Middle East North Africa - Financial Network

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(MENAFN - AFP) Eurozone unemployment and inflation data painted a mixed economic picture Thursday, with the jobless rate edging down while softer prices raised question marks over consumer demand, clouding the outlook.

Analysts said the jobs data was welcome but when set against the slowdown in inflation, it offered little comfort for the European Central Bank which will ...

(MENAFN - AFP) A group of French ballet stars from the renowned Paris Opera donned tutus and tights in the shadow of the crippled Fukushima nuclear plant and twirled their way into the hearts of local students.

About ten dancers held classes at the weekend, their second visit to the region since the 2011 disaster.

The troupe gave dozens of students advice on their technique ...

(MENAFN - AFP) Sierra Leone leader Ernest Bai Koroma declared a state of emergency on Thursday and as the country struggled to contain the deadly Ebola epidemic.

The impoverished country, along with neighbouring Guinea and Liberia, is struggling to contain an epidemic that has infected 1,200 people and left 672 dead across the region since the start of the year.

"Extraordinary ...

(MENAFN - AFP) Fears that the west African Ebola outbreak could spread to other continents grew with European and Asian countries on alert and a leading medical charity warning the epidemic was out of control.

Doctors Without Borders (MSF) said the crisis gripping Guinea, Liberia and Sierra Leone would only get worse and warned there was no overarching strategy to handle ...

(MENAFN - AFP) Hong Kong billionaire Li Ka-shing's conglomerate Hutchison Whampoa on Thursday reported a more than doubling of net profit for the first half of the year.

Net profit rose to HK$28.44 billion ($3.67 billion) for the first six months of 2014, up 129 percent from HK$12.40 billion in the same period last year, the company said.

It was buoyed by a one-off ...

(MENAFN - AFP) Santander, the eurozone's biggest bank by market value, said on Thursday its profits jumped by more than a third in the second quarter as its ratio of risky assets eased.

The Spanish banking giant posted a quarterly net profit of 1.45 billion euros ($1.94 billion), its highest in the past two years and a 38-percent jump compared to the outcome in the same period ...

(MENAFN - AFP) German sportswear and equipment maker Adidas issued a profit warning for 2014 on Thursday due to geopolitical tensions and troubles in its golf division, sending its shares tumbling more than 11 percent.

The company said net profit for the year would only reach about 650 million euros ($870 million), much lower than the 830-930 million euros originally forecast.

Sales ...

(MENAFN - AFP) The European Court of Human Rights on Thursday ordered Russia to pay former shareholders in defunct oil giant Yukos almost 1.9 billion euros ($2.5 billion).

The ruling comes just days after an international arbitration court in The Hague made a similar order for a record $50 billion in compensation over Russia's seizure of the company once owned by Kremlin ...

(MENAFN - AFP) Manchester United's owners on Thursday warned investors the club may struggle to keep their best players if they miss out on Champions League qualification for a second consecutive season.

"Because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition, particularly ...

(MENAFN - AFP) Eurozone unemployment and inflation data painted a mixed economic picture Thursday, with the jobless rate edging down while softer prices raised question marks over consumer demand, clouding the outlook.

The jobless rate in the 18-nation eurozone fell to 11.5 percent in June from 11.6 percent in May, hitting the lowest level since September 2012, the Eurostat ...

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