Paris, France - Airbus will build a helicopter assembly line in India with Indian conglomerate Tata, the European aircraft manufacturer said Friday. The deal was announced during a two-day visit to India by French President Emmanuel Macron. Airbus said the facility -- which will take two years to set up -- would...

The company’s revenues rose 11 percent to $15.5 billion.

Telecoms giants say that they need more money to maintain and update the infrastructure to meet Europe's voracious data needs, and that it would be fairer if firms like Netflix contributed towards the cost. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear...

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the Iranian Defense Ministry said. Speaking to Tasnim, Brigadier General Reza Talaee Nik said Iranian-made military drones have a lot of potential customers. Many countries, including a number of Western and...

LIVERPOOL, UK - Liverpool manager dismissed suggestions on Friday that Mohamed Salah could become the latest star name to depart European football for Saudi Arabia. According to reports, Al-Ittihad are trying to lure the Egyptian to the Gulf state with a huge salary offer that would rival the deals that enticed...

European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris stocks were up by more than one percent, with both Frankfurt and London also pushing higher. Market sentiment has taken a hammering this month by a string of weak data...

The dollar remained steady with talk of yet another US interest rate hike, while oil prices retreated following disappointing Chinese trade data. Analysts warned that while the US economy remained in rude health after more than a year of rate hikes, fears of recession remained.

PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17 companies of greenwashing, the practice of making misleading climate-related claims. The European Consumer Organization, or BEUC, said Thursday the claims made by the airlines breach EU rules on unfair commercial...

Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its interest rate-hike campaign. Wall Street indices advanced at the open while European markets climbed after official figures showed US consumer prices rose by 4.0 percent year-on-year in May, compared to...

The company delivered 127 aircraft in Q1 of 2023.

European investigators probing Lebanese central bank chief Riad Salameh's wealth will question officials from two international firms previously tasked with auditing the central bank's accounts, a judicial official said. Salameh is the target of a series of judicial investigations at home and abroad on suspicion of embezzlement and money laundering,...

Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest rates hikes. The dollar rose against the euro and yen after the data showed US gross domestic product rose at an annual rate of 1.1 percent in the January to...

Salameh had been summoned to appear on Wednesday but failed to show up, alleging that "the presence of international judges in Lebanon and the investigation into the financial matters is in conflict with national sovereignty". The judiciary rejected his claim and the session was rescheduled for Thursday.

Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes. Markets were rocked this week by Fed chief Jerome Powell's warning that interest rates could rise should the economy show no...

US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...

Algeria "doesn't support the idea of limiting prices", Energy Minister Mohamed Arkab said, speaking a day after EU energy ministers agreed a temporary ceiling to mitigate a severe energy crunch following Russia's invasion of Ukraine. "Energy markets must stay free so upstream" investments can continue, he told a press conference,...

French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair advantage to their American competitors. International trade has bubbled into a point of contention this week as Macron becomes the first foreign leader hosted by President Joe Biden during an...

England, Germany and five other European teams at the World Cup on Monday abandoned plans to wear a rainbow-themed armband in support of LGBTQ rights. Under FIFA rules, players wearing kit that is not authorized by football's world governing body could be shown a yellow card.

After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should go to West Africa, the United Nations said. The news comes following talks between Moscow and the UN this week, aimed at ensuring that vital Russian fertilizer exports are not...

Ceramics, human burial grounds and bullets from Spanish guns are among artifacts found by archaeologists in Guatemala at Tayasal, the last Mayan city to resist European conquest, officials said.

With recent data showing US inflation rooted at four-decade highs, investors are increasingly pessimistic about the outlook for the global economy. Some observers have warned of a sharp recession in many countries caused by the huge rate increases, which are hitting families in the pocket.

The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast staple, but often eaten with lunch or as a snack.

The 16 agencies -- dpa, AFP, AGERPRES, ANSA, APA, ATA, Belga, BTA, EFE, Europa Press, FENA, HINA, MIA, STA, Tanjug and TASR -- will share some resources to improve their coverage of European events. Press freedom bodies have voiced concern that EU member states exerted overt and covert political and economic...

European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU energy market made urgent by Russia's invasion of Ukraine. This continent-wide shake up of 27 EU economies with different energy needs and sources will be a long and politically-fraught process.

Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine. In stock market trade, European equities pushed higher mirroring Asian gains.

Moscow said Thursday that G7 plans to cap the price of Russian oil would lead to a shortfall on world markets and soaring prices for European consumers. "This is another attempt to interfere in market mechanisms, which can only lead to market imbalance," Deputy Prime Minister Alexander Novak said, warning...

Iraq's State Organization for Marketing of Oil (SOMO) has said it approached France about the possibility of Iraq's supplying the European market with oil. The Organization's General Manager Alaa Al-Yasiri said that French parties concerned with the possibility of being supplied with oil have been addressed but gave no further...

Iran's intelligence ministry announced Wednesday that two Europeans had been arrested on accusations of seeking to "destabilize the country", without specifying their nationality. "Two Europeans, who had entered the country with the aim of unleashing chaos and destabilizing society, were identified and arrested," the ministry said in a statement. The...

Asian and European stocks tanked Friday, accelerating a global selloff on fears over the impact of interest rate hikes that seek to tackle sky-high inflation. The pound hit a two-year low at $1.2276, one day after the Bank of England (BoE) lifted UK borrowing costs to a 13-year peak and...

European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with shortages of semiconductors, industry data showed Wednesday. Passenger car registrations fell 20.5 percent compared to the same period last year, with 844,187 units sold, according to the European Automobile Manufacturers'...

The European Union said this week it wanted to bolster cooperation with Morocco to stem the flow of illegal migrants entering the bloc.

In Europe, the three main indices all closed more than three percent higher, recovering most if not all of the previous day's losses, as Western nations held off from imposing sanctions that would cripple critical sales of Russian oil and gas.

Dubai Electricity and Water Authority (DEWA) has achieved 8 stars level in the European Foundation for Quality Management (EFQM) Innovation Lens, becoming the first organization in the world to achieve this recognition. DEWA achieved a score of 800 on this award that measures innovation culture and its role in achieving...

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum Exporting Countries said on Tuesday. But the Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global...

The first Kuwait Arabian Horse Beauty Championships, which concluded on Saturday, saw the participation of 450 horses from various domestic stud farms. On the last day of the four-day event hosted by Bait Al-Arab track of the Arabian Horse Center, breeders of the purebred horses were honored by the organizers....

The modern history of Iraq -- with its succession of conflicts, especially since the 2003 US-led invasion and its bloody aftermath -- has kept foreign researchers at bay.

European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key supplier Russia and consumer nations. Europe's reference Dutch TTF gas price jumped nearly 20 percent from Monday to hit 175.00 euros per megawatt hour in early afternoon trading. Meanwhile, UK...

Negotiations in Vienna aimed at reviving the Iran nuclear deal are to be suspended Friday, Iranian media said, as European diplomats expressed "disappointment and concern" at the latest proposals from Iran. Iran said it has submitted two draft proposals for the nuclear agreement, which has been in tatters since the...

Iraq is making efforts towards joining the World Trade Organization and its Minister of Trade will visit Geneva to discuss the issue. A government delegation will visit Geneva next week to reach an agreement with European trade ministers and European countries in this regard, Muhammad Hanoun, the spokesman for the...

Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium.

The new handle comes as the social media giant tries to fend off one of its worst crises yet and pivot to its ambitions for the "metaverse" virtual reality version of the internet

*Sheikh Hamad feels it is the only way to take on US and Chinese globally *He is one of the German lender’s largest shareholders Qatari investor in Deutsche Bank AG, Sheikh Hamad bin Jassim bin Jabor Al Thani, has appealed to European financial services to merge in order to take...

The ECB's 25-member governing council is widely expected to hold interest rates at historic lows and leave its massive bond-purchasing schemes unchanged at the upcoming meeting

Cafes, European and Middle Eastern outlets see most spending in the first quarter of  2021