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(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 ...

(MENAFN - AFP) Faurecia, the car parts division of French carmaker Peugeot Citroen, said Tuesday it was creating a joint venture with Chinese auto giant Dongfeng that would double its business in the country.

While Faurecia has long been present in China, the joint venture deepens its relationship with the country's number two carmaker, which last year took part control of ...

(MENAFN - AFP) Kingfisher, Europe's biggest home-improvements retailer, said Tuesday it would close 60 stores in Britain and Ireland, a day after pulling out of a takeover for French chain Mr Bricolage.

British group Kingfisher, which owns the chains B&Q and Screwfix in Britain as well as Castorama and Brico Depot in France, said it would close the stores over the next ...

(MENAFN - AFP) Insurers are setting aside $300 million (279 million euros) in provisions for the air crash in the French Alps that killed 150 people, German airline Lufthansa said on Tuesday.

The sum includes financial compensation for the families of the people who died and the cost of the Airbus A320 jet itself, which belonged to the low-cost carrier Germanwings, a spokeswoman ...

(MENAFN - AFP) Samsung and LG agreed Tuesday to end all pending legal disputes that had seen the South Korean electronics rivals accuse each other of stealing technology and vandalising products.

A recent series of feuds between the two giants even saw one senior LG executive indicted by prosecutors for allegedly sabotaging Samsung's washing machines at a trade fair in Germany ...

(MENAFN - AFP) A new smartphone app developed in Seoul aims to help North Korean refugees overcome one of the biggest challenges they face in adjusting to life in South Korea -- speaking Korean.

Seven decades of almost total separation have engineered a radical split in the once common language of the two Koreas.

For North Korean defectors who risk their lives escaping ...

(MENAFN - AFP) Wearing gas masks and designer dresses, models paraded down a catwalk against a backdrop of polluted, rubbish-strewn paddy fields in central Indonesia, a colourful condemnation of the fashion industry's role in causing environmental devastation.

The women marched up and down in black rubber boots on a runway of wooden planks to dance music, brandishing banners ...

(MENAFN - AFP) In the conflict-torn eastern Ukraine town of Yasynuvata, residents are overcoming their fear and boarding a popular local train for the first time in many months, spurred by the chance to see loved ones.

The rail link between Yasynuvata and the city of Lugansk, both controlled by pro-Russian separatists, reopened Saturday following a seven-month break, as ...

(MENAFN - AFP) As artists, they pushed the limits, bathing in blood, mud and urine. Vienna's famed "Actionists", whose avant garde movement may be the most radical in contemporary art, are the focus of a new exhibition in their home city.

The movement emerged in the 1960s as part of the new performance-based art, which broke with the confines of traditional painting and used ...

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