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(MENAFN - AFP) The European "capital" of Brussels is going to get its own version of the Pompidou Centre, the contemporary art gallery in Paris that has become one of world's biggest cultural attractions.

The new Pompidou branch will be housed in a landmark building which residents of Brussels more closely associate with grease and grime, a 16,000 square-metre car garage ...

(MENAFN - AFP) Chinese entertainment and real-estate giant Wanda said Thursday it had fired an executive implicated in the bribery of a local government official.

The announcement followed media reports that the executive had been named in court documents related to a government corruption trial.

Wanda said in a statement that former manager Leng Chuanjin had "seriously ...

(MENAFN - AFP) Turkish President Recep Tayyip Erdogan on Thursday attacked Moody's after it downgraded the country's sovereign debt rating to "junk" status, appearing to suggest the ratings agency could be bought off.

Moody's downgraded Turkey's rating by one notch on Friday to the speculative or "junk" level of "Ba1" because of the country's political turmoil and unpredictability.

The ...

(MENAFN - AFP) Germany's leading economic think tanks raised their growth forecast for 2016 on Thursday, with big-spending consumers and government expenditure on migrants giving a boost to Europe's largest economy.

The five institutes -- the DIW in Berlin, IWH in Halle, Ifo in Munich, IfW in Kiel and RWI in Essen -- predicted that the economy would grow by 1.9 percent this ...

(MENAFN - AFP) Asian and European stock markets rallied Thursday and energy-linked currencies advanced after OPEC's shock deal to trim oil output.

The announcement Wednesday lit a fire temporarily under oil prices, sending petroleum-linked shares surging on Wall Street and later across Asian and European stock markets.

Despite crude later falling back on doubts about ...

(MENAFN - AFP) The state of California has suspended significant business ties with Wells Fargo, dealing another blow to the bank struggling to contain the fallout from a bogus accounts scandal.

In a letter addressed to Wells Fargo Chairman John Stumpf and the board of directors, state Treasurer John Chiang said Wednesday he could no longer "entrust the public's money to ...

(MENAFN - AFP) Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, or one-fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.

The Frankfurt-based firm added that the $1.23-billion plan, still to be agreed at a supervisory board meeting on Friday, would see it report a loss in the third quarter ...

(MENAFN - AFP) An oil price rally fuelled by OPEC's deal to cut crude output fizzled out Thursday with analysts doubting the cartel's ability to seriously tackle a supply glut.

Following a meeting that included Russia, the Organization of Petroleum Exporting Countries shocked markets Wednesday by saying it planned to trim total production by some 750,000 barrels per day.

This ...

(MENAFN - AFP) "What would Marie Antoinette wear at the gym"

It's a question about the French queen that historians may have missed, but not Rihanna.

The singer turned fashion designer said she took the conundrum as the starting point for her debut Paris collection for her Fenty x Puma brand, which showed late Wednesday.

Rihanna's answer was lots of slinky lingerie, ...

(MENAFN - AFP) The contract with a French-Chinese consortium to build Britain's first nuclear power plant in a generation is to be signed in London on Thursday at a ceremony that is being kept low key, sources said.

Following a delay over concerns about China's involvement in the deal, Britain earlier this month gave the green light for the construction of the £18 billion ...

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