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(MENAFN - AFP) Argentina's largest cities ground to a halt Tuesday as transport unions went on strike, demanding tax cuts for low-income workers and putting the government on the defensive seven months out from general elections.

An eerie quiet reigned over Buenos Aires as buses, trains and subways began a 24-hour shutdown at midnight, emptying the streets in this city of ...

(MENAFN - AFP) Insurers have begun counting the financial cost of the Germanwings plane disaster, parent company Lufthansa said Tuesday, with hundreds of millions of dollars being set aside to cover compensation for victims' families.

As search teams continued to scour the crash site in the French Alps under arduous conditions, the German flag carrier said $300 million (279 ...

31 Mar 2015   Europe stocks close down 
(MENAFN - AFP) Oil fell Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the crude producer.

Brent North Sea crude for delivery in May slid $1.23 to $55.06 a barrel in London midday deals.

US benchmark West Texas Intermediate (WTI) for May shed $1.11 to $47.57 a ...

(MENAFN - AFP) A deal on Greece's bailout is possible before the end of April, EU Council President Donald Tusk said Tuesday as Athens continued tough talks with its creditors on a disputed list of reforms.

Tusk said the negotiations were "complex", and while nothing was expected before Easter, a late April deadline agreed between Greece and its EU-IMF creditors was still ...

(MENAFN - AFP) Britain's economy grew faster than expected in the final quarter of last year, revised official data revealed Tuesday.

Gross domestic product expanded by 0.6 percent in the last three months of 2014, up from a previous estimate of 0.5 percent, the Office for National Statistics said in a statement.

GDP for last year reached 2.8 percent, higher than the ...

(MENAFN - AFP) Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the European economy faces a dangerous spiral after four straight months of falling consumer prices.

The threat of deflation in the eurozone remains a global concern, with fears that a huge bond-buying spree by the European Central Bank came too late to fight off ...

(MENAFN - AFP) German media giant Bertelsmann said Tuesday that the costs of its strategic reorientation hit its bottom-line in 2014, but would begin to bear fruit this year.

Bertelsmann said in a statement that its net profit fell by 35 percent to 573 million euros ($615 million) in 2014, as a result of 600 million euros in one-off charges.

These were connected with ...

(MENAFN - AFP) Honda said Tuesday it will spend £200 million ($300 million) to upgrade a British factory that the Japanese automaker downsized last year owing to a slump in European demand.

The company said it was aiming to turn its Swindon plant in western England into a global production hub for its five-door Civic compact.

Japan's number-three automaker said the ...

(MENAFN - AFP) Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the economy faces a dangerous spiral after four straight months of falling consumer prices.

Prices in the 19-nation single currency bloc were down 0.1 percent in March, less than the drop of 0.3 percent in February with low energy costs still impacting the cost of ...

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