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(MENAFN - AFP) Norwegian authorities confirmed an "atypical" case of mad cow disease Thursday but said that it posed no risk to public health.

Unlike the classic form of bovine spongiform encephalopathy (BSE) -- transmitted through the now banned practice of feeding cows with meat-based feed -- which caused an epidemic in Britain in the 1990s, isolated cases of "atypical" ...

 
(MENAFN - AFP) Shares in energy companies slid Thursday after they announced falling profits on tumbling oil prices, though European markets were mostly higher overall.

London's FTSE 100 index, home to energy majors Royal Dutch Shell and BP, was down 0.17 percent to 6,814.61 points in midday deals.

Frankfurt's DAX 30 rose 0.28 percent to 10,740.49 points, as official ...

 
(MENAFN - AFP) New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude inventories deepened worries over the global supply glut.

West Texas Intermediate (WTI) for March delivery slumped to $44.21 a barrel, which was just one cent above the March 2009 low of $44.20 hit two weeks ago.

The contract later stood at $44.44, down one cent from ...

 
(MENAFN - AFP) Chinese e-commerce giant Alibaba said Thursday its net profit for the three months ending December plunged 28 percent to $964 million, hit by a one-off charge and higher taxes.

However sales soared 40 percent to $4.219 billion, and earnings per share were up 13 percent to 81 cents.

Alibaba completed the world's biggest IPO with its listing on the New ...

 
(MENAFN - AFP) Economic powerhouses Germany and China warned Greece on Thursday against reneging on reforms tied to its massive international bailout, with markets still jittery over fears Athens could default on its debt.

Germany, which has shouldered most of the multi-billion-euro EU rescue plan for Greece, said the country's new anti-austerity government could not make ...

 
(MENAFN - AFP) Danish brewer Carlsberg said Thursday it was closing two out of its 10 breweries in Russia, where sales have been hit by economic sanctions and policies to curb alcohol consumption.

"The closures will reduce the Russian capacity by approximately 15 percent and will impact 500 to 600 employees," the company said in a statement.

Shutting the two plants ...

 
(MENAFN - AFP) Diageo, the British maker of alcoholic drinks, reported Thursday a slump in profits, hit by falling sales of whisky in China and economic strains in Venezuela and Russia.

Net profits slid 18 percent to £1.31 billion ($1.98 billion, 1.75 billion euros) in the six months to December 31 -- the first half of the group's financial year -- compared with the equivalent ...

 
(MENAFN - AFP) Energy giant Royal Dutch Shell on Thursday announced an eight-percent drop in annual net profits owing to a slump in global oil prices and said it would accelerate spending cuts.

Profit after tax dropped to $15.05 billion (13.3 billion euros) in 2014 compared with the Anglo-Dutch company's performance one year earlier, slipping on plunging earnings in the fourth ...

 
(MENAFN - AFP) Finnish telecom equipment group Nokia reported a sharp rise in annual net profit Thursday, boosted by a substantial one-off tax-related gain and strong North America sales in the fourth quarter.

The group's net profit in 2014 soared fivefold to 1.16 billion euros ($1.31 billion) compared to the previous year, due in part to a tax gain worth 1.4 billion euros ...

 
(MENAFN - AFP) One of the world's leading comics festival was set to open in France on Thursday under tight security as it dedicated this year's event to the murdered cartoonists of Charlie Hebdo.

The four-day festival in the western town of Angouleme attracted 200,000 people last year.

This year's guests -- including some of the biggest names in comics and graphic ...

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