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(MENAFN - AFP) The US economy added a solid 223,000 net new jobs in June, the Labor Department said Thursday in a mixed report on the jobs market.

The unemployment rate fell to 5.3 percent, the lowest level since April 2008, but job creation numbers for the previous two months were revised significantly lower, and there was no upward movement on wages.

Data from the ...

 
(MENAFN - AFP) Spain's conservative government raised its growth forecast on Thursday for both this year and next, as official data showed registered unemployment fell for the fifth straight month in June.

Prime Minister Mariano Rajoy said his government, which is facing a year-end general election, now sees growth of 3.3 percent in 2015 and of three percent in 2016.

The ...

 
(MENAFN - AFP) Greece's radical left government said Thursday it may resign if it fails to win a referendum that could decide the country's financial future.

Greek Finance Minister Yannis Varoufakis said the government "may very well" quit if the public went against it in Sunday's plebiscite and voted for more austerity in return for international bailout funds.

"We ...

 
(MENAFN - AFP) Al-Qaeda in the Arabian Peninsula has stepped up its campaign to stamp out use of the mild narcotic qat in a Yemeni city it controls, announcing hefty fines for traffickers.

Chewing wads of the evergreen herb has a stimulant effect similar to drinking numerous cups of strong coffee, and it is part of the social fabric of Yemen.

But a month after AQAP ...

 
(MENAFN - AFP) A French appeals court on Thursday found German safety standards body TUV had "fulfilled its obligations" in certifying breast implants that were found to be faulty and sparked a worldwide scare.

The ruling overturns a decision by a lower French court in 2013 which had found TUV liable and ordered it to pay millions of euros in compensation to distributors ...

 
(MENAFN - AFP) The US economy added 223,000 net new jobs in June, the Labor Department said Thursday in a mixed report on the jobs market.

The unemployment rate fell to 5.3 percent, the lowest level since April 2008, but job creation numbers for the previous two months were revised significantly lower, and there was no upward movement on wages.

Data from the volatile ...

 
(MENAFN - AFP) Greece's Prime Minister Alexis Tsipras said Thursday his country would remain united after the upcoming referendum, rejecting concerns the vote on bailout measures is splitting the country in two.

"The day after the referendum, we will be united" to overcome "the temporary difficulty" Greece faces, he said three days before a plebiscite which European leaders ...

 
(MENAFN - AFP) Eurogroup chief Jeroen Dijsselbloem warned Thursday that Greece's financial situation is deteriorating, saying a 'No' vote in Sunday's crunch referendum would question whether Athens still had a place within the eurozone.

"The situation is only getting worse, due to Greek government's behaviour," Dijsselbloem, who is also Dutch finance minister, told a parliamentary ...

 
(MENAFN - AFP) Write down, write off, restructure, reprofile...whatever term you choose, if Greece doesn't completely default on its debt, its creditors will have to address the issue of its massive debt.

Sunday's referendum is being framed by many as being about whether or not Greece stays in the eurozone, but debt is the underlying issue.

At over 300 billion euros ...

 
(MENAFN - AFP) Germany has scrapped plans to tax its oldest and dirtiest coal-fired power plants after fierce opposition from unions and operators, Economy Minister Sigmar Gabriel said Thursday.

Instead it will shutter some of the old coal plants in coming years and keep them on stand-by during power shortfalls, as it increasingly relies on renewable energy to meet its climate ...

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