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(MENAFN - AFP) Doping in sport is a public health issue, the head of the World Anti-Doping Agency (WADA) said Wednesday, because of the spread of substance abuse from elite athletes to school gyms.

"Too many people are taking too many substances they don't even know," WADA director general David Howman told AFP in an interview in Tokyo.

"Where have they come from They ...

(MENAFN - AFP) Swedish white goods maker Electrolux said Wednesday its profits tripled in 2014 as it looks to North America for growth with the acquisition of General Electrics' appliance division.

Electrolux's annual earnings soared to 2.24 billion kronor ($273 million dollars, 240 million euros).

The company had struggled to turn a profit for 18 months before its ...

(MENAFN - AFP) Turkish Prime Minister Ahmet Davutoglu on Wednesday welcomed the central bank's decision to bring down a key interest rate as a step "in the right direction" and expected further cuts next month.

"The latest reduction in interest rate is a right decision," Davutoglu told a news conference a week after the central bank pruned the one-week repurchase rate to ...

(MENAFN - AFP) Greece's new left-wing government will halt the privatisation of the country's biggest port Piraeus, which China's COSCO group has bid for, an official in charge of the process said Wednesday.

"We will halt the privatisation of the port of Piraeus and that of Thessaloniki too," the new deputy minister for merchant marine, Theodoros Dritsas, told AFP.

Greece's ...

(MENAFN - AFP) A powerful Chinese regulator on Wednesday blasted e-commerce giant Alibaba for allowing "illegal" actions on its multi-billion-dollar online shopping platform, accusing executives of narcissism in an unusual government dressing down of a major domestic company.

The State Administration for Industry & Commerce (SAIC), charged with maintaining market order ...

(MENAFN - AFP) Qatar looked to have won a drawn-out bid to buy London's Canary Wharf on Wednesday after the owner of the landmark office quarter said its main shareholders favoured a sale.

The board of Songbird, which controls 69 percent of Canary Wharf Group, appeared to concede defeat despite stressing that the offer worth £2.6 billion ($4.0 billion, 3.5 billion euros) ...

(MENAFN - AFP) Swedish fashion giant H&M said Wednesday net profits for 2014 rose almost a fifth and pledged to speed up its global expansion.

Net profits soared 17 percent to 19.98 billion kronor (2.15 billion euros, 2.44 billion dollars) while sales surged by 18 percent to 176.62 billion kronor.

The strong earnings came on the back of a massive expansion, with ...

(MENAFN - AFP) Scandal-plagued Brazilian oil giant Petrobras announced Wednesday its third quarter profits slid 9 percent compared to the same period of 2013.

The state-owned company said profits for the period reached 3.097 billion reales ($1.2 million) in the first earnings report issued since the corruption scandal broke last year.

The profit marked a drop of 38 ...

(MENAFN - AFP) Asian stock markets ended mostly higher Wednesday after reversing earlier losses, although dealers remained nervous following a heavy sell-off in New York sparked by poor earnings reports.

Traders are also keeping an eye on Europe as Greece's new anti-austerity government prepares to face off with its international creditors over its bailout.

Tokyo gained ...

(MENAFN - AFP) Swiss pharmaceutical giant Roche said Wednesday its net profit had dropped 16 percent in 2014 due to debt restructuring in spite of higher sales.

Net income declined to 9.54 billion Swiss francs (9.2 billion euros, $10.5 billion) from 11.37 billion francs last year, the world's larget maker of cancer drugs said.

Sales however rose one percent to 47.46 ...

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