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(MENAFN - AFP) An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue.

The International Monetary Fund's Independent Evaluation Office said in its report Thursday that in the plunge into the eurozone crisis, the Fund's executive board was poorly ...

 
(MENAFN - AFP) Efforts to find a drug that may slow the progression of Alzheimer's disease saw a glimmer of hope this week in a small trial using an experimental treatment.

Researchers are testing the drug, known as LMTM and made by TauRx Therapeutics, Ltd. of Singapore, to see if it can reduce the accumulation of the protein tau in the brain.

When tau malfunctions, ...

 
(MENAFN - AFP) NASA's Apollo astronauts, the only humans to have travelled beyond Earth's protective magnetosphere, die disproportionately of heart and blood vessel diseases, researchers said Thursday, blaming radiation.

This raises health concerns for all humans with dreams of travelling to the Moon, Mars or beyond, as space agencies and private companies vie to expand humankind's ...

 
(MENAFN - AFP) Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday.

The South Korean giant delivered 77 million smartphones in the quarter, up 5.5 percent from a year ago, for a market share of 22.4 percent, research firm IDC said.

That compared ...

 
(MENAFN - AFP) The New York Times Co. swung to a loss in the second quarter, hurt by weaker advertising revenues as it seeks to navigate a transition to digital.

The Times reported a net loss for shareholders of $211,000, compared with a profit of $16 million in the same period a year ago.

Overall revenues edged up three percent to $219 million, but ad revenues slid ...

 
(MENAFN - AFP) Singapore Airlines (SIA) on Thursday said its group net profit for the first quarter nearly tripled from the previous year due to lower fuel prices and divestment gains.

Net profit for the three months to June came in at Sg$257 million (US$190 million), up 182 percent from Sg$91.2 million in the same period last year, the airline said in a statement.

On ...

 
(MENAFN - AFP) Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday.

Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to corporate clients.

"Oracle and NetSuite cloud applications are complementary, and will coexist in ...

 
(MENAFN - AFP) New claims for US unemployment insurance rose modestly in the third week of July but remained at a sustained low level unseen since the 1970s, the Department of Labor reported Thursday.

Initial claims for unemployment insurance in the week ending July 23 stood at 266,000. The figure was 14,000 over the prior week's total of 252,000, a six-percent rise.

Claims ...

 
(MENAFN - AFP) A Russian snowplough driver on Thursday pleaded guilty to causing the fatal 2014 Moscow airport jet crash that killed the head of French oil giant Total.

Total chairman and CEO Christophe de Margerie, two pilots and a flight attendant died when their Falcon jet was hit by the snowplough during take-off at Moscow's Vnukovo airport on the night of October 20, ...

 
(MENAFN - AFP) Gloal stocks and the dollar slid Thursday after the US Federal Reserve held interest rates and indicated it would take a slow, measured approach to any hikes.

Markets also digested a barrage of company results, including from Britain's Lloyds Banking Group, Rolls-Royce and Royal Dutch Shell, as well as France's Carrefour, BNP Paribas and Renault, and Germany's ...

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