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(MENAFN - AFP) Weaving between tables at a seaside restaurant in Libya's capital bearing freshly baked rosemary bread, Abdelmuttaleb Twigiri shuttles between the wood-fired oven and his customers in a blur of hospitality.

It's the opening night of his brainchild Toucan, a Mediterranean "fusion" eatery that Twigiri hopes will give residents of once-bustling Tripoli a rare ...

(MENAFN - AFP) "God has given me a beautiful little girl. But life is difficult because I am still a child myself," says Lorena, one of more than 2,000 girls under 16 who give birth in Romania each year, some as young as 12.

Cradling her baby, the 15-year-old who lives with her boyfriend and seven other families in an abandoned building, says she didn't plan to fall pregnant.

"I ...

(MENAFN - AFP) The world's top brewer Anheuser-Busch InBev said Wednesday its first quarter profits fell due to weakness in the Brazilian market but that its acquisition of SABMiller was on track to be completed this year.

Revenues fell 10 percent to $9.4 billion compared with the same period last year, the Belgium-based group said in a statement.

The group, which ...

(MENAFN - AFP) Adidas said on Wednesday it would sell off its golf equipment brands, as it published "record" quarterly results showing a strong performance in the United States, a key market for the German sports giant.

Following a "strategic review" of its golf business, Adidas said it would "actively seek a buyer" for some of its top equipment brands, including TaylorMade, ...

(MENAFN - AFP) Air France-KLM said Wednesday it cut its losses in the first quarter of 2016 but passenger traffic to Paris was affected by terror attacks and the airline also warned of a difficult year ahead as it moved to cut wages of French pilots.

The Franco-Dutch group enjoyed lower fuel prices but said this was likely to be offset over the rest of the year by pressure ...

(MENAFN - AFP) Royal Dutch Shell on Wednesday announced an 89-percent drop in net profit for the first quarter, blamed on slumping oil prices, adding that investment would be lower than expected.

Profit after tax stood at $484 million (421 million euros) in the January-March period, down from $4.43 billion in the first quarter of 2015, the Anglo-Dutch energy group said in ...

(MENAFN - AFP) A Chinese court has ruled against Apple in a case it brought against a small maker of "iphone"-branded leather goods, state media reported.

Manufacturer Xintong Tiandi registered the word as a trademark for use on leather goods in 2007 and has been producing wallets, handbags and phone cases emblazoned with it ever since.

Intellectual property rights ...

(MENAFN - AFP) Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates.

The settlement Tuesday followed a federal judge's ruling in March admitting the class action lawsuit brought by investors and pension funds against the ...

(MENAFN - AFP) Spanish banks, which slimmed down after a property boom went bust in 2008, are once again closing branches and slashing jobs as their profitability is hit by stiff competition.

The country's three biggest lenders -- Santander, BBVA and CaixaBank -- last week all posted lower first quarter net profits, especially in Spain, which is grappling with a jobless rate ...

(MENAFN - AFP) Berenberg Bank, one of the oldest and most venerable institutions in private banking in Germany, is finding its squeaky clean reputation coming under scrutiny in the wake of the Panama Papers global tax evasion scandal.

Berenberg may not be a household name like some of its bigger peers, but the upscale Hamburg-based bank has cultivated an impeccable image, ...

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