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(MENAFN - AFP) Thai health authorities on Friday said microcephaly in two babies was caused by the Zika virus, in what is believed to be Southeast Asia's first confirmed case of a link between the sickness and the birth defect.

Tourism is expected to account for 17 percent of Thailand's GDP this year, and authorities will be desperate to prevent visitor numbers from tailing ...

 
(MENAFN - AFP) Shares in Germany's biggest lender Deutsche Bank plummeted nearly nine percent in Frankfurt early Friday amid fears about its viability, dragging markets around the world down with it.

By 0725 GMT, its shares had shed 8.83 percent to 9.91 euros ($11.07), after news that a number of hedge funds had pulled money out of the German giant owing to concerns over ...

30 Sep 2016   Warm weather melts H&M profits 
 
(MENAFN - AFP) Unusually warm weather in Europe's autumn has eroded profits at Hennes et Mauritz (H&M), the Swedish clothing giant said Friday as it released third quarter results.

Net profits for the three months from June came in at 4.8 billion Swedish kronor (500 million euros), down nine percent on the same period last year.

"Sales were good in most of the markets ...

 
(MENAFN - AFP) Oil prices tumbled in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to cut output and stabilise the oversupplied market.

The Organization of the Petroleum Exporting Countries on Wednesday stunned traders by announcing plans to trim collective production by around 750,000 barrels per day.

Initial euphoria over what ...

 
(MENAFN - AFP) The model adjusts her clothing, stares at the camera with a hint of a smile, holds her head high and the photographer starts snapping.

But at this photoshoot on the Asian side of Istanbul, the models, impeccably made up, sport no body-hugging Western styles.

All wear headscarves and loose fitting outfits in a shoot for one of the industry's fast growing ...

 
(MENAFN - AFP) Munching, the giraffe looks up towards the skyscrapers looming in the distance.

But this picture-postcard image of Nairobi, one where wild animals graze in the shadow of the cityscape, is at risk from a railroad.

A unique urban conservation site, the Nairobi National Park is a vast wildlife reserve where lions, hyenas and giraffes roam at will just seven ...

 
(MENAFN - AFP) In the fierce heat of a roaring blast furnace, liquid hot iron gushes forth from the taps, sending sparks dancing into the air at a sprawling steelworks in northern England.

The Scunthorpe complex is the latest reincarnation of British Steel, the former state-run behemoth that once towered over the nation's economy -- and now appears to be in recovery mode ...

 
(MENAFN - AFP) Asian markets tumbled Friday, tracking a sell-off in New York as worries about the future of German banking giant Deutsche Bank hammered financial stocks.

A Bloomberg report that several hedge funds had withdrawn their investments in the lender over worries about its viability after US authorities slapped it with a $14 billion penalty over its sale of mortgage-backed ...

 
(MENAFN - AFP) US defence contractor Lockheed Martin will supply the combat systems for Australia's new fleet of 12 French submarines, Defence Industry Minister Christopher Pyne said Friday.

The Australian arm of the American defence giant defeated US rival Raytheon in a deal to fit out the Aus$50 billion (US$38 billion) vessels.

"Lockheed Martin have won the tender ...

 
(MENAFN - AFP) Spending among Japanese households tumbled last month and consumer prices fell again, data showed Friday, after the Bank of Japan announced it was overhauling a faltering bid to conquer deflation.

The disappointing data marked the latest red flag for the world's number three economy, and will put officials under ever-more pressure to find a way to kick-start ...

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