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(MENAFN - AFP) The moribund French economy could get a sharp boost each year over a decade if highly controversial reforms to help businesses are enacted, estimates from the OECD showed on Friday.

Such changes could add 0.4 percent to economic output every year over the next 10 years, it said, with the total benefit amounting to 3.7 percent of gross domestic product.

In ...

 
(MENAFN - AFP) European stock markets surged Friday as investors snapped up bargains, ending a roller-coaster week marked by alarm over fading global growth, a reemergence of eurozone tensions and the Ebola virus spreading.

Having already mounted a robust late recovery on Thursday following sharp losses earlier in the session, indices shot higher heading into the weekend.

The ...

 
(MENAFN - AFP) Western countries scrambled to put airport security measures in place Friday amid mounting fear of the spread of Ebola worldwide.

New measures to screen travellers for the deadly virus were being considered as the United Nations made an urgent appeal for cash after getting merely $100,000 for a crisis fund to tackle the deadly epidemic.

US lawmakers grilled ...

 
(MENAFN - AFP) Rail travellers in Germany face an entire weekend of disruptions, cancellations and delays after the train drivers' union on Friday called their biggest strike since 2008.

The GDL union called on its members to walk out from 3:00 pm (1300 GMT) on Friday on freight services and from 2:00 am (0000 GMT) on Saturday on long-distance and regional passenger services.

The ...

 
(MENAFN - AFP) Volkswagen's Chinese joint venture will recall more than 500,000 cars in China due to a defect in the rear axles, state media said Friday.

The German automaker, which has been in China since the 1980s, will recall a total of 581,090 cars, the official Xinhua news agency said, citing a statement from China's General Administration of Quality Supervision, Inspection ...

 
(MENAFN - AFP) Industrial conglomerate General Electric reported higher earnings for the third quarter Friday, with especially strong profit gains coming in its aviation and oil and gas divisions.

GE scored a 10.8 percent increase in third-quarter net income to $3.5 billion, as chief executive Jeff Immelt pointed to "significant" profit margin increases in its industrial ...

17 Oct 2014   Oil market rebounds 
 
(MENAFN - AFP) World oil prices rebounded Friday on bargain-buying, a day after the US benchmark fell below $80 for the first time in more than two years.

However, the overall mood remained clouded by a supply glut in and concerns over demand caused by a slowdown in major European economies and China.

US benchmark West Texas Intermediate for November added $1.29 to ...

 
...
17 Oct 2014   European stock markets rally 
 
(MENAFN - AFP) European stock markets surged on Friday as investors snapped up bargains, ending a roller-coaster week marked by alarm over flagging global growth, a reemergence of eurozone tensions and the Ebola virus spreading.

Having already mounted a robust late recovery on Thursday following sharp losses earlier in the session, indices shot higher heading into the weekend.

The ...

 
(MENAFN - AFP) The world leader in servicing oil industry installations, Schlumberger, surprised the markets with a record performance in the third quarter despite sanctions against oil giant Russia.

And despite a big fall in the price of oil recently, the French-US group said it was confident about the strength of its business and markets although it did not risk making ...

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