(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) 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) 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.
(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".