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(MENAFN - AFP) Car sales plunged by nearly 23 percent last month in Russia and are down by nearly a tenth for the year to date, the Association of European Businesses said on Friday.

"Unfortunately, the contraction of the automotive market continues, picking up speed," said Joerg Schreiber, head of the AEB's automotive committee that compiles the data.

"The overall ...

 
(MENAFN - AFP) British Airways (BA) suspended flights over Iraq on Friday as the US launched air strikes against Islamic militants fighting in the north of the country.

A spokesman for Britain's flagship carrier said it was "temporarily suspending our flights over Iraq".

But BA said services that use the route, mainly to Doha and Dubai, would not be cancelled or disrupted ...

 
(MENAFN - AFP) ArcelorMittal on Friday said it had halted work to expand its iron ore mines in Liberia after staff were evacuated due to concerns about the Ebola epidemic ravaging the country.

The mining giant said contractors working to expand its Yekepa and Buchanan mines in the west African country "have declared force majeure and are moving people out of the country".

"We ...

 
(MENAFN - AFP) The OPEC oil cartel trimmed its 2014 forecast for global oil demand growth on Friday after weaker-than-expected economic growth in rich countries in the second quarter and a "fragile" worldwide recovery.

The Organization for Petroleum Exporting Countries said it now expects demand to grow by 1.10 million barrels per day (mbd) to 91.11 mbd, down from a previous ...

 
(MENAFN - AFP) A British investigator once hired by scandal-hit pharmaceutical giant GSK in China was sentenced to two-and-a-half years in jail for breaching privacy laws, a Shanghai court said Friday.

Peter Humphrey and his American wife Yu Yingzeng were hired to investigate the source of a lurid sex tape of the China boss of GlaxoSmithKline (GSK), shortly before the British ...

 
(MENAFN - AFP) The decision to use an experimental drug to treat two Americans infected with Ebola, while nearly 1,000 Africans have already died from the deadly epidemic, has sparked controversy - but US experts say it was ethically justified.

The World Health Organization announced Wednesday it was convening a special meeting next week to explore using experimental drugs ...

 
(MENAFN - AFP) Emirates airline Etihad Airways and Alitalia signed a deal on Friday for Etihad to become a shareholder in the Italian carrier, helping it to pull away from crisis, AFP reporters witnessed.

The shareholder alliance was signed by the head of Etihad Airways, James Hogan, and the chief executive at Alitalia, Gabriele Del Torchio.

The deal is the fruit of ...

 
(MENAFN - AFP) Widespread use of sleeping pills by slumber-deprived astronauts could hamper vigilance in the high-risk environment of space, a study warned on Friday.

NASA-funded researchers collected data from 64 astronauts involved in 26 flights on the US space shuttle, and 21 others from 13 missions to the International Space Station (ISS).

A wrist-worn device called ...

 
(MENAFN - AFP) New Caledonia on Friday cancelled a deal with Brazilian mining giant Vale and France's Eramet to allow the exploration of one of the last major untapped nickel deposits in the world.

President of the southern province, Philippe Michel, said the agreement signed in April was illegal on five different counts, "each of which is enough to cancel the allocation ...

 
(MENAFN - AFP) Oil prices rebounded on Friday as the threat of US air strikes on Iraq triggered fresh worries over supply disruptions in the crude-rich country.

US benchmark West Texas Intermediate (WTI) for delivery in September rose 79 cents to $98.13 a barrel.

Brent North Sea crude for September jumped $1.03 to stand at $106.47 in London midday deals.

Prices ...

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