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(MENAFN - AFP) Winds bolstered by climate change will slow flights between North America and Europe, boosting fuel costs and carbon dioxide (CO2) emissions -- which caused the problem in the first place, researchers said Wednesday.

Climate change will speed up the jet stream, a high-altitude wind blowing from west to east across the Atlantic ocean, they wrote in the Institute ...

 
(MENAFN - AFP) Pharrell Williams, the pop culture renaissance man who is a designer, performer and hit songwriter, was named Tuesday as co-owner of jeans brand G-Star Raw.

The company, based in Amsterdam and Los Angeles, said that Williams would be involved in design but also in decisions on business strategy and advertising.

"G-Star is an independently minded and forward-thinking ...

 
(MENAFN - AFP) Australia's biggest company Commonwealth Bank on Wednesday posted a modest two percent rise in first-half net profit to Aus$4.62 billion (US$3.26 billion) with the lender confident it is well placed to ride out global instability.

The report came a day after nervous investors dumped bank stocks in Australia ahead of the Commonwealth's interim results, with ...

 
(MENAFN - AFP) Shares in Viacom plunged Tuesday after a disappointing earnings report stoked fears about its outlook in rapidly shifting media-entertainment industry.

Viacom shares slid 21.5 percent to close at $32.86, extending the drop from its 2014 peak of around $90 for the entertainment conglomerate.

Chief executive Philippe Dauman, who last week took over the ...

 
(MENAFN - AFP) German automaker Daimler AG announced Tuesday the recall of some 840,000 Mercedes Benz and Daimler vehicles in the United States equipped with potentially defective Takata airbags.

Daimler said the recall included about 705,000 Mercedes-Benz cars and 136,000 Daimler vans.

It was the latest recall involving Takata airbags, which can rupture and send shrapnel ...

 
(MENAFN - AFP) Monsanto will pay an $80 million penalty to settle charges it misstated earnings by failing to accurately count rebate costs for a best-selling weed killer, US securities regulators announced Tuesday.

Monsanto undercounted rebate payments in 2009, 2010 and 2011 that boosted revenues of the herbicide Roundup and, as a result, "materially misstated its consolidated ...

10 Feb 2016   Goldman eyes cost cuts: CEO 
 
(MENAFN - AFP) US banking giant Goldman Sachs is weighing cost cuts to deal with a slowing global economy, its chief executive Lloyd Blankfein said Tuesday.

A person with knowledge of the situation said Goldman intends to slash at least five percent of its total workforce this year.

Speaking a day after Goldman shares plunged 4.6 percent amid rising market worries over ...

 
(MENAFN - AFP) Barack Obama unveiled the last budget of his presidency Tuesday, a record $4.1 trillion plan that is dead-on-arrival in Congress but could shape the 2016 White House race.

Legislatively, the future looks bleak for Obama's 2017 fiscal plan, which covers spending on everything from cybersecurity to the environment.

It includes big-ticket investments in ...

 
(MENAFN - AFP) Angela Orosz weighed just a third of what a normal infant does when she was born in Auschwitz, and only escaped death at the Nazi concentration camp because she was so weak she was "unable to cry".

The 71-year-old will appear in a German court this month to give her harrowing testimony against Reinhold Hanning, a former guard at Auschwitz, who she says was ...

 
(MENAFN - AFP) The World Health Organization (WHO) on Tuesday urged caution about linking the Zika virus with a rare nerve disorder called Guillain-Barre which health officials in Colombia have blamed for three deaths.

"Yes, we have seen cases of death from Guillain-Barre syndrome, three have been reported. But I would urge caution" on linking it with Zika, WHO spokesman ...

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