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(MENAFN - AFP) The British pound spiked Thursday immediately after top Brexit campaigner and former London mayor Boris Johnson said he will not stand to succeed Prime Minister David Cameron.

The currency rose to $1.3493 from its $1.3434 level seen just before the surprise announcement by Johnson who had been widely expected to go for Prime Minister David Cameron's job.

The ...

 
(MENAFN - AFP) Google's offices in Madrid were being searched in a tax probe Thursday, an internal source said, just over a month after police raided the Internet giant in Paris in a similar investigation.

The US firm is one of several multinational corporations that have come under fire in Europe for paying extremely low taxes by shifting revenue across borders in an often ...

 
(MENAFN - AFP) Malaysia Airlines, which has been struggling since twin disasters in 2014, has appointed a new CEO following the resignation of a troubleshooter brought in to turn around the ailing carrier.

Peter Bellew, currently the airline's chief operating officer and a former director of flight operations at Ryanair, will take over effective Friday.

"His appointment ...

 
(MENAFN - AFP) Eurozone inflation left negative territory in June, statistics showed Thursday, but economic uncertainty from Brexit sparked concerns that damaging deflation could return to Europe.

The rise in consumer prices is welcome news after months of an unprecedented stimulus programme by the European Central Bank to jumpstart sluggish growth and low prices in the eurozone. ...

 
(MENAFN - AFP) South Africa's Competition Tribunal approved Thursday the blockbuster buyout of SABMiller by the world's top brewer AB InBev, subject to conditions, paving the way towards completion of the huge deal.

Conditions include the sale of SABMiller's stake in Distell Group, as South Africa's regulator moved to protect competition and prevent job losses in the country's ...

 
(MENAFN - AFP) European and Asian stocks pushed higher while the pound held most of its ground Thursday as markets shrugged off their Brexit shock.

After wiping out on Wednesday all of its losses following the surprise vote by Britain the leave the EU, London's FTSE 100 index on Thursday pushed another 0.6 percent higher around 1000 GMT.

Meanwhile, Paris climbed also ...

 
(MENAFN - AFP) On a poster to recruit new players to Africa's first tournament-playing gay rugby club, the team's large, bearded prop Larry Viljoen scowls menacingly at the camera, his arms crossed.

He holds a magic wand and wears two sparkling wings on his back.

"Fairy" the caption asks.

Other homophobic slurs -- "Queen", "Pansy" -- have also been used by the ...

 
(MENAFN - AFP) Britain's economic growth slowed in the first quarter from the previous three months, official data confirmed Thursday, as business investment faltered on uncertainty before the Brexit referendum.

Gross domestic product (GDP) grew 0.4 percent, the Office for National Statistics (ONS) said in a final estimate for the period between January and March, ahead of ...

 
(MENAFN - AFP) Eurozone inflation left negative territory in June, the Eurostat statistics agency said on Thursday in a first estimate.

Consumer prices rose a slight 0.1 percent after slipping 0.1 percent in May, the EU agency said.

This was higher than the zero percent forecast by analysts surveyed by data provider Factset and offered good news to the European Central ...

 
(MENAFN - AFP) Unemployment in Germany remained at its lowest level since East and West Germany reunited after the fall of the Berlin Wall, as Europe's top economy remains robust, data showed on Thursday.

The unemployment rate -- which measures the jobless total against the working population as a whole -- stood at 6.1 percent in June, unchanged from May, the federal labour ...

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