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(MENAFN - AFP) German auto giant Volkswagen said on Wednesday that business got off to a good start in the first three months of this year, thanks to higher demand and the falling euro.

VW said in a statement that its net profit jumped by 20.6 percent to 2.887 billion euros ($3.2 billion) in the period from January through March.

Underlying or operating profit grew ...

(MENAFN - AFP) Russia's gas giant Gazprom on Wednesday reported its net profits in 2014 plunged sevenfold over the previous year, weighed down by economic sanctions and the devaluation of the ruble.

The company -- which was the most profitable in the world just a few years ago -- reported 159 billion rubles in net profits last year ($3 billion, 2.8 billion euros) compared ...

(MENAFN - AFP) Wal-Mart, the world's biggest retailer, said it plans to add 115 stores in China, Bloomberg News reported on Wednesday, after earlier missteps in the massive market.

It currently has more than 400 stores and the opening would represent an increase of over 25 percent, Bloomberg quoted a statement as saying. The new outlets will include both "supercentres" and ...

(MENAFN - AFP) South Korea's LG Electronics Wednesday reported a 58.5 percent slump in first-quarter net profit as losses caused by currency swings in overseas markets offset profits from its record smartphone sales.

Net profit for January-March was 38.4 billion won ($35.9 million), the company said in a statement.

Operating profit dropped 36.2 percent year-on-year ...

(MENAFN - AFP) British bank Barclays said on Wednesday that first-quarter profits halved after taking another £800 million ($1.2 billion, 1.1 billion euros) provision mostly for costs over its alleged role in foreign exchange market rigging.

Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March compared with a year ...

(MENAFN - AFP) The results are in of a battle that pitted London's culture vultures against a Chinese workshop churning out replicas of the world's most famous paintings, revealing a clear victory for the cut-price masters.

For nearly three months, visitors to London's Dulwich Picture Gallery have pored over 270 paintings in its permanent collection, including works by Rembrandt, ...

(MENAFN - AFP) The US Supreme Court appeared divided Tuesday on whether same-sex couples have a constitutional right to wed, as it weighs a potentially historic decision that could see gay marriage legalized nationwide.

Hundreds of activists from both sides of the debate rallied in front of the high court in the nation's capital as the nine justices inside heard a case on ...

(MENAFN - AFP) Top Japanese drugmaker Takeda Pharmaceutical on Wednesday warned of its first annual loss in more than six decades after agreeing to pay around $2.4 billion to settle lawsuits over its Actos diabetes drug, amid cancer claims.

The company said costs regarding the US lawsuits would send it into the red for the first time since it was listed on stock exchanges ...

(MENAFN - AFP) The World Health Organization on Tuesday unveiled a plan to eradicate the deadly Ebola virus, aiming to identify and isolate the dwindling number of new cases by the end of May.

In its new plan, the UN health agency stressed the importance of maintaining the massive efforts to rid the worst-affected nations -- Guinea, Liberia and Sierra Leone -- of the viral ...

(MENAFN - AFP) The news industry is struggling with a shift to mobile, getting scant revenues as more readers turn to smartphones and tablets for information, a research report showed on Wednesday.

Those are among the findings of the latest Pew Research Center's "State of the News Media" report released Wednesday, highlighting an ongoing shift in the US media industry landscape.

The ...

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