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(MENAFN - AFP) British insurer Royal & Sun Alliance said Tuesday that it has received a £5.6-billion ($8.8-billion, 7.7-billion-euro) takeover approach from Swiss rival Zurich Insurance, sending its share price soaring.

RSA announced in a statement that Zurich has made an informal bid of 550 pence per share, adding that the pair are now in talks.

"The board has ...

 
(MENAFN - AFP) European stock markets roared back into the black Tuesday, with most indices regaining much of the steep losses suffered the previous session on fears of economic slowdown in China.

In trading around 1130 GMT, London's FTSE 100 index was up 3.53 percent, the CAC 40 in Paris rose 4.58 percent and the DAX 30 in Frankfurt climbed 4.28 percent.

The trio ...

 
(MENAFN - AFP) The German economy, Europe's biggest, stands rock solid in the current stormy global economic seas, with growth picking up, confidence on the rise and its public finances firmly in the black, data showed on Tuesday.

While the slowing Chinese economy triggers panic in the world's stock markets and conjures up the spectre of a new global financial crisis, German ...

 
(MENAFN - AFP) Shanghai stocks closed down 7.63 percent on Tuesday, piling on fresh heavy losses after their worst daily fall since 2007 sparked panic selling around the world.

China's benchmark Shanghai Composite Index dropped 244.94 points to 2,964.97 on turnover of 358.7 billion yuan ($56.1 billion) after slumping as much as 8.16 percent during the day.

The close ...

 
(MENAFN - AFP) How to define Nazi-era "loot" is central to what could prove a touchy book launched on Tuesday on the controversy surrounding one of Europe's most prestigious private art collections, the impressionist works acquired by E.G. Buehrle.

The late industrialist amassed a fortune selling weapons to both the Nazis and the Allies during World War II, wealth that helped ...

 
(MENAFN - AFP) The number of people with dementia worldwide will nearly triple from 47 million today to 132 million in 2050, a report said Tuesday.

Dementia is an umbrella term for degenerative diseases of the brain characterised by a gradual decline in the ability to think and remember.

Accounting for well over half of cases, Alzheimer's is the most common form of ...

 
(MENAFN - AFP) Scientists have taken a major step towards creating a vaccine that works against multiple strains of influenza, according to two studies published Monday in top journals.

A "universal vaccine" is the holy grail of immunisation efforts against the flu, a shape-shifting virus which kills up to half a million people each year, according the World Health Organization.

There ...

 
(MENAFN - AFP) Sierra Leone's last known Ebola patient was released from hospital Monday, raising hopes the west African nation may finally have beaten the devastating epidemic.

President Ernest Bai Koroma hailed "the beginning of the end of Ebola in Sierra Leone" as Adama Sankoh, 34, was released from hospital in Makeni, the country's third-largest city, in a festive ceremony.

With ...

 
(MENAFN - AFP) Apple went for a harrowing stock market ride on Monday, plummeting on concerns about China's economy, then snapping back after a rare public reassurance by chief Tim Cook.

The world's most valuable tech company saw billions of dollars in worth come and go as its share price dove out of the gate, climbed into positive territory hours later and then ended the ...

 
(MENAFN - AFP) British insurer Royal & Sun Alliance said on Tuesday it has received a £5.6-billion ($8.8-billion, 7.7-billion-euro) takeover approach from Swiss rival Zurich Insurance.

RSA announced in a statement that Zurich has made an informal bid of 550 pence per share, adding that the pair are now in talks.

"The board has indicated to Zurich that it would ...

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