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(MENAFN - AFP) As labour pains gripped Junu Shrestha around midnight one day in early July, the heavily pregnant villager set off on foot along a muddy path destroyed in Nepal's earthquake, desperate for help.

She stumbled in the dark for two hours before reaching a handful of medical tents erected after the 7.8-magnitude quake on April 25 flattened her local clinic.

"It ...

(MENAFN - AFP) US Internet search giant Google on Thursday rejected accusations by EU anti-trust regulators that it illegally abuses its market dominance, in its first formal reaction to allegations by Brussels earlier this year.

"We believe that the statement of objections' preliminary conclusions are wrong as a matter of fact, law, and economics," Google general counsel ...

(MENAFN - AFP) Ukraine stepped back from the brink of default Thursday with a crucial debt deal that sees lenders accept a 20-percent write-down and keeps global markets open to the cash-strapped ex-Soviet state.

The announcement marks a monumental victory for Finance Minister Natalie Jaresko -- a US-born economist whom President Petro Poroshenko plucked from a Kiev investment ...

(MENAFN - AFP) Air China, the country's flag carrier, said its net profit surged more than 720 percent year-on-year in the first half of 2015, supported by lower fuel prices.

The company made net profits of 4.19 billion yuan ($655 million) in the first half, up strongly from 510.37 million yuan in the same period last year, it said a statement filed to the Hong Kong stock ...

(MENAFN - AFP) Asia stocks staged another rally in early trade on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China's gloomy economic outlook.

Tokyo led the gains, with Hong Kong and Shanghai in tow, and oil prices zoomed higher after the US reported a surprisingly strong new estimate of ...

(MENAFN - AFP) Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit.

Profit at the country's largest food retailer fell to Aus$2.15 billion (US$1.54 billion) in the year to June 28 on the back of poor sales of food, liquor and petrol ...

(MENAFN - AFP) Japanese inflation fell back to zero in July while household spending dropped again, official data showed on Friday, as a slowdown in China threatens Japan's already precarious economic picture.

The disappointing data are sure to stoke speculation that the central bank would be forced to unleash more stimulus later this year to counter a downturn in the world's ...

(MENAFN - AFP) The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

The Treasury's Office of Foreign Assets Control said the bank had handled 222 US securities transactions worth $2.5 million between 2008 and 2013 on ...

(MENAFN - AFP) Just as they thought they could begin moving away from crisis mode, China's turmoil has become a new threat to the world's top central bankers.

The China crisis will be an ominous cloud over the annual gathering of US and foreign central bank officials and experts beginning Thursday in Jackson Hole, Wyoming.

Beijing's deepening economic problems have ...

(MENAFN - AFP) Qatar Airways was shamed into relaxing its policy of sacking cabin crew for getting pregnant or marrying in their first five years of employment, a labour federation said Thursday, while welcoming the move.

"Qatar Airways has been shamed into action, and that's a tremendous advance," International Transport Workers Federation president Paddy Crumlin said in ...

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