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French wine and spirits group Pernod Ricard has said its full-year profits rose but were below analyst expectations (© AFP/File - Mychele Daniau)

Pernod Ricard reports profit rise

PARIS (AFP) - French wine and spirits group Pernod Ricard, the maker of Absolut vodka and Havana Club rum, on Thursday said its full-year profits rose slightly but the result came in below analyst expectations.

Published 6 days, 14 hours, 39 minutes ago

EU foreign policy chief Catherine Ashton has met with Chinese Foreign Minister Yang Jiechi (© AFP/File - John Thys)

EU's Ashton meets Chinese foreign minister

BEIJING (AFP) - EU foreign policy chief Catherine Ashton met Chinese Foreign Minister Yang Jiechi on Thursday as she looked to wrap up a visit thought to have included talks on trade, environment and security issues.

Published 6 days, 15 hours, 56 minutes ago

The daily global foreign exchange market turnover has grown some 20 percent over three years, says a key banking body (© AFP/File - Leon Neal)

Global crisis drives investors to forex markets

LONDON (AFP) - The global economic crisis has driven investors to the forex markets where turnover has soared to a staggering four trillion dollars a day -- equal to what Germany produces in a year.

Published 6 days, 16 hours ago

Japan's economic growth during the 1990s averaged out at just one percent a year (© AFP/File - Toru Yamanaka)

Industrialised world's 'lost decade' risk: experts

PARIS (AFP) - With momentum sputtering in many countries, economists fear the industrialised world is facing a period of slow growth and high unemployment similar to the "lost decade" endured by Japan in the 1990s.

Published 6 days, 16 hours, 18 minutes ago

Singapore-based retail group Dairy Farm is one of a number of firms bidding for Carrefour's south east Asian sell-off (© AFP/File - Saeed Khan)

Bids roll in for Carrefour's S.E. Asian stores

SINGAPORE (AFP) - British and Japanese retail giants along with local operators are in an auction battle to take over the Southeast Asian business of French supermarket chain Carrefour, reports said Thursday.

Published 6 days, 17 hours, 39 minutes ago

A traffic jam in Beijing, China where the country has taken over the title of the world's top auto market (© AFP/File - Liu Jin)

China auto sales up 55.7 percent in August

SHANGHAI (AFP) - China's auto sales jumped 55.7 percent in August from a year earlier, boosted by Beijing's new subsidies scheme for energy-saving vehicles, state media said Thursday.

Published 6 days, 18 hours, 5 minutes ago

European companies operating in China have called for greater market access and a level playing field (© AFP/File - John Macdougall)

European firms in China urge level playing field

BEIJING (AFP) - European companies in China on Thursday called for greater market access and a level playing field with Chinese rivals amid growing frustration among foreign firms over perceived unfair treatment.

Published 6 days, 18 hours, 30 minutes ago

A model poses next to a Ferrari 458 Italia (© AFP/File - Peter Parks)

Ferrari recalls 1,250 sports cars after some catch fire

ROME (AFP) - Italian automaker Ferrari announced Wednesday it had recalled all versions of its model 458 Italia sports car produced before July 2010 after four of them caught fire.

Published 7 days, 3 hours, 12 minutes ago

GM said sales plummeted to 185,176 vehicles from 246,479 last August (© AFP/Getty Images/File - Bill Pugliano)

US auto sales plummet in August

NEW YORK (AFP) - The embattled US car industry recorded one of its worst months as giants General Motors, Ford and Toyota reported Wednesday a big drop in American sales in August.

Published 7 days, 3 hours, 53 minutes ago

Apple CEO Steve Jobs announces a new touch screen version of the iPod Nano (© AFP/Getty Images - Justin Sullivan)

Apple unveils new iPods

SAN FRANCISCO (AFP) - Apple chief executive Steve Jobs unveiled a refreshed line of iPod media players on Wednesday including a new iPod Touch which allows for video calling.

Published 7 days, 4 hours, 21 minutes ago

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