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(MENAFN - AFP) India's highest court on Wednesday ordered cigarette manufacturers to comply with controversial new rules requiring bigger health warnings on packets that sparked weeks-long factory shutdowns.

The tobacco industry has taken the government to court, arguing that the directives -- aimed at deterring smokers with graphic images of diseased lungs and mouth tumours ...

 
(MENAFN - AFP) The EU Commission is likely to shoot down Telefonica's blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison on fears it would inflict higher prices on British consumers, a source told AFP on Wednesday.

"We expect European Competition Commissioner Margrethe Vestager to block the sale," said a source close to the matter, indicating that a ...

 
(MENAFN - AFP) Air France-KLM said Wednesday it cut its losses in the first quarter but passenger traffic to Paris was affected by terror attacks, and it warned of a difficult year ahead as it moved to cut French pilots' wages.

The Franco-Dutch group enjoyed lower fuel prices but said this was likely to be offset over the rest of the year by pressure on revenue and by the ...

 
(MENAFN - AFP) Trade between the world's two biggest economies is mutually beneficial, Beijing said Wednesday after presumptive US Republican presidential nominee Donald Trump accused China of "rape".

In the run-up to Tuesday's Indiana primary, where the businessman swept to victory and his last serious challenger Ted Cruz bowed out of the race, Trump told a campaign rally: ...

 
(MENAFN - AFP) The head of Korean Air, who just resigned as the chief organiser of the 2018 Winter Olympics, was sued Wednesday by his carrier's pilots for allegedly demeaning their work.

The airline's pilot union filed a defamation lawsuit with the Seoul district court against Cho Yang-Ho over a Facebook posting the chairman made in March, a Korean Air spokesman said.

Responding ...

 
(MENAFN - AFP) A Chinese court has ruled against Apple in a case it brought against a small maker of "iphone"-branded leather goods, state media reported.

Manufacturer Xintong Tiandi registered the word as a trademark for use on leather goods in 2007 and has been producing wallets, handbags and phone cases emblazoned with it ever since.

Intellectual property rights ...

4 May 2016   World stocks extend retreat 
 
(MENAFN - AFP) European and Asian stock markets extended a global sell-off Wednesday following sharp losses in New York as concerns about weak growth returned.

After a run of gains for equities, traders have been spooked by a string of disappointing data from China to Europe and the United States that has led them to question whether hopes of a nascent recovery were overdone.

However, ...

 
(MENAFN - AFP) The EU's top court on Wednesday ruled that the bloc's new laws on plain tobacco packaging and a ban on menthol cigarettes were legal, rejecting a challenge by tobacco giant Philip Morris and others.

Philip Morris, maker of iconic brands such as Marlboro, and the Polish government had lodged appeals against a tobacco directive adopted by the 28-nation European ...

 
(MENAFN - AFP) India's highest court on Wednesday ordered cigarette manufacturers to comply with controversial new rules requiring bigger health warnings on packets that sparked weeks-long factory shutdowns.

The tobacco industry has taken the government to court, arguing that the directives -- aimed at deterring smokers with graphic images of diseased lungs and mouth tumours ...

 
(MENAFN - AFP) French fashion house Chanel staged its first Latin American catwalk show in newly trendy Havana Tuesday, but ordinary Cubans were left watching the glitz from afar.

International celebrities and Cuban bigwigs graced the red carpet as Karl Lagerfeld showed his latest collection, which the German designer infused with the styles and colors of the Caribbean island.

Cubans ...

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