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(MENAFN - AFP) A US tyre tycoon on Friday ridiculed French laws and trade unions that he said had prevented him from investing in a stricken factory, saying France should become "Communist."

Maurice Taylor, chief executive of Titan International, had initially expressed interest in taking over the loss-making Goodyear tyre plant in Amiens, northern France.

But he pulled ...

(MENAFN - AFP) The EU on Friday gave France, Italy and Belgium an extra three months until March to fix their bloated budgets, but warned it would still enforce humiliating sanctions if they fail to curb spending.

The three countries were singled out by the European Commission, the EU's executive branch, as it unveiled a tough assessment of eurozone budgets under new powers ...

(MENAFN - AFP) Inflation in the eurozone slowed to 0.3 percent in November from 0.4 percent the previous month, while unemployment remained steady, official EU data showed on Friday, fuelling fears of deflation.

The European Union's data agency Eurostat reported that unemployment remained steady at 11.5 percent in October, unchanged from September despite a stagnating economy.

Growing ...

(MENAFN - AFP) The European Commission was set to unveil a hard-eyed assessment of eurozone economies on Friday, but still give more time to France and Italy to fix their rule-breaking budgets.

The Commission, the EU's executive branch, delivers official opinions on euro government budget plans under new powers given to Brussels during the eurozone debt crisis.

But ...

(MENAFN - AFP) The ruble lost another 1.5 percent of its value on Friday morning as it extended a record slide after the OPEC oil cartel's decision to leave its output ceiling unchanged.

The beleaguered Russian currency was down 1.55 percent and trading at 49.33 rubles to the dollar 45 minutes after trading opened on the Moscow Exchange.

The ruble shed 1.42 percent ...

(MENAFN - AFP) German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

German retailers' sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.

In September, retail sales had slumped by 2.8 ...

(MENAFN - AFP) E.ON, Germany's biggest power supplier, said Friday it has agreed to sell two US wind farms to Canadian group Enbridge.

E.ON "has agreed to sell an 80-percent interest in a portfolio of two wind farms in the US to Enbridge," the German group said in a statement.

The two wind farms -- the 203 megawatt (MW) Magic Valley 1 wind farm near Harligen, Texas ...

(MENAFN - AFP) Shares in energy firms tumbled Friday after oil prices hit four-year lows in reaction to OPEC's decision to ignore calls for an output cut, although the prospect of cheaper fuel sent airlines surging.

Sydney's ASX/S&P 200, the home of commodity giants such as BHP Billiton, Woodside and Santos, was the stand-out loser, although Asian stock markets were mixed ...

(MENAFN - AFP) India pledged a slew of regional investments at a South Asian summit this week, seeking to counter China's growing economic inroads into its backyard as it remains embroiled in bitter rivalry with Pakistan.

Indian Prime Minister Narendra Modi said South Asia's largest economy would fund regional infrastructure, health facilities and even a communications satellite, ...

(MENAFN - AFP) The traditionalists don't like it, but the "Black Friday" shopping frenzy is as much a part of the Thanksgiving holiday in the United States as turkey and pumpkin pie.

And it's only Thursday.

Americans will spend tens of billions of dollars over the four-day holiday and there was certainly no messing about at Leesburg Corner, a Virginia outlet center ...

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