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(MENAFN - AFP) A prototype drug that has been urgently given to a handful of patients with Ebola has cleared an important test hurdle, showing that it cured lab monkeys with the disease, scientists said Friday.

Normally, experimental drugs are tested first on animals and then on progressively larger groups of humans to ensure they are safe and effective.

But, in an ...

 
(MENAFN - AFP) Japan's Panasonic will develop a water purification system together with India's Tata Group, tapping into a fast-growing market in Asia, a media report said Saturday.

The electronics giant has developed a prototype of a device that will detoxify harmful substances in groundwater, making it potentially safe to drink, the Japanese economic daily Nikkei said.

The ...

 
(MENAFN - AFP) A US appeals court on Friday ruled that Oracle be given a choice between $356.7 million or a new trial for its copyright lawsuit against German rival SAP.

The settlement amount would be less than a third of the $1.3 billion SAP was ordered to pay the Silicon Valley giant by a jury in November 2010.

The ruling Friday by a panel of three judges in the Ninth ...

 
(MENAFN - AFP) Brazil, Latin America's largest economy, has slid into recession, further weakening President Dilma Rousseff, who faces an increasingly tough re-election battle on October 5.

GDP shrank 0.6 percent in the second quarter, Brazil's national statistics institute said Friday, and revised its formerly positive growth estimate for the first quarter down to -0.2 percent. ...

 
(MENAFN - AFP) The International Monetary Fund approved Friday the release of nearly $1.4 billion in fresh funds for troubled Ukraine, but warned that continued fighting could undermine the international bailout of the country.

The global crisis lender said Kiev had "generally" implemented economic reforms required under the support program launched in April, though it had ...

 
(MENAFN - AFP) Moscow's latest warning that Europe could run short of Russian gas this winter lacks credibility, analysts say, as the prospect of new Western sanctions over the Ukraine crisis rises.

Russia is the EU's top supplier of gas which much of the supplies transiting through Ukraine. The 28-nation bloc depends on energy imports for more than 50 percent of its needs, ...

 
(MENAFN - AFP) The board of the International Monetary Fund reiterated its support for Managing Director Christine Lagarde Friday, after a French court placed her under formal investigation in a graft scandal.

"As we have said before, it would not be appropriate to comment on a case that has been and is currently before the French judiciary," it said in a statement.

''The ...

 
(MENAFN - AFP) The S&P 500 closed August with another record Friday, continuing its slow climb even as tensions pick up in Ukraine and after Britain warned of a possible terror attack.

The broad-market gauge pushed back above 2,000, the milestone it closed above for the first time on Tuesday, to finish at 2,003.36, up 6.62 points (0.33 percent) for the day.

The ...

 
(MENAFN - AFP) Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC).

IDC on Friday cut its forecast for shipments of tablets and "two-in-one" devices combining tablet and laptop features to 233.1 million, saying growth would be about half of what was originally predicted.

"When ...

 
(MENAFN - AFP) Russia has temporarily closed 12 branches of McDonald's on health grounds and is carrying out more than 100 inspections, the US fast food chain said Friday.

Russia has cracked down on McDonald's this month, closing three other branches of the hugely popular burger chain over alleged hygiene violations in a move widely seen as a retaliation against Western sanctions ...

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