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(MENAFN - AFP) Air France's main pilots' union on Monday rejected what management had described as their "last offer" to end a costly week-long strike, dashing hopes of a breakthrough.

The management offer to freeze development of the airline's low-cost subsidiary that sparked the strike "is nothing but a smoke screen that offers no more guarantees than previous offers and ...

(MENAFN - AFP) Europe's main stock markets diverged on Monday, with London dragged down by losses to heavyweight mining shares and a fresh profit warning from supermarket group Tesco, Britain's biggest retailer.

On the upside, shares in Merck KGaA jumped 7.0 percent to 74.45 euros after the German pharmaceutical maker said it was buying US speciality chemicals firm Sigma-Aldrich ...

(MENAFN - AFP) Apple said Monday it sold more than 10 million of its new iPhone models globally in the opening weekend of record sales of the bigger-screen version of its smartphone.

"Sales for iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn't be happier," said Apple chief executive Tim Cook, adding that "we could have sold many ...

(MENAFN - AFP) German pharmaceuticals maker Merck KGaA said Monday it was buying US speciality chemicals firm Sigma-Aldrich for 13.1 billion euros ($17 billion).

Merck said in a statement that it aimed to establish "one of the leading players in the $130 billion global life science industry" through the purchase.

The German company has agreed with Sigma-Aldrich to pay ...

(MENAFN - AFP) Global oil prices fell Monday on the back of the strong dollar and plentiful supplies, on the eve of key manufacturing data from China, the world's top energy consumer.

Brent North Sea crude for delivery in November slid 72 cents to stand at $97.67 a barrel in London deals.

US benchmark West Texas Intermediate for October lost 43 cents to $91.98 a barrel.

"The ...

(MENAFN - AFP) French flag carrier Air France on Monday offered to freeze the expansion of its low-cost operation in a bid to end the longest strike at the airline since 1998.

As the strike entered its second week, management said it would halt the development of its leisure subsidiary Transavia until December, unions said, raising hopes of an end to the crisis.

Air ...

(MENAFN - AFP) Four Amazon shipping centres in Germany were the target of fresh walkouts on Monday in a long-running wage dispute with the US online retail giant.

Services sector union Verdi has called for stoppages until Tuesday at Amazon's facilities in Leipzig, Bad Hersfeld, Rheinberg and Graben.

Figures for the overall participation were not yet available but between ...

(MENAFN - AFP) Norway's Cermaq recommended Monday shareholders accept a $1.4 billion cash bid unveiled by Mitsubishi that would create the world's second largest salmon farming company.

The Japanese group has offered to pay 8.88 billion Norwegian kroner ($1.4 billion, 1.1 billion euros) for the entire share capital of semi-state owned Cermaq.

The Norwegian state -- ...

(MENAFN - AFP) Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday.

The Bank of Japan must do more "beyond 2015" to support the world's number three economy, said Rintaro Tamaki, deputy secretary general of the Organisation for Economic ...

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