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(MENAFN - AFP) World leaders kick off two days of G7 talks in Japan Thursday with the creaky global economy, terrorism, refugees, China's controversial maritime claims, and a possible Brexit headlining their packed agenda.

Heads of state and government from the United States, Britain, France, Germany, Italy, Canada and host Japan are meeting in Ise Shima, a mountainous, sparsely ...

 
(MENAFN - AFP) ExxonMobil and Chevron investors sided with the oil giants on climate change at annual meetings on Wednesday, rejecting shareholder resolutions to push Big Oil in a greener direction.

Environmentalists had hoped positive momentum from last December's Paris climate accord would galvanize investors to prod the industry to begin the process of rethinking the oil ...

 
(MENAFN - AFP) France said Wednesday it had been forced to dip into strategic fuel reserves due to blockades at refineries as power station workers voted to join gathering protests against controversial labour law reforms.

With football fans due to flood into France in two weeks for the Euro 2016 championships, pressure is piling on the government as the queues at petrol ...

 
(MENAFN - AFP) A breakthrough European Union agreement Wednesday to release fresh bailout funds to Greece averted the threat of a massive default on its debt in coming months.

But the International Monetary Fund -- seen as a crucial partner to the eurozone country's bailout -- faulted the deal saying official EU creditors had still not spelled out long-term debt relief indispensable ...

 
(MENAFN - AFP) Antique cars rust under the fierce Cyprus sun beside vintage motorcycles and gutted lorries, stranded for four decades on the wrong side of a dividing line that didn't exist when they were parked.

Around 400 vehicles were abandoned by their Turkish Cypriot owners at Akrotiri -- one of Britain's two military bases on Cyprus -- after the 1974 Turkish invasion ...

 
(MENAFN - AFP) The New York Times said Wednesday it was offering buyouts to staff as part of its effort to streamline its news operations and become more digitally focused.

A memo to staff seen by AFP said the number of buyouts had not been determined but that the company "will entertain as many applicants as possible."

The Times is not planning any layoff this year, ...

 
(MENAFN - AFP) Citigroup and affiliates were fined $425 million over charges they attempted to manipulate Libor and other leading financial benchmarks, US regulators announced Wednesday.

Citigroup, which was supposed to submit data on actual transactions to help set the internationally-used benchmarks, instead gave false information to benefit its trading positions, according ...

 
(MENAFN - AFP) The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed.

Alibaba said in a regulatory filing that the Securities and Exchange Commission had opened the probe "into whether there have been any violations of the federal securities laws."

Among other things, the SEC ...

 
(MENAFN - AFP) French drugs giant Sanofi threatened Wednesday to sack the entire board of US rival Medivation, dramatically turning up the heat in an acrimonious, multibillion-dollar takeover battle.

Sanofi launched the attempt to replace all board members of Medivation after being repeatedly spurned in its attempts to purchase the group, which makes a high-priced, blockbuster ...

 
(MENAFN - AFP) Eurozone ministers reached Wednesday a deal to unlock urgently needed cash for Greece but analysts warned promises to tackle the country's debt mountain are sketchy, spelling trouble further down the road.

The agreement unlocks 10.3 billion euros ($12 billion) in bailout cash that Greece needs to repay big loans to the European Central Bank (ECB) and International ...

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