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(MENAFN - AFP) Some 3,000 cases of cholera have been reported in Tanzania, mainly among Burundian refugees fleeing political violence, the UN said Friday, adding that up to 400 new cases were being counted daily.

So far, 31 people have died of the water-borne disease in the area around the western Tanzanian border town Kaguna, which has been flooded with refugees, the UN ...

 
(MENAFN - AFP) European stock markets diverged on Friday as investors' attention shifted to an EU summit over relations with the ex-Soviet states and the Greek crisis as well as upcoming US data.

In the euro area, Frankfurt's DAX 30 lost 0.37 percent to stand at 11,820.96 points in early afternoon deals and the CAC 40 in Paris dipped 0.03 percent to 5,145.30 points compared ...

 
(MENAFN - AFP) Malaysian state energy firm Petronas said Friday it made a net profit of 11.4 billion ringgit ($3.18 billion) in the first quarter -- more than 7 billion ringgit lower than the same period last year -- due to the slump in global oil prices.

In the first quarter of 2014, Petronas, the single largest revenue contributor to the Malaysian government, posted an ...

 
(MENAFN - AFP) German airline Lufthansa is weighing possible regular spot medical checks for pilots, its chief said on Friday, after one of them deliberately crashed a jet over the French Alps in March, killing 150 on board.

"Unannounced checks" could be a "possible means" to ascertain whether pilots were regularly taking anti-depressives, which could provide an indication ...

 
(MENAFN - AFP) The economic skies above Europe are clearing after the long years of crisis and it is imperative that governments take advantage of this to get their economies in order, European Central Bank president Mario Draghi said on Friday.

"The economic outlook for the euro area is brighter today than it has been for seven long years," Draghi told an economic forum ...

 
(MENAFN - AFP) The German economy, Europe's biggest, appears to have reached cruising altitude as business confidence maintained its current high level in May, the Ifo economic institute said Friday.

The Ifo institute's closely watched business climate index eased slightly to 108.5 points this month from 108.6 points in April, the think tank said in a statement.

It ...

 
(MENAFN - AFP) One of the worst strikes in Turkey's thriving car industry for years that has affected several manufacturers eased on Friday as Fiat employees returned to work.

Production at Tofas -- Fiat's joint venture in Turkey with the Koc Holding conglomerate -- resumed on Friday at 0400 GMT, the company said in a statement.

The strike wave began last Thursday ...

 
(MENAFN - AFP) The economic skies above Europe are clearing after the long years of crisis and governments should take advantage of this to get their economies in order, European Central Bank president Mario Draghi said on Friday.

"The economic outlook for the euro area is brighter today than it has been for seven long years," Draghi told an economic forum in Sintra, Portugal.

The ...

 
(MENAFN - AFP) Toshiba said Friday it was expanding an accounting probe to its television, memory chip, and computer divisions, after earlier warning the investigation would take a toll on its balance sheet.

The huge conglomerate, which makes everything from batteries to nuclear reactors, said last week it was revoking its earnings forecast for the past fiscal year and would ...

 
(MENAFN - AFP) The world's second luxury goods group Richemont confirmed Friday that its annual net profit fell by more than a third due to losses on financial instruments.

During its 2014/15 financial year, which ended on March 31, the Swiss company earned in 1.3 billion euros ($1.4 billion) in net profit, down 35 percent from a year earlier, it said.

The drop was ...

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