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(MENAFN - AFP) Thomson Airways and Monarch on Monday said they were delaying the resumption of regular flights to the Egyptian Red Sea resort of Sharm el-Sheikh until mid-December and after the new year respectively.

"Monarch can confirm that it has now cancelled all flights from the UK to Sharm El Sheikh up to and including Wednesday 6 January 2016," the company said in ...

(MENAFN - AFP) The International Monetary Fund welcomed China's yuan into its elite reserve currency basket on Monday, recognizing the ascendance of the Asian power in the global economy.

The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international reserve asset.

IMF ...

(MENAFN - AFP) Consumer prices in Germany, Europe's biggest economy, rose by an estimated 0.4 percent in November, driven by higher costs for food, services and rents, official data showed on Monday.

The preliminary flash estimate could help assuage concerns of deflation in the eurozone as a whole, even if energy prices are continuing to fall.

Germany's national inflation ...

30 Nov 2015   Lukoil's 3Q profits fall 61% 
(MENAFN - AFP) Russia's largest private oil firm Lukoil said Monday its profits dropped 61 percent in the third quarter compared with a year earlier due to the slide in oil prices.

The company reported its net income was $623 million in the July-September period. Analysts interviewed by Interfax news agency had estimated net profits at $795 million.

Lukoil's revenues ...

30 Nov 2015   BlaBlaCar moves into Brazil 
(MENAFN - AFP) French start-up BlaBlaCar, the world's largest long-distance car-sharing service with some 20 million members, on Monday said it was moving into Brazil.

Having already launched services in Mexico in April and raised $200 million in new investment in September, BlaBlaCar said it saw great potential in Brazil, where some 50 million cars hit the roads daily.

"Brazil ...

(MENAFN - AFP) Eurozone stock prices were on hold at the close Monday with all eyes on this week's policy meeting of the European Central Bank, set to offer further stimulus to boost the single currency bloc.

Following Thursday's ECB gathering, attention will turn to Friday's US jobs data and the outcome of OPEC's meeting on oil output levels.

Markets will be keeping ...

(MENAFN - AFP) Northern Ireland's restrictive abortion legislation is in breach of human rights law, the Belfast High Court found on Monday in a judgement hailed as "historic".

The case was taken by the Northern Ireland Human Rights Commission in a bid to allow women and girls to access abortion in cases of rape, incest, or where their baby has no chance of survival, without ...

(MENAFN - AFP) Oil prices rose Monday as the market looked ahead to the end of the week when OPEC decides on whether to change its crude production target.

Attention is also on the United States ahead of Friday's jobs data and on China as the world's biggest energy consumer prepares to publish manufacturing numbers.

Ministers representing members of the Organization ...

(MENAFN - AFP) Greece's central bank and police were on alert Monday to thwart any cyberattack against three Greek banks after a threat by hackers demanding bitcoin as ransom, officials said.

A police source said a group named Armada Collective had demanded 700 units of the virtual currency called bitcoins -- the equivalent of 15,000 euros ($16,000) to call off the incursion.

"It ...

(MENAFN - AFP) China's stock markets were hit by another wave of volatility Monday after suffering their heaviest losses since the summer rout, while most other Asian markets started an eventful week on the defensive.

Chinese dealers were buoyed by hopes the International Monetary Fund will agree to a proposal from its executive board to include the Chinese yuan in its special ...

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