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(MENAFN - AFP) Japanese inflation picked up in March for the first time in 10 months, data showed Friday, but household spending tumbled in a worrying sign for consumer confidence.

Core inflation, excluding volatile fresh food prices, hit 2.2 percent year-on-year, accelerating from the previous month for the first time since May 2014, and offering a sliver of hope for Tokyo's ...

 
(MENAFN - AFP) Milan's Expo 2015 opened on Friday with hopes the six-month food-themed world fair will be a catalyst for economic revival competing with fears it will simply underline Italy's deep-seated problems.

The first global exhibition since Shanghai's groundbreaking hosting five years ago has been beset by delays and the site was far from fully completed as the first ...

 
(MENAFN - AFP) French group Dassault Aviation is poised to sign a 6.3-billion-euro ($7-billion) deal with Qatar for 36 of its Rafale fighter jets, the presidency said Thursday, in the third foreign order this year.

Having struggled for years to sell any of its Rafale jets abroad, Dassault has recently scored several lucrative, high-profile contracts with Egypt, India, and ...

 
(MENAFN - AFP) A terminally-ill South African man died of natural causes Thursday on the same day that a court granted him the right to end his life, a ruling that could pave the way for assisted suicide legislation.

Retired advocate Robin Stransham-Ford, 65, was reported to be heavily sedated and a statement from his family did not say whether he died before or after the ...

 
(MENAFN - AFP) Shareholders of Commerzbank, Germany's second largest bank, rejected a proposal Thursday to pay bankers bigger bonuses.

At the annual general meeting in Frankfurt, only 64.7 percent of shareholders voted in favour of it, short of the 75 percent required to adopt the move, the bank said.

The bank had wanted to be able to pay out top performance-based bonuses ...

 
(MENAFN - AFP) Brazil's state-owned oil giant Petrobras on Thursday nominated Murilo Ferreira, CEO of mining firm Vale, as its next board chair as the energy firm looks to emerge from a corruption scandal.

Ferreira will join 10 other new board members after Petrobras last week showed it lost $2.1 billion to the scandal comprising the largest graft scheme in Brazilian history.

The ...

 
(MENAFN - AFP) Mexico's state oil giant Pemex reported losses Thursday of more than 100 billion pesos ($6.5 billion) in the first quarter of 2015, hit hard by the collapse in crude prices.

Pemex, the world's seventh-largest oil producer, has seen the export price of Mexican crude fall from $94.84 a year ago to $56.01 today, dragged down by a global supply glut that has sent ...

 
(MENAFN - AFP) Hungary on Thursday became the latest European Union country to launch a probe into Uber, the popular but controversial taxi app for mobile phones.

"A tax audit of the local unit of ridesharing company Uber has been ordered," the economy ministry said in a statement.

"Uber is operating in Hungary without paying any substantive taxes and often failing ...

 
(MENAFN - AFP) Nigeria on Thursday said it had made a subsidy payment of 156 billion naira ($787 million, 705 million euros) to fuel vendors to ease a crippling petrol shortage that has wreaked havoc nationwide.

Finance Minister Ngozi Okonjo-Iweala said the vendors were still owed an additional 98 billion naira but warned government revenue remained under intense pressure ...

 
(MENAFN - AFP) European aviation and aeronautics giant Airbus said Thursday it would file a criminal complaint against persons unknown following German media reports it had become a target of US industrial espionage.

"We are aware that as a large company in the sector, we are a target and subject of espionage," the company said in a statement to AFP. "However, in this case ...

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