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(MENAFN - AFP) A long-delayed trading link between the Chinese city of Shenzhen and Hong Kong launches Monday, opening another door to the mainland's cosseted stock markets but a China slowdown, weak yuan and expected US rate hikes have analysts sounding a note of caution.

The tie-up, similar to one that kicked off between Hong Kong and Shanghai two years ago, is being touted ...

 
(MENAFN - AFP) A new law comes into force in Scotland on Monday banning smoking in cars when children are present, as part of the government's plans for a "tobacco-free generation".

Under the law smokers face a £100 ($127, 119 euros) on-the-spot fine if caught lighting up in a private vehicle where under-18s are present.

The penalty increases up to £1,000 if a case ...

 
(MENAFN - AFP) A plane originally intended for Tunisia's toppled president Zine El Abidine Ben Ali has been sold to Turkish Airlines, Tunisair said Sunday, six years after it was grounded following his ouster.

The Turkish firm bought the Airbus A340 for 181 million dinars ($78 million), Tunisair spokeswoman Amal Bourguiba said, without giving a date for the sale.

The ...

 
(MENAFN - AFP) China has scuppered attempts by world trade heavyweights to eliminate or reduce tariffs on a list of environmentally friendly products, the European Union said on Sunday.

A list of around 300 "green" products had been prepared by the US and EU to be presented at WTO talks on Sunday in Geneva for the 18 participants -- including Japan, Australia, South Korea, ...

 
(MENAFN - AFP) Turkish President Recep Tayyip Erdogan said his country was moving towards allowing trade with Russia, China and Iran to be conducted in local currencies, as he continues his efforts to strengthen the falling lira.

"We are taking steps towards trading with Russia, China and Iran with local currencies," he said, ahead of a trip by Turkish Prime Minister Binali ...

 
(MENAFN - AFP) Bosses at troubled German auto giant Volkswagen have been forced to pay the company back millions of euros for flights on its private jets, the Bild am Sonntag newspaper reported Sunday.

For years members of the group's executive board were offered flights aboard its fleet of private jets at or below the price of a commercial trip.

But by 2014 directors' ...

 
(MENAFN - AFP) President-elect Donald Trump's threats to retaliate against US companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs.

Trump laid down the gauntlet on Thursday at a campaign-style rally after striking a deal with Carrier to keep about 1,100 jobs in Indiana in exchange ...

 
(MENAFN - AFP) Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

The IMF played a key role in two massive rescues for Greece but baulked at a third in 2015, worth 86 billion euros ($92 billion), warning that Athens would never get back on its ...

 
(MENAFN - AFP) Welcomed with open arms -- some even received coats from Prime Minister Justin Trudeau himself -- the Syrian refugees who arrived in Canada a year ago are now facing their share of difficulties.

Among them, 50-year-old Fahed Fattouh came with his wife and their two children after they fled the war-battered city of Aleppo via Beirut in 2012.

They made ...

 
(MENAFN - AFP) A small scythe, a crowbar and a bundle of canvas bags are all that Kali and Vedan carry when they venture into the fields of southern India to catch some of the world's deadliest snakes.

Their skills, passed from generation to generation of the Irula tribe they belong to, are crucial for the production of anti-venom in a country with the world's highest number ...

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