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(MENAFN - AFP) Benefits promised by Greece's new radical leftist government to support those who have fallen into poverty as the country carries out EU-IMF imposed reforms will be paid beginning in June, an official said Tuesday.

Some 30,000 households will receive between 70 and 220 euros ($75 to $235) a month to support their housing costs, while 300,000 will receive a ...

 
(MENAFN - AFP) The International Monetary Fund said Tuesday that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

While the plunge in oil prices has mostly been positive for world output growth, currency and capital market volatility, geopolitical crises and inadequate investment and reform for ...

 
(MENAFN - AFP) Fueled by the popularity of streaming, digital music has matched and will likely soon surpass physical formats in the money it generates, a global industry group said Tuesday.

The IFPI, the London-based body for the recording business, described the boom in streaming services as good news for the industry even though overall revenue still slipped in 2014.

For ...

 
(MENAFN - AFP) JPMorgan Chase's quarterly earnings rose Tuesday on better investment banking and trading results and higher overall revenues.

Net income for the first quarter was $5.9 billion, up 12.2 percent from the year-ago period.

The results, which topped analyst expectations, were a positive start to a series of earnings reports from large banks this week, including ...

 
(MENAFN - AFP) Europe's main stock markets diverged Tuesday after news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent.

Frankfurt's DAX 30 index ended the day down 0.90 percent to 12,227.60 points, while the CAC 40 in Paris fell back 0.69 percent to 5,218.06 points.

London's benchmark FTSE 100 index however edged up ...

 
(MENAFN - AFP) Sluggish economies and global conflicts are taking their toll on world commerce, the World Trade Organization said Tuesday, slashing its trade growth outlook for 2015.

"For trade growth it is important that you have certain elements present in the global economy (including) stability, predictability, and those things are not there right now," WTO chief Roberto ...

 
(MENAFN - AFP) Turkey's central bank on Tuesday said it would consider measures to support the embattled lira as the currency tumbled to a new low in value against the dollar, pressured by domestic jitters ahead of June 7 elections.

The lira hit the new record low in value against the dollar of 2.68 to the greenback but rallied somewhat following the statement from the central ...

 
(MENAFN - AFP) Russian investigators on Tuesday launched a probe into suspected "lascivious actions" after an online video showing teenage girls at a dance school suggestively shaking their behinds was viewed millions of times.

The YouTube video, called "Winnie-the-Pooh and the bees", shows a group of girls in striped orange leotards and short black wrap skirts performing ...

 
(MENAFN - AFP) When pregnant women develop gestational diabetes early in pregnancy, their children may face a higher risk of developing autism, researchers said Tuesday.

While the findings in the Journal of the American Medical Association (JAMA) does not prove that diabetes in pregnancy causes autism, researchers said their findings highlight a link that deserves further ...

 
(MENAFN - AFP) Growth in emerging markets will slow for a fifth consecutive year, the IMF said Tuesday, as exchange rate swings and oil prices plunge, and China's economic growth slows.

The International Monetary Fund said Tuesday it expected the emerging markets to post growth of 4.3 percent in 2015, down from 4.6 percent in 2014 and 5.0 percent in 2013.

"In emerging ...

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