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(MENAFN - AFP) A rare strike called at a Greek container terminal run by Chinese shipping giant COSCO has been called off, a union official said on Saturday.

Around 150 workers at the main port of Piraeus had on Friday said they would strike until Monday to demand back pay and improved labour conditions.

But on Saturday, the head of the federation of Greek port employees ...

 
(MENAFN - AFP) South African President Jacob Zuma promised Saturday to help ramp up investment in the country's maritime industries as part of an ambitious plan to boost economic growth and cut unemployment.

"The vast ocean space is relatively unexplored in terms of its economic potential," said Zuma in the eastern coastal city Durban as he launched the first part of the ...

 
(MENAFN - AFP) Dutch banks said Saturday they were taking "preventative measures" after reports of credit cards being looted from the Ukrainian crash site of Malaysia Airlines flight MH17, where 192 Dutch citizens died.

"International media report that victims' bank cards have been stolen," the Dutch Banking Association said in a statement

"Banks are taking preventative ...

 
(MENAFN - AFP) A new hepatitis C drug has shown early promise in patients whose infection with both HIV and hepatitis C has made them traditionally difficult to treat, said a study Saturday.

Patients were given Gilead Sciences' sofosbuvir, a drug approved for the US market in 2013 that has stirred controversy due to its high price tag - about $1,000 per pill, along with another ...

 
(MENAFN - AFP) Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance.

Reliance, controlled by the country's wealthiest man Mukesh Ambani, announced net profit for the three months to June climbed by a better-than-expected 13.7 percent to 59.57 billion rupees ...

 
(MENAFN - AFP) Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class.

Swatch, with $10 billion in annual sales, has made a formal proposal to the commerce ministry under which the company would have 100 percent control of its business, the Business Standard ...

 
(MENAFN - AFP) G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders.

The ministers met in Sydney for the latest round of talks among the world's leading economies, with Australia's Trade Minister Andrew Robb saying all nations were still committed to the Bali agreement struck ...

 
(MENAFN - AFP) Three babies who died from drinking tap water contaminated by sewage have become a tragic symbol of South Africa's struggle to cope with a flood of people into cities designed under apartheid to cater to the tiny white minority.

The poor, as always in the developing world, bear the brunt of water scarcity and irregular access, with parched communities at times ...

 
(MENAFN - AFP) Scientists on Saturday vowed to press ahead with their quest for a cure for AIDS, despite losing a veteran colleague and suffering a setback in research.

Addressing a symposium on the search for a cure, Nobel prize winner Francoise Barre-Sinoussi said the death of Joep Lange, a frontline scientist in the 33-year war on AIDS, was a major setback.

"He was ...

 
(MENAFN - AFP) Visiting Chinese President Xi Jinping announced huge investments in hydroelectric power, shipbuilding, railways and a deal to help Argentina build its fourth nuclear plant.

No total dollar figure was given.

Xi has pressed a charm offensive with Latin America since arriving in Brazil earlier this week.

Friday saw Argentina in the spotlight, with ...

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