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France to stop granting oil exploration licences, says energy minister

2017-06-24

French energy minister Nicolas Hulot said on Friday the government planned to present a draft law this autumn that would stop granting licences for oil and gas exploitation in France and overseas territories.

Toshiba stock listing status downgraded, deeper losses flagged

2017-06-24

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

Iran's Zagros Airlines commits to buying 28 Airbus aircraft

2017-06-23

Iran's Zagros Airlines has signed a memorandum of understanding (MoU) to buy 28 new Airbus (AIR.PA) planes, comprising 20 A320neo jets and eight A330neo aircraft, Airbus said in a statement.

Tokyo rallies on weak yen but most Asia markets struggle

2017-06-20

Tokyo's Nikkei rallied Tuesday as the dollar extended gains against the yen on fresh indications the Federal Reserve will lift interest rates again this year, while technology firms tracked a sector rebound on Wall Street.

China central bank plans fresh incentives to support green financing

2017-06-17

China's central bank plans to step up support for "green" financing, including incentives to encourage banks to extend more loans for projects friendly to the environment, a deputy governor, said on Friday.

Russia's economy expands despite Western sanctions: Putin

2017-06-17

Western sanctions on Russia have had only a limited effect and the country's economy has even partly benefited from them, Russian President Vladimir Putin said Thursday.

Rio Olympics price tag at $13.2 bln as gov't reuse of facilities

2017-06-15

The cost of last year's Rio Olympics has risen to 13.2 billion US dollars, around 4.4 billion US dollars more than originally planned, according to figures published by the federal agency for Olympic legacy (AGLO) on Wednesday.

German Finance Minister urges ECB to change policy soon

2017-06-14

German Finance Minister Wolfgang Schaeuble said on Tuesday the European Central Bank needed to exit its current monetary policy "in a timely manner", warning that very low interest rates had caused problems in some parts of the world.

IMF raises Italy growth forecast, but sees ongoing risk

2017-06-14

The International Monetary Fund (IMF) on Monday revised upwards its economic growth forecast for Italy, from 0.8 percent to 1.3 percent this year.

Ethiopia introduces first smart parking system in Africa

2017-06-12

Addis Ababa has introduced Africa's first smart parking system to solve the lack of parking spaces for hundreds of thousands of cars in the city.