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(MENAFN - AFP) Air France on Wednesday proposed scrapping its plans to expand its low-cost subsidiary into Europe in a bid to end a crippling pilots' strike.

The airline proposed "the immediate withdrawal" of plans to expand an offshore-based Transavia Europe, but said it would pursue the development of Transavia's services in France.

It called for pilots to return ...

 
(MENAFN - AFP) Shares in Citizens Financial Group rose sharply in their first day of trade in New York on Wednesday, after parent Royal Bank of Scotland lowered the IPO price.

After the second-largest initial public offering of the year, Citizens shares closed at $23.08, up 7.4 percent from its $21.50 per share IPO price.

Trading on the New York Stock Exchange under ...

 
(MENAFN - AFP) Prime Minister Narendra Modi will on Thursday urge the bosses of some of the world's biggest manufacturers to set up shop in India as he tries to shed the country's reputation as a quagmire of red tape and high taxation.

The CEOs of Airbus, Mercedes-Benz and Samsung Electronics are among those invited to the launch of the 'Make in India' campaign as part of ...

 
(MENAFN - AFP) Airbus released Wednesday fresh forecasts that see an ever larger aircraft market thanks to dynamic economic growth in Asia and as airlines decide to buy more fuel-efficient planes.

The European manufacturer said it sees passenger air travel increasing 4.7 percent annually through 2033, generating a need for 31,400 new aircraft worth $4.6 trillion (3.6 trillion ...

 
(MENAFN - AFP) One of two Dutch doctors feared to have been infected with the deadly Ebola virus in Sierra Leone has malaria, Dutch public health authorities said on Wednesday.

"She's being treated for malaria," Harald Wychgel, spokesman for the National Institute for Health and the Environment (RIVM), told AFP of Erdi Huizenga.

"We have carried out tests to see if ...

 
(MENAFN - AFP) The Ebola epidemic is set to explode unless the response is radically intensified, the WHO said Tuesday, warning that hundreds of thousands could be infected by the end of the year.

The UN agency said in a report that new cases would surge from hundreds each week to thousands without "drastic improvements in control measures", with the number of infections ...

 
(MENAFN - AFP) European equities rebounded on Wednesday, a day after tumbling on a sharp slowdown of business activity in the eurozone on hopes the ECB will step up its stimulus, dealers said.

London's benchmark FTSE 100 index climbed 0.45 percent to end the day at 6,706.27 points, Frankfurt's DAX index added 0.70 percent to 9,661.97 points and in Paris the CAC 40 jumped ...

 
(MENAFN - AFP) Air France said Wednesday it would resume talks to solve a bitter and costly strike as confusion swirled over the fate of the low-cost subsidiary at the core of its dispute with pilots.

The decision to pick up negotiations which hit an impasse earlier this week came as government urged a rapid solution to the longest strike in 16 years, which is costing Air ...

 
(MENAFN - AFP) US new-home sales soared 18 percent in August to their fastest pace in more than six years, an encouraging signal amid mixed housing market reports, official data showed Wednesday.

Sales of new single-family houses surged to an annual rate of 504,000, from a revised July rate of 427,000, the Commerce Department reported. The July pace was previously pegged ...

 
(MENAFN - AFP) A Guinean asylum seeker has been hospitalised in Switzerland with suspected Ebola, health authorities announced Tuesday.

"The individual fulfils the criteria for a suspected case of Ebola virus," the Swiss Federal Office of Public Health said in a statement.

He was being monitored under tightly controlled conditions at the University Hospital in the western ...

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