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(MENAFN - AFP) Chanel's artistic director Karl Lagerfeld reckons founder Coco Chanel would have hated his work as an exhibition dedicated to the luxury fashion brand opened in London Tuesday.

"I don't think she'd agree with me," Lagerfeld told reporters at the Saatchi Gallery at a preview of its "Mademoiselle Prive" show.

"She would have hated (my work)," the octogenarian ...

(MENAFN - AFP) The world's biggest brewer Anheuser-Busch InBev toasted Tuesday a $122-billion deal to swallow British rival SABMiller, targeting Africa and China and aiming to serve one in three beers globally.

The giant behind top lager brands like Beck's, Budweiser and Stella Artois has finally clinched an informal deal to buy the London-listed maker of Foster's, Miller ...

(MENAFN - AFP) All attempts to curb free speech are "an attack on human nature", British-Indian writer Salman Rushdie said Tuesday at the start of the world's biggest book fair in Frankfurt.

"Limiting freedom of expression is not just censorship, it is also an assault on human nature," Rushdie told a news conference.

"Expression of speech is fundamental to all human ...

(MENAFN - AFP) Investor sentiment in Germany slumped in October as the Volkswagen pollution cheating scandal and slowing emerging markets growth dampen the outlook for Europe's top economy, a leading survey said Tuesday.

The widely watched investor confidence index calculated by the ZEW economic institute sank 10.2 points from 12.1 last month to just 1.9 points, its lowest ...

(MENAFN - AFP) EU lawmakers on Tuesday rejected a hard-won compromise which allows member states to decide for themselves whether or not to import Genetically Modified Organisms for use in food and animal feed.

The European Parliament's environmental committee voted 47 to 3 to reject the European Commission's proposal but did so on technical grounds, not the health and safety ...

(MENAFN - AFP) Twitter said Tuesday it was slashing eight percent of its workforce as newly returned chief executive Jack Dorsey seeks to carve out a strategy to boost users and revenues at the money-losing messaging platform.

The cuts -- which amount to 336 jobs -- come less than a week after Dorsey, one of the founders of Twitter, returned to the job of CEO on a permanent ...

(MENAFN - AFP) France on Tuesday announced a series of deals worth 10 billion euros ($11.4 billion) with Saudi Arabia, reinforcing growing ties between the two countries.

Prime Minister Manuel Valls announced the deals, some still to be finalised, on Twitter during a visit to Riyadh.

He said they showed that his government was "mobilised for our companies and employment".

The ...

(MENAFN - AFP) Europe's main stock markets lost ground Tuesday on disappointing data out of economic powerhouses China and Germany, traders said as Wall Street also took its downward cue at its opening bell.

Focus was also on the brewing sector after Foster's maker SABMiller announced that it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, ...

(MENAFN - AFP) German Finance Minister Wolfgang Schaeuble conceded Tuesday that Berlin could miss its goal of achieving a balanced budget next year because of the record migrant influx.

"We want to achieve this without taking on new debt, if possible," said Schaueble.

"They've asked me why I say 'if possible'. But the truth is: I don't know," he told a Berlin congress ...

(MENAFN - AFP) Auto sales in China edged up in September from a year ago, snapping a five-month falling streak in the world's largest car market, an industry group said Tuesday.

Vehicle sales in the country began dropping in April as the world's second-largest economy lost steam and consumer income growth slowed, battering demand for new cars.

But a total of 2.02 million ...

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