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(MENAFN - AFP) The United States moved to tighten the economic noose around North Korea Monday, charging and sanctioning a firm owned by a prominent Chinese businesswoman for extensive trade ties with the regime.

In a move designed to choke-off North Korea's external economic lifeline, the US government targeted 44-year-old Ma Xiaohong and her vast conglomerate based in China's ...

(MENAFN - AFP) Brazilian police on Monday arrested former finance minister Antonio Palocci, the latest high-level suspect in the huge Petrobras corruption probe, prosecutors said.

He joins a long list of top officials accused of taking part in a huge bribery scheme linked to the state oil company, which has rocked the political establishment in Latin America's biggest economy.

Palocci, ...

(MENAFN - AFP) The Walt Disney Company is evaluating a potential bid for Twitter, Bloomberg reported on Monday, citing people familiar with the matter.

Unconfirmed reports that Twitter is interested in selling itself buoyed the San Francisco-based company's shares at the end of last week, and the stock price rose around a percentage point on Monday as talk of Disney's interest ...

(MENAFN - AFP) A huge new exhibition about Tintin creator Herge does not shy away from showing how the cartoonist pined to be taken seriously as an artist nor his shame at his passivity during the Nazi occupation of Belgium.

"Herge", which opens Wednesday at the Grand Palais in Paris, aims to lift some of the mystery that surrounds the enigmatic Belgian cartoonist Georges ...

(MENAFN - AFP) Bank of America will lay off 20 senior investment bankers in Asia due to slowing activity in the region, a person familiar with the matter said Monday.

Goldman Sachs is also cutting staff in the Asian region due to a slump in deal-making according to published reports Monday.

Bank of America employees affected by the layoffs work in Singapore, Japan and ...

(MENAFN - AFP) French unemployment rose sharply in August, reaching its highest level in years and dealing a serious blow to President Francois Hollande ahead of next year's election.

The number of unemployed in mainland France grew by over 50,000, or 1.4 percent, to 3.56 million, according to the labour ministry.

The rise was the biggest in a single month since January ...

(MENAFN - AFP) The United States announced criminal charges and economic sanctions Monday against a Chinese company, Dandong Hongxiang Industrial Development, for alleged support of North Korea's nuclear weapons program.

The Justice Department said Dandong Hongxiang and four Chinese company officials also named in an indictment had conspired to evade US sanctions on North ...

(MENAFN - AFP) World stock markets slumped Monday as a crash in Deutsche Bank's shares offset a surge in German business confidence and the two US presidential candidates headed into their debut debate.

Traders took profits after last week's rallies sparked by the US central bank's decision to freeze interest rates a while longer before ending the week in the red.

"It's ...

(MENAFN - AFP) Morning sickness is linked to a lower risk of miscarriage, according to research out Monday that suggests a woman's nausea and vomiting early in pregnancy may have protective effects for the fetus.

Between 50 and 80 percent of pregnant women report feeling nauseous or throwing up during their first trimester, said the findings in the Journal of the American ...

(MENAFN - AFP) Audi's head of technical development stepped down "with immediate effect" on Monday, the luxury carmaker announced, after German media accused him of involvement in parent company Volkswagen's "dieselgate" scandal.

Stefan Knirsch had held the position for barely 10 months, replacing another top engineer who left after being suspended as part of an inquiry into ...

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