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(MENAFN - AFP) King of fashion Giorgio Armani closed a whirlwind fashion week in Milan on Monday with an autumn/winter 2015 collection starring a new skirt-trousers combo which had all in a tizz.

In marine blues, greens and soft greys, these were no ordinary skirt-over-trousers affairs: while at the front they looked like separate items, at the back the skirt merged into ...

 
(MENAFN - AFP) Brent oil prices sank Monday, after bumper gains before the weekend, as some traders took profits and eyed plentiful crude supplies, analysts said.

European benchmark Brent North Sea crude for April delivery dropped $2.11 to $60.47 a barrel in London late afternoon deals.

On the upside, however, New York's West Texas Intermediate (WTI) for April added ...

 
(MENAFN - AFP) Billionaire philanthropist Bill Gates kept his spot as the world's richest man, a rank he has held for 16 of the past 21 years, Forbes magazine said Monday.

The Microsoft co-founder's fortune increased $3.2 billion since last year to $79.2 billion, the business magazine said, despite a $1.5 billion gift of Microsoft shares to the Bill & Melinda Gates Foundation ...

 
(MENAFN - AFP) Motorists in England and Wales will face tougher penalties for driving under the influence of drugs as new laws take effect on Monday.

Drivers will be prosecuted if they are caught exceeding new legal limits for eight illegal drugs and eight prescription drugs.

Police will use "drugalysers" to screen for cannabis and cocaine at the roadside, and they ...

 
(MENAFN - AFP) Deutsche Bank co-chief Juergen Fitschen will face trial in April on allegations he gave false evidence in a long-running legal battle with the defunct Kirch group, the court said Monday.

Fitschen and four others -- ex-CEOs Rolf Breuer and Josef Ackermann and former executives Clemens Boersig and Tessen von Heydebreck -- were all indicted last September and ...

 
(MENAFN - AFP) US computer giant Hewlett-Packard said Monday it was buying mobile networking group Aruba Networks for some $2.7 billion.

The tie-up between the two California firms gives HP a broader array of offerings for corporate wireless networking as it prepares to split into two separate companies.

"Enterprises are facing a mobile-first world and are looking for ...

 
(MENAFN - AFP) The Nasdaq Composite Index bolted above 5,000 for the first time in 15 years Monday, recovering nearly all the ground since the massive dot-com crash of 2000.

The tech-rich Nasdaq last saw the 5,000 level on March 27, 2000, as it began a steep plunge to below 1,200 two years later as the bubble in technology industry stocks imploded.

The index touched ...

 
(MENAFN - AFP) The EU said it hoped for a "positive outcome" Monday as the Russian and Ukrainian energy ministers held talks in Brussels aimed at resolving gas supply dispute threatening deliveries to Europe.

Russian state-owned gas giant Gazprom threatened last week to cut deliveries to Ukraine and divert supplies instead to eastern parts of the country controlled by pro-Kremlin ...

 
(MENAFN - AFP) US consumer spending and incomes rose in January as a decline in consumer prices picked up speed, Commerce Department data released Monday showed.

Consumer spending, which drives about 70 percent of the economy's activity, rose 0.3 percent in January, rebounding from a slight 0.1 percent dip in December, according to data adjusted for price changes. Without ...

 
(MENAFN - AFP) Global oil prices fell Monday, after bumper gains before the weekend, as many traders took profits and eyed plentiful world crude supplies, analysts said.

European benchmark Brent North Sea crude for April delivery dropped $1.26 to $61.32 a barrel in London early afternoon deals.

New York's West Texas Intermediate (WTI) for April shed 90 cents to ...

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