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(MENAFN - AFP) US producer prices edged higher in July, with gains slowing sharply from the prior month, official data released Friday showed.

The Labor Department said its producer price index rose 0.1 percent in July, after a 0.4 percent increase in June.

Rises in services prices, primarily in transportation and warehousing, accounted for the PPI increase, while goods ...

(MENAFN - AFP) Major share markets in Europe and the United State tumbled on Friday after news that Ukrainian artillery destroyed part of a military convoy that crossed from Russia into eastern Ukraine.

At 1515 GMT the Dow Jones index had lost 0.35 percent and the Nasdaq 0.03 percent after opening higher. European shares gave up solid gains, with Frankfurt's DAX 30 slumping ...

(MENAFN - AFP) US stocks pushed higher in early trade Friday, looking toward a possible third straight gain helped by data showing the economy continues to grow with inflation in check.

About 50 minutes into trade, the Dow Jones Industrial Average was up 54.46 points (0.33 percent) to 16,768.04.

The broad-based S&P 500 gained 7.92 (0.41 percent) at 1,963.10, while ...

(MENAFN - AFP) The Ebola outbreak that has already claimed more than 1,000 lives in west Africa is moving faster than aid organisations can handle, the medical charity MSF said Friday.

The warning came just a day the World Health Organization said the scale of the epidemic had been vastly underestimated and that "extraordinary measures" were needed to contain the killer ...

(MENAFN - AFP) China on Friday published a draft of long-awaited property registration rules, a move expected to stabilise the real-estate market and help crack down on corruption.

Real estate taxes based on a national registration system of property ownership are regarded as an effective way to curb speculation, as the government seeks to rein in years of surging house prices ...

(MENAFN - AFP) The US retail chain Albertsons, which has 1,060 department stores in the United States, and its former owner SuperValu say their computer systems have been raided by hackers seeking credit card data.

Both companies acknowledged the intrusion in statements released overnight Thursday.

They said it was not yet clear if credit card data had in fact been ...

(MENAFN - AFP) Austrian real estate group Signa, owned by businessman Rene Benko, announced Friday it will take full control of the ailing German department store Karstadt from US-German investor Nicolas Berggruen.

"At the beginning of next week, Signa Retail will acquire the whole of Karstadt Warenhaus GmbH from Berggruen Holdings," the group said in a statement.

"In ...

(MENAFN - AFP) US universities dominated the top 20 in an annual ranking of global educational institutions released by a Chinese organisation Friday, with Harvard remaining in first place ahead of Stanford.

The top 20 in the 2014 Academic Ranking of World Universities included only four non-American institutions, all from Europe, including Cambridge in fifth place and Oxford ...

(MENAFN - AFP) No signs along the long and dusty mountain road point the way to the Cultural Revolution museum complex.

And this year, no commemoration for the millions of victims of Mao Zedong's mayhem was held on the anniversary of its start.

The mountaintop museum on the outskirts of Shantou chronicles an uncomfortable chapter of history that China's ruling Communist ...

(MENAFN - AFP) Britain's economy grew by 0.8 percent in the second quarter of 2014 compared with output in the first three months of the year, official data showed on Friday.

Gross domestic product had also expanded by 0.8 percent during the first quarter of the year, the Office for National Statistics said in a statement, confirming initial estimates provided last month.

GDP ...

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