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(MENAFN - AFP) France's government and unions Sunday called on the head of telecoms equipment maker Alcatel-Lucent to renounce reported bonuses of some 14 million euros he could receive after the firm was swallowed up by its rival Nokia.

Michel Combes, who has headed the French-American company since 2013, is due to step down as part of a 15.6-billion-euro ($17.4billion) ...

(MENAFN - AFP) Japan's Suzuki Motor said on Sunday it plans to buy back its shares sold to Volkswagen after an international arbitration court settled a dispute between the two automakers.

The ruling came four years after the Japanese small car maker attempted to end an alliance with the German auto giant, which has refused Suzuki's repeated demands to sell back the 112.21 ...

(MENAFN - AFP) Indian Prime Minister Narendra Modi on Sunday announced he was ditching an executive order aimed at making it easier for business to buy land, in a major setback for his reformist government.

Modi said he would let the ordinance lapse on Monday, following large-scale farmer protests led by a resurgent opposition to the reform, which he pledged soon after forming ...

(MENAFN - AFP) As thousands of Bangladeshis and Indians celebrated the end of one of the world's most intractable border disputes, Fatema Khatun was quietly hopeful of finally seeing justice.

Fifteen years after Khatun's husband, Badshah Mia, was hacked to death and his body dumped on a canal bank near their home along the border, no one has been charged with his murder.

But ...

(MENAFN - AFP) The European Central Bank looks set to keep its monetary policy gunpowder dry when its decision-making governing council convenes next week, despite the recent turmoil that has engulfed global markets, analysts said.

It has been a chaotic week for stock markets around the world, spooked by fears of economic slowdown in China.

Share prices have wildly ...

(MENAFN - AFP) Hong Kong's towering skyline is dominated by major banks and investment houses -- but smaller start-ups are playing an increasing role on the financial landscape.

The number of "FinTech" start-ups in Hong Kong -- offering technology tailored to the world of finance -- is rising rapidly, taking advantage of the city's position as an industry hub and gateway ...

(MENAFN - AFP) China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered tourists like Henry Lee.

Not yet, at least.

"I don't even know what the exchange rate is," the 36-year-old technology entrepreneur from Beijing admitted.

"We're just here to relax with our kids. We're not making ...

(MENAFN - AFP) Around one million people thronged the streets of a sun-drenched Zurich Saturday to take part in the Swiss city's annual techno Street Parade, organisers said.

Fans from across Europe began gathering around 1100 GMT, before dancing through the heart of Switzerland's financial capital to the high-decibel electronic beats blaring from 26 floats, known as "lovemobiles".

With ...

(MENAFN - AFP) The oil and gas producer Nexen Energy, a Canadian subsidiary of China's CNOOC, was forced to suspend operations Saturday at 95 pipelines after a major leak last month.

The leak in Alberta, western Canada, spilled some 31,500 barrels (five million liters) of oil sands, prompting concern and criticism from environmental groups.

The Alberta Energy Regulator ...

(MENAFN - AFP) Chinese Premier Li Keqiang has issued assurances over his country's economy after global markets were roiled by concerns over its slowing growth, state media reported on Saturday.

Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world's number two economy will ...

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