29 June 2017
Updated 04:00
Business

Australian gambling giants get approval to form powerhouse

Australian gambling giants Tabcorp and Tatts were Tuesday given the green light by the competition tribunal to merge, paving the way for the creation of a betting powerhouse following months of uncertainty.

Top EU lawyer

Uber must get licences as ordinary taxi firm

Ride-hailing app Uber may be a pioneer in its field but at heart it is an ordinary taxi company and should be regulated as such, a top EU lawyer said Thursday.

Europe freezes air, rail links with Brussels

Airlines cancelled hundreds of flights and European railways froze links with Brussels Tuesday after a series of bombs blasts killed around 35 people in the city's airport and a metro train, sparking a broad security response.

Cutting jobs and bad debt

UniCredit doubles Q1 profit as overhaul reaps rewards

Italian bank UniCredit said Thursday that its net profit more than doubled in the first quarter as the massive overhaul embarked upon by its new chief executive begins to pay off.

Airplane transport

Emirates airline posts 82.5 pct drop in 2016-17 profit

Emirates airline said Thursday its 2016-17 profit dropped by 82.5 percent to $340 million, citing fierce competition, currency devaluations and US travel restrictions as major challenges.

Foreign trade

Macron victory is «good news» for trade-reliant Asia: IMF

Emmanuel Macron's victory in the French presidential election is «good news» for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund (IMF) said Tuesday.

Commodities

Trafigura-backed oil firm opens $92 mn Myanmar terminal

An oil company backed by global commodities giant Trafigura has opened a $92 million oil and gas terminal in Myanmar to cash in on growing energy demand from the fast-expanding economy.

Fed hikes on course

Asia markets rise on US jobs data, euro dips after Macron rally

Asian and European markets mostly rose Monday following a Wall Street rally as dealers cheered a strong US jobs report, but the euro failed to hold on to early gains after Emmanuel Macron beat far-right candidate Marine Le Pen in France's presidential election.

Exports rose 8.0 percent year-on-year

China's April exports rise but slow from March

Chinese exports rose for the second consecutive month in April, official data showed on Monday, boosted by improving global demand but the increase was slower than the previous month.

Foreign investment

Egypt parliament passes investment law

Egypt's parliament on Sunday adopted a law whose aim is to attract foreign investors to the country as authorities seek to redress its struggling economy.

Energy

Gazprom starts construction of gas pipeline to Turkey

Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to Turkey meant to eventually also serve the European Union.

Energy

Iceland drills 4.7 km down into volcano to tap clean energy

It's named after a Nordic god and drills deep into the heart of a volcano: «Thor» is a rig that symbolises Iceland's leading-edge efforts to produce powerful clean energy.

Market

IBM tumbles as Buffett discloses he is trimming stake

IBM shares tumbled Friday after billionaire investor Warren Buffett revealed he has sold about a third of his stake and «revalued» downward the computing giant.

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Usain Bolt confirms he is in final season of «wonderful career»

Jamaican sprint star Usain Bolt insists this «emotional» season will indeed be his last, bringing the curtain down on a glittering career which galvanised track and field at a time of doping and corruption scandals.

Loew celebrates 100th victory

Germany coach Joachim Loew celebrated the 100th victory as coach of the German soccer team. The record was collected thanks to the victory against Cameroon in the Confederations Cup in Russia. Loew is the leader of the German team with 150 games and has always reached at least the semifinals of each tournament in the last decade.

The Magic of the «Scarlett Vele», a dream night in St. Petersburg

Fireworks for a dream night for Russian maturines. The evening of «Scarlet Vela» was celebrated in St. Petersburg, an event celebrated in the Russian city each year at the end of June during the white nights. This holiday is devoted to high school graduates and inspires Alexander Grin's novel.

Russell Crowe to lead new Asian film jury in Australia

Hollywood star Russell Crowe will chair a jury to decide the best Asian production at Australia's annual film awards this year, which will recognise excellence in Asian movie-making for the first time.