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(MENAFN - AFP) Around one million people thronged the streets of a sun-drenched Zurich Saturday to take part in the Swiss city's annual techno Street Parade, organisers said.

Fans from across Europe began gathering around 1100 GMT, before dancing through the heart of Switzerland's financial capital to the high-decibel electronic beats blaring from 26 floats, known as "lovemobiles".

With ...

 
(MENAFN - AFP) The oil and gas producer Nexen Energy, a Canadian subsidiary of China's CNOOC, was forced to suspend operations Saturday at 95 pipelines after a major leak last month.

The leak in Alberta, western Canada, spilled some 31,500 barrels (five million liters) of oil sands, prompting concern and criticism from environmental groups.

The Alberta Energy Regulator ...

 
(MENAFN - AFP) Chinese Premier Li Keqiang has issued assurances over his country's economy after global markets were roiled by concerns over its slowing growth, state media reported on Saturday.

Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world's number two economy will ...

 
(MENAFN - AFP) Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

In a speech at a conference on monetary policy in Jackson Hole, Wyoming, the Fed's number two said: "We should not wait until inflation is back to two percent to begin tightening."

He added, ...

 
(MENAFN - AFP) Polish tour guide and ex-treasure-hunter Andrzej Gaik cannot contain his excitement as he points to the train track slope that has left the world spellbound: hidden in its depths may very well be a Nazi gold train.

"There it is, that's where the tunnel's entryway was located, that's where the train is hidden," Gaik says while indicating a slightly sunken-in ...

 
(MENAFN - AFP) Polish tour guide and ex-treasure-hunter Andrzej Gaik cannot contain his excitement as he points to the train track slope that has left the world spellbound: hidden in its depths may very well be a Nazi gold train.

"There it is, that's where the tunnel's entryway was located, that's where the train is hidden," Gaik says while indicating a slightly sunken-in ...

 
(MENAFN - AFP) Dreadlocked Indian holy men and waves of Hindu pilgrims washed away their sins with a religious dip on the first main bathing day of India's massive Kumbh Mela festival Saturday.

The sadhus, or "Godmen", naked and with their faces painted, danced and chanted as they jumped into a holy ghat at a temple in the western Indian state of Maharashtra.

Tens of ...

29 Aug 2015   Brazil tumbles into recession 
 
(MENAFN - AFP) Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.

In the second quarter of this year, gross domestic product fell 1.9 percent, according to official figures.

GDP had already been down 0.7 percent ...

29 Aug 2015   Brazil tumbles into recession 
 
(MENAFN - AFP) Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.

In the second quarter of this year, gross domestic product fell 1.9 percent, according to official figures.

GDP had already been down 0.7 percent ...

 
(MENAFN - AFP) The United Nations has called a Dutch character with a black face who appears every Christmas a "vestige of slavery" and said The Netherlands should begin overturning the popular tradition.

But Prime Minister Mark Rutte said the fate of "Black Pete", a sidekick of the Dutch Saint Nicholas, is not up to his government, calling the controversy a "social issue" ...

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