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(MENAFN - AFP) After French giant BNP Paribas, other big European banks like Credit Agricole, Deutsche Bank and UniCredit may be in the cross-hairs of US authorities for sanctions-busting.US authorities on Monday slammed BNP, France's largest bank, with a record $8.9 billion in penalties for violating US economic sanctions against Iran, Sudan and other countries and pleaded ...

 

(MENAFN - AFP) The European Commission paved the way Wednesday for the creation of Germany's biggest mobile company when it cleared the acquisition of E-plus in Germany, a unit of Dutch KPN, by Telefonica of Spain.The deal, although subject to conditions, marks a key development in the consolidation of the crowded and deeply fragmented European telecom market."The ...

 

(MENAFN - AFP) The European Commission on Wednesday approved the acquisition by telecom giant Vodafone of Spanish cable firm Ono judging that the transaction posed little threat to competition.In a statement, the commission said the companies' activities were "largely complementary" with ONO's main activity related to fixed line telecommunication services "whereas Vodafone ...

 

(MENAFN - AFP) Britain is to lead a global effort to combat antibiotic-resistant superbugs that threaten to knock medicine "back into the dark ages," Prime Minister David Cameron said Wednesday.Unless new antibiotics are found, the rise of untreatable bacteria threatens a "unthinkable scenario" where once-treatable minor infections become fatal, he said.As bacteria ...

 

(MENAFN - AFP) Leading science journal Nature is withdrawing a stem-cell study published in January that had been hailed as a "game-changer" in the quest to grow transplant tissue.The announcement on Wednesday came after mistakes were discovered in some data published in two papers, photograph captions were found to be misleading, and the work itself could not be repeated ...

 

(MENAFN - AFP) Europe's main stock markets steadied at the start of trading on Wednesday, with London's benchmark FTSE 100 index down 0.06 percent to 6,798.65 points.Frankfurt's DAX 30 rose 0.11 percent to 9,913.00 points, while in Paris the CAC 40 index nudged 0.01 percent lower to 4,460.62 compared with Tuesday's closing level.In Paris, telecom shares fell sharply ...

 

(MENAFN - AFP) Oil prices edged higher in Asia Wednesday as dealers await the release of a US stockpiles report for clues about demand in the world's top crude consumer, while upbeat Chinese manufacturing data lent support.US benchmark West Texas Intermediate for August delivery rose 10 cents to $105.44 while Brent crude gained nine cents to $112.38 in afternoon trade. ...

 

(MENAFN - AFP) Swiss pharmaceutical group Roche said Wednesday it was buying Seragon Pharmaceuticals, a US biotechnology firm specialising in a new way to fight breast cancer, in a deal worth up to $1.7 billion (1.2 billion euros).Seragon, a privately held outfit located in California, is developing a new generation of treatments for the most common form of breast cancer, ...

 

(MENAFN - AFP) Spain's unemployment queue shrank in June as the economy slowly recovered after emerging in mid-2013 from a two-year recession, the government said Wednesday.The number of people registered as unemployed in Spain's economy, the fourth-largest in the eurozone, fell by 122,684 from the previous month to 4.45 million in June, the Labour Ministry said in a monthly ...

 

(MENAFN - AFP) Health ministers from across western Africa will meet on Wednesday to plan "drastic action" against the deadliest ever Ebola epidemic as dozens of new cases continue to emerge.There have been 759 confirmed or suspected cases of the haemorrhagic fever in Guinea, Liberia and Sierra Leone, the World Health Organisation (WHO) said on Tuesday, with 467 people ...

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