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(MENAFN - AFP) The weak eurozone economy poses a key threat to global growth, the OECD warned Tuesday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession.

Forcing the two major European economies to meet the EU's tough deficit criteria "would likely depress activity further and even risk tipping the euro area ...

 
(MENAFN - AFP) Spain's Santander, the biggest bank in Europe by market value, on Tuesday named Jose Antonio Alvarez its new chief executive in a reshuffle after longtime chairman Emilio Botin died.

The bank's chief financial officer for the past decade, Alvarez was promoted to the top management post to replace Javier Marin after his two years in the job, the bank said in ...

 
(MENAFN - AFP) Leading Dutch bank ING on Tuesday announced it will slash 1,700 local jobs over the next three years, as it upgraded its automated online banking services.

"ING is to take the next step in digital banking in the Netherlands. The measure (is) to result in the reduction of 1,700 jobs in ING's Dutch workforce," it said in a statement.

In addition a further ...

 
(MENAFN - AFP) Higher household and government spending enabled Germany, Europe's biggest economy, to avoid a recession in the third quarter, official data showed on Tuesday.

Increased exports also provided a boost, while falling investment acted as a drag on recovery, the federal statistics office Destatis said in a statement.

Confirming a preliminary estimate released ...

 
(MENAFN - AFP) At a small Hanoi cemetery, Nguyen Van Thao opens a fridge and pulls out a bag of bloody foetuses to prepare for burial -- a grim reminder that Vietnam has one of the highest abortion rates in the world.

Around 40 percent of pregnancies in the country end in abortion, according to a report by doctors from Hanoi's Central Obstetrics Hospital, the figure is double ...

 
(MENAFN - AFP) Sony has decided not to renew a multi-million-dollar sponsorship contract with FIFA, a report said Tuesday, as the money-losing electronics giant undergoes a painful restructuring.

Japan's leading Nikkei business daily said the eight-year, 33 billion yen ($280 million) contract, which expires this year, would not be re-negotiated owing to worries that a new ...

 
(MENAFN - AFP) Asian markets were mixed on Tuesday after a Chinese rate cut fuelled a rally in the previous session, while Tokyo played catch-up following a long holiday weekend.

The yen made inroads against the dollar and euro after the Bank of Japan chief indicated he was concerned about the impact of a weak currency on the economy, while minutes showed policymakers split ...

 
(MENAFN - AFP) Experts said Monday regular tests for vitamin D levels are not proven to be beneficial or harmful, despite previous research warning of damaging effects of vitamin D deficiencies in adults.

Studies have found that low levels of the vitamin can increase the risk of bone fractures, heart disease, colorectal cancer, diabetes, depression, Alzheimer's disease and ...

 
(MENAFN - AFP) Nearly everyone aged 66 to 75 should consider taking cholesterol-lowering drugs called statins to reduce their risk of heart attack and stroke, new guidelines say.

A total of 97 percent of people in the age group, and 100 percent of men, should be on the medication even if their cholesterol levels are normal, according to a study published in JAMA Internal ...

 
(MENAFN - AFP) Apple on Monday teamed up with the (RED) campaign, founded by U2 singer Bono, to raise money to fight AIDS.

The move came as the California-based maker of iPhones, iPads, iPods and Macintosh computers shows deeper support for social and environmental causes under the leadership of chief executive Tim Cook.

It also comes as Silicon Valley technology titans ...

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