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(MENAFN - AFP) Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts.

Profits were down 20 percent from a year ago with revenues ...

 

(MENAFN - AFP) One of the largest and most complete Tyrannosaurus rex specimens ever found moved into its new home in Washington on Tuesday.

Dubbed "the nation's T. rex," the skeleton was discovered in 1988 by a Montana rancher, and becomes the first at the US capital's National Museum of Natural History.

Dating back about 66 million years, it arrived in Washington ...

 

(MENAFN - AFP) Social media firms operating in Turkey should open offices there and pay taxes, authorities said Tuesday, amid a row with Twitter which the Turkish prime minister has branded "tax evaders".

Without mentioning Twitter by name, Finance Minister Mehmet Simsek said social media platforms were dodging taxes if they operated without opening a physical office.

"When ...

 

(MENAFN - AFP) Russia's economy may not grow this year, the finance minister said Tuesday, warning that Ukraine standoff could see Moscow face its toughest times since the start of the global financial crisis.

Finance Minister Anton Siluanov said at a government meeting that Russia's economy faced "the most difficult conditions since the 2008 crisis," when Russia went ...

 

(MENAFN - AFP) Greece's short-term borrowing costs tumbled on Tuesday, days after the crisis-hit country returned to medium-term international bond markets for the first time for four years.

Athens paid 2.75 percent interest on 1.625 billion euros ($2.24 billion) on its latest issue of three-month treasuries, according to its public debt management agency (PDMA).

That ...

 

(MENAFN - AFP) France will stick to the country's EU-set budget deficit reduction target, the new finance minister insisted on Tuesday, dismissing earlier indications that Paris was angling for a delay.

"I have always said that I have not asked for a delay," Michel Sapin told AFP in a telephone interview, as the government spokesman said that deficit control was a condition ...

 

(MENAFN - AFP) The European Parliament adopted new rules Tuesday to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs.

The European Union's Financial Markets Commissioner Michel Barnier first pushed for the new rules, known as MiFID II, in 2011 at the height of the eurozone debt crisis and in the wake of the global ...

 

(MENAFN - AFP) Mali said on Tuesday it was clear of the Ebola epidemic suspected to be behind around 130 deaths this year in Guinea and Liberia.

The health minister told reporters samples taken from patients displaying symptoms compatible with Ebola infection had tested negative for the deadly tropical pathogen.

"All ten samples gave a negative result. This means ...

 

(MENAFN - AFP) Swedish ball bearing manufacturer SKF, a barometer of global manufacturing, returned to profit in the first quarter of 2014, the company said on Tuesday citing rising sales.

SKF is the world leader in the industrial bearing business and its products are widely used in industrial processes, the automotive sector and engineering.

Hence, its results are ...

 

(MENAFN - AFP) Attempts by tobacco-producing nations to sink a landmark law in Australia requiring plain packaging for cigarettes and cigars gained pace Tuesday as Cuba and the Dominican Republic stepped up their fight at the World Trade Organization.

The WTO said that its disputes settlement body would on April 25 hear formal requests from both countries for the establishment ...

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