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(MENAFN - AFP) Excessive alcohol consumption causes one in 10 deaths among US adults, whether because of accidents or medical conditions that arise from long-term drinking, research showed Thursday. Each year, alcohol-related deaths cost the US economy $224 billion, mainly in lost productivity, said a report from the Centers for Disease Control and Prevention.The report ...

 

(MENAFN - AFP) The Portuguese government is to sell its remaining one-third stake in the nearly 500-year-old postal service, under conditions laid down under international bailout terms, it said on Thursday.The government will sell its holding of 31.5 percent in the business which it floated successfully on the stock exchange in December.The post service was one of ...

 

(MENAFN - AFP) Greece will not need another bailout from its European partners once the current two programmes run out, the country's prime minister Antonis Samaras said in a German newspaper interview Thursday. Asked by the business daily Handelsblatt whether Greece would require a third bailout programme, Samaras replied: "No, we won't need that."The Greek leader ...

 

(MENAFN - AFP) French lawmakers adopted a bill on Thursday that will prevent Amazon and other online giants from offering free deliveries of discounted books, in a bid to support the country's small bookshops.The Senate gave its approval for the bill, which had already been unanimously backed in the lower house National Assembly, and it is expected to be signed into law ...

 

(MENAFN - AFP) Mining and commodities giant Glencore Xstrata said Thursday it had appointed its first woman to its board, following criticism of the lack of diversity in its oversight body.The company announced it had appointed Patrice Merrin, 65, as an independent non-executive director "with immediate effect".The move came after the company faced harsh criticism ...

 

(MENAFN - AFP) Carmakers Renault-Nissan and Daimler are to join forces to build small cars in Mexico, a source close to the negotiations told AFP on Thursday. The joint production activities "will not involve big cars and will be in Mexico," the source said. Contacted by AFP, a spokesman for Daimler, which owns the Mercedes-Benz brand, declined to comment, but said ...

 

(MENAFN - AFP) The World Health Organization warned Thursday that dramatic steps were needed to fight the deadliest Ebola outbreak on record, calling an 11-nation meeting to address the crisis. "As the number of deaths and cases of Ebola virus continues to rise in Guinea, Liberia and Sierra Leone, the World Health Organization is warning that drastic action is needed," ...

 

(MENAFN - AFP) South Africa's largest union has called for more than 200,000 engineering and metals workers to down tools for higher wages from Tuesday, just days after platinum miners ended a five-month stoppage."We are going to strike, we are going to bring the industry to a standstill," said Karl Cloete, the deputy general secretary of the powerful National Union of ...

26 Jun 2014   Oil prices edge down 
 

(MENAFN - AFP) Global oil prices drifted lower on Thursday, with Brent slipping underneath $114 per barrel as traders took profits but kept a close eye on conflict in Iraq.In late morning London deals, Brent crude for delivery in August fell eight cents to $113.92 a barrel.US benchmark West Texas Intermediate for August slid one cent to $106.49 a barrel, with losses ...

 

(MENAFN - AFP) Shares in Barclays slid five percent in trading on Thursday after New York prosecutors sued the British bank for fraud - the latest blow to hit the scandal-hit company.Barclays was down 5.04 percent at 218.42 pence on London's FTSE 100 index, which was up 0.02 percent to 6,735.18 points in mid-morning deals.Prosecutors on Wednesday said Barclays had ...

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