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(MENAFN - AFP) Lev Netto felt nothing but delight when a crackly radio loudspeaker in a town outside Moscow announced on June 22, 1941 that the Nazis had invaded and the Soviet Union was now at war.

"I was ecstatic at the thought that finally we would have a real war."

The 90-year-old with bright blue eyes and high cheekbones was just 16 then, too young to be called ...

 
(MENAFN - AFP) An Austrian men's magazine has printed its latest edition using blood from people who are HIV-positive in order to counter the "stigma" often attached to the virus that causes AIDS, its chief editor said Tuesday.

"We wanted to make a statement against the stigma and the irrational fears (about)... HIV and HIV-positive people," Julian Wiehl, founder and editor-in-chief ...

 
(MENAFN - AFP) The International Monetary Fund said Tuesday that Greece may need debt relief but rejected news reports that it had pushed for it at a eurozone meeting last month.

"During the Eurogroup meeting in Riga last month, the IMF did not push for large-scale debt relief, as some press reports have stated," the IMF said in a brief emailed statement.

"In the meeting, ...

 
(MENAFN - AFP) Colombian airline Avianca has confirmed its order for 100 A320neo family aircraft, the largest ever by a Latin American airline, in deal worth approximately $10 billion at catalogue prices, Airbus said Tuesday.

The "largest single order ever made in Latin America's aviation history" will "allow Avianca to maintain one of the youngest fleets in the region as ...

 
(MENAFN - AFP) Eurozone country Cyprus will not shake off a three-year recession in 2015, a European Commission spring forecast predicted on Tuesday.

Although the bailed-out island's recession is running out of steam, the Commission said the green shoots of recovery would not appear this year.

Nicosia has previously stated there will be a marginal recovery in 2015.

The ...

 
(MENAFN - AFP) Following a bitter power struggle in recent weeks, German auto giant Volkswagen is hoping to return to "calmer waters" and concentrate on its business of building cars, its chief executive Martin Winterkorn said Tuesday.

"The past couple of weeks have been eventful ones, to put it mildly," Winterkorn told shareholders at VW's annual meeting in the northern ...

5 May 2015   Oil prices extend rally 
 
(MENAFN - AFP) Oil prices rallied on Tuesday as the market builds on strong recent gains following massive falls earlier in the year.

US benchmark West Texas Intermediate for delivery in June won $2.06 to $60.99 a barrel.

Brent North Sea crude for June advanced $1.69 to stand at $68.15 a barrel in late London deals.

"Crude oil has resumed its strong recovery since ...

 
(MENAFN - AFP) Eurozone stocks tumbled Tuesday on fears of an early end to the ECB's QE stimulus programme and a spike in tensions over the Greek crisis.

Frankfurt's DAX 30 index tumbled 2.51 percent to 11,327.68 points, while the CAC 40 in Paris fell 2.2 percent to 4,974.07 points.

Madrid fell 2.74 percent and Milan by 2.76 percent.

Meanwhile, London's benchmark ...

 
(MENAFN - AFP) The EU upgraded its growth outlook for the eurozone Tuesday on the back of cheaper oil and a weak currency, but a sudden worsening of Greece's economic woes cast a pall over the brightening situation.

The improved Spring Forecast report said the single currency bloc would avoid much feared deflation as the 19-country area claws its way back to levels last seen ...

 
(MENAFN - AFP) Greece and its creditors on Tuesday ruled out any bailout deal to avoid bankruptcy at a crunch meeting next week, with Athens blaming divisions between the EU and IMF for blocking an agreement.

Finance Minister Yanis Varoufakis led a troupe of Greek officials on a tour of European capitals in the hope of winning financial breathing space and avoiding a possible ...

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