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(MENAFN - AFP) British economic growth slowed to 0.7 percent in the third quarter of 2014 from output in the previous three months, official data showed Wednesday, confirming the previous estimate.

Economic output in the July-September period was propelled by consumer spending, the Office for National Statistics said in a statement.

Household consumption grew 0.8 percent ...

 
(MENAFN - AFP) EE confirmed Wednesday that it has held "exploratory" discussions over a possible sale of its mobile business to BT Group, which would result in Britain's former national operator regaining a mobile network.

Earlier this week, BT announced it had been approached by shareholders from two operators -- Spanish peer Telefonica and one other unnamed group -- with ...

 
(MENAFN - AFP) Russia's biggest lender Sberbank said Wednesday its profits fell 10 percent year-on-year in the first nine months of 2014 as the sanctions-hit bank stepped up loan-loss provisions due to the slowing economy and falling ruble.

"The group's net profit in the first nine months of 2014 was 241.3 billion rubles, down 10.1 percent compared to the same period of 2013," ...

 
(MENAFN - AFP) Europe's main stock markets rose Wednesday as the European Central Bank signalled it could begin purchasing government bonds next year, with sentiment also supported by upbeat US growth data.

The Frankfurt-based ECB will be able to gauge early next year whether it needs to start buying sovereign bonds to stimulate the eurozone economy, its deputy president ...

 
(MENAFN - AFP) Thomas Cook's share price tumbled by more than a fifth on Wednesday after the British travel group announced the exit of chief executive Harriet Green.

Green has left with immediate effect and has been replaced by chief operating officer Peter Fankhauser, the group said in a statement to the London Stock Exchange.

In reaction, shares tumbled 20.09 percent ...

 
(MENAFN - AFP) Overweight and obesity is now causing nearly half a million new cancer cases in adults every year, roughly 3.6 percent of the world's total, a study said Wednesday.

A quarter of these cases are "realistically avoidable," said the authors of the work published in The Lancet Oncology.

Led by scientists at the International Agency for Research on Cancer ...

 
(MENAFN - AFP) The United States on Tuesday announced sweeping new rules forcing chain restaurants and pizza parlors to publish calorie counts on menus in an attempt to combat the nation's obesity epidemic.

The Food and Drug Administration (FDA) said chain restaurants and vending machines with 20 or more locations would be required to provide customers with full nutritional ...

 
(MENAFN - AFP) The European Central Bank is under fire in Germany because of its policy of negative interest rates, which is prompting some banks to charge customers for holding money in their bank accounts.

In Germany, where saving is considered a virtue, the announcement by one of the country's biggest lenders, Commerzbank, that it will start charging clients with high ...

 
(MENAFN - AFP) Samsung Group announced Wednesday the sale of stakes in four petrochemical and defence affiliates for $1.7 billion as the South Korean giant steps up restructuring efforts ahead of a generational ownership succession.

The sale to the Hanwha conglomerate, which has major petrochemical holdings, is expected to be finalised in the first half of next year, Samsung ...

 
(MENAFN - AFP) European Commission chief Jean-Claude Juncker was set to unveil an eagerly awaited 300-billion-euro investment plan in European Parliament on Wednesday, intended to boost the continent's flatlining economy.

The plan is the cornerstone of Juncker's five-year agenda to jumpstart the EU's moribund economy, which has failed to grow since the financial crisis and ...

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