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(MENAFN - AFP) The De Beers diamond cartel warned Wednesday that global production will decline from 2020, a trend that could spell pricier bling for consumers.

A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from the United States, China and India, the firm claimed.

"Unless major new discoveries are made in the ...

 
(MENAFN - AFP) Air France scrapped more than half its flights Wednesday as pilots extended a strike into a third day, defying Prime Minister Manuel Valls who urged them to stop their "incomprehensible" industrial action.

Pilots have walked off the job in protest at the airline's plans to expand its low-cost leisure subsidiary Transavia France, whose pilots are cheaper to ...

 
(MENAFN - AFP) Sony on Wednesday said it would lose $2.14 billion this fiscal year, more than four-times its earlier forecast as the Japanese electronics giant blamed a downturn in its mobile phone business.

The estimated net loss of 230 billion yen in the fiscal year to March 2015 came as a surprise only months after it tipped a loss of just 50 billion yen, citing a turnaround ...

 
(MENAFN - AFP) Asian markets mostly rose Wednesday, with Hong Kong and Shanghai boosted by reports that China's central bank had pumped $81 billion into the country's five biggest lenders, while traders also awaited a US Federal Reserve policy decision.

A rally on Wall Street increased buying incentives, with US shares helped by the China report as well as a feeling that ...

 
(MENAFN - AFP) Developing countries and advanced economies differ greatly in their level of "skepticism" towards international trade and foreign investment, a study of people across 44 countries revealed.

A median of 81 percent of those surveyed believed that international trade and global business ties were good things, according to a study by the US-based Pew Research Center.

However, ...

 
(MENAFN - AFP) A Rio de Janeiro judge ordered the bank accounts of former billionaire businessman Eike Batista frozen after authorities charged him with stock market manipulation, media reports said.

Federal prosecutors last week filed criminal charges against Batista and embarked on moves to freeze an estimated 1.5 billion reais ($635 million) of assets, including properties, ...

 
(MENAFN - AFP) A reported $81 billion injection into China's major banks is probably the first of a series of fresh stimulus measures by Beijing to boost its flagging economy, the world's second largest, analysts said on Wednesday.

Online portal Sina late Tuesday quoted financial institutions as saying the People's Bank of China (PBoC), the central bank, would channel 500 ...

 
(MENAFN - AFP) The United States is likely to remain the world's largest market for diamonds for the next 15 years despite a growing appetite for the gems from China and India, leading producer De Beers said on Wednesday.

China has the fastest growing demand, jumping to a share of about 15 percent of the world's diamond market from less than three percent in 2003.

But ...

 
(MENAFN - AFP) New-generation Apple software for powering its coveted mobile devices is set for release on Wednesday, two days ahead of the arrival of its latest iPhones.

The iOS 8 mobile operating system will be available free for download to many iPhone and iPad models and will be pre-installed on iPhone 6 and iPhone 6 Plus, which hit the market on Friday.

Apple unveiled ...

 
(MENAFN - AFP) Bureaucracy, a lack of competition and a banking system in ruins have ossified the Tunisian economic model, the World Bank said Wednesday, calling for sweeping reforms.

Poverty and soaring unemployment were behind the 2011 uprising when Tunisians overthrew longtime dictator Zine El Abidine Ben Ali.

The World Bank said Tunisians had "surprised the world ...

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