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(MENAFN - AFP) Young women in Western countries have caught up with their male counterparts in drinking habits, according to research published Tuesday.

Women aged 18-27 years old have almost reached parity with men of their age group in three categories of drinking -- the likelihood of consuming alcohol, the risk of problem drinking, and treatment for abuse.

In the ...

(MENAFN - AFP) Italian bank Monte Paschi di Siena (BMPS) announced Tuesday plans to cut 2,600 jobs and close around 500 branches in a bid to turnaround the troubled lender.

BMPS, the world's oldest bank still operating today, unveiled the overhaul as it posted a net loss of 1.15 billion euros ($1.3 billion) in the third quarter, sparking volatile trading in its shares.

Losses ...

25 Oct 2016   London's airports at a glance 
(MENAFN - AFP) Britain has a total of five international airports dotted around the capital but capacity is at breaking point for Europe's biggest air transport hub.

The government's decision to back the expansion of Heathrow Airport will be welcomed by the business community but slammed by many local campaigners.

The controversial debate over airport capacity dates ...

(MENAFN - AFP) European equities mostly rebounded Tuesday after Wall Street gains, and on surprise news of buoyant business confidence in eurozone powerhouse Germany.

British stocks also rose after the government backed Heathrow Airport's expansion, in a move, it said, would bring economic benefits worth up to £61 billion (69 billion euros, $75 billion).

London share ...

(MENAFN - AFP) The British government approved a new third runway at London's Heathrow airport on Tuesday in a long-awaited decision that comes amid deep divisions and follows decades of debate over the issue.

"The government today announced its support for a new runway at Heathrow -- the first full length runway in the southeast since the Second World War," an official statement ...

(MENAFN - AFP) Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament President Martin Schulz told German radio on Tuesday.

"I don't think we'll have a solution this week," Schulz said in an interview on Deutschlandfunk radio. "That seems to me to be very, very difficult."

But the ...

(MENAFN - AFP) Government support and lower costs will power stronger-than-expected global growth in renewable energy over the next five years, the International Energy Agency (IEA) said Tuesday.

After a record 2015, global renewable electricity capacity will grow by 825 gigawatts by 2021, a massive 42-percent rise, the IEA said.

The estimate is 13 percent higher than ...

(MENAFN - AFP) German business confidence defied predictions to climb to a new two-year high in October, the Ifo economic institute said Tuesday.

The Munich institute's headline business confidence index hit 110.5 points in October, up one point from the September reading of 109.5 and the highest level since April 2014.

Business people's mood beat the forecasts of analysts ...

(MENAFN - AFP) France's Canal du Midi was once a bustling commercial artery crowded with lock keepers, boatmen and barges weighted down by wine and wheat.

These days, 350 years after it was carved out of the soil of southwestern France, its banks and waters have become a haven for slow-living locals, artists and prosperous professionals.

They are passionate about this ...

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