two centuries off, WEF finds

By Brenna Hughes Neghaiwi ZURICH (Reuters) - Progress in closing the global workplace gender gap is slowing dramatically, according to a World Economic Forum study, with a notable exception in Rwanda, a country still emerging from the aftermath of genocide that has become the world`s leader on equal pay. `Progress towards parity in the key economic pillar has slowed dramatically with the gap now larger than at any point since 2008,` WEF said when releasing its 2016 Global Gender Report on Wednesday. While high-income countries showed the narrowest gender gaps, low-income countries on average performed just as well as their upper-middle-income peers.

Tuesday, October 25, 2016  23:06


Sports - LeBron triple leads Cavaliers romp in season bow

LeBron James notched a triple-double as the Cleveland Cavaliers launched the defence of their National Basketball Association crown with a 117-88 blowout of the New York Knicks on Tuesday. Kyrie Irving topscored with 29 points but NBA Finals MVP James stole the show with 19 points, 11 rebounds and 14 assists on a night when the Cavs were formally presented with their 2015-2016 championship rings. James was de facto master of ceremonies before the tip-off as the Cavs hoisted the championship banner from their epic 2015-2016 season, which culminated in the historic comeback victory over Golden State in the finals in June.

Wednesday, October 26, 2016  04:04


NBA - J.R. Smith put on a show during Cavs` ring ceremony

Welcome back, J.R.

Wednesday, October 26, 2016  00:58

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