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(MENAFN - AFP) An Indonesian Muslim designer has drawn global attention with a collection featuring hijabs combined with glittering gowns and flowing tunics, defying conservative critics in her homeland who say the outfits are not modest enough.

When Anniesa Hasibuan showcased her collection at last month's New York Fashion Week, it was the first time the prestigious annual ...

(MENAFN - AFP) Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports Friday, but earnings rose compared with the prior two quarters.

The results were the latest sign of pain for the industry in the wake of a two-year slump in oil prices, with ExxonMobil notching a 37.5 percent decline in profits to $2.7 ...

(MENAFN - AFP) German inflation picked up again in October to reach a two-year high, data showed Friday, suggesting the European Central Bank's unprecedented stimulus measures to boost prices may be delivering.

Inflation rose by 0.8 percent this month compared to the year before, according to preliminary figures from Germany's federal statistics office Destatis, the first ...

(MENAFN - AFP) The US economy accelerated to a 2.9 percent annual growth rate in the third quarter, boosted by consumer spending and exports, the Commerce Department reported Friday.

Coming just 11 days before the presidential election in which the economy has been a major issue, the GDP data showed the strongest growth in two years, and was better than the consensus forecast ...

(MENAFN - AFP) ExxonMobil reported a big drop in third-quarter earnings Friday due to lower crude oil prices and weaker returns in its refining business.

Net income was $2.7 billion, down 37.5 percent from the year-ago period as the two-year oil slump again weighed on results. Revenues fell 12.9 percent to $58.7 billion.

Earnings fell sharply in both Exxon's upstream ...

(MENAFN - AFP) World markets drifted into a lull on Friday, ahead of key US economic growth data, as investors also waited on next week's vital central bank interest rate decisions.

Frankfurt, London and Paris wobbled after a dour Asian session, as dealers eyed looming third-quarter US gross domestic product (GDP) data due at 1230 GMT.

London had risen Thursday on news ...

(MENAFN - AFP) Shares in the world's largest maker of diabetes treatments, Novo Nordisk, fell by more than 19 percent on Friday after it cut its profit forecast, reflecting tough competition in the US market.

Investors sold the shares even as net profit in the third quarter rose by 17 percent to 9.8 billion kroner (1.3 billion euros, $1.4 billion) and net sales jumped by ...

(MENAFN - AFP) Pope Francis offers hope for change in the Catholic Church on a range of moral issues -- but there's a long way to go, say the female leaders of Sweden's liberal Lutherans ahead of his landmark visit.

"It is clear that he has said and done things that have ignited much hope among many Catholics and even many people outside the Catholic Church," Sweden's first ...

(MENAFN - AFP) The world's biggest brewer AB InBev said Friday third-quarter profits were hurt by a weak performance in Brazil, one its most important markets, and it had cut 2016 forecasts as a result.

The Belgian-based Budweiser maker, fresh from completing a blockbuster merger with rival SABMiller, said its three months to September net profit slumped 18.5 percent from ...

(MENAFN - AFP) Spain's growth slowed but remained firm in the third quarter, official data showed Friday, just as the country emerges from 10 months of political crisis with the conservatives set to head up a minority government.

The Ine statistics agency said that GDP expanded by 0.7 percent compared to the previous three months, which had registered 0.8 percent growth.

Compared ...

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