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28 Sep 2016   Italy slashes growth forecasts 
(MENAFN - AFP) Italy's centre-left government has reacted to fresh evidence of a stalling economy by slashing its growth forecasts for this year and next.

Speaking late Tuesday after a lengthy post-dinner cabinet meeting on updated budget plans for 2017, Prime Minister Matteo Renzi said he was now making a "prudent" prediction of growth of 0.8 percent for this year and one ...

(MENAFN - AFP) Anthony Vaccarello made his name with unfeasibly small and sexy dresses, and in his hugely anticipated debut for Saint Laurent late Tuesday at Paris fashion week, the Belgian designer kept his nose clean and his skirts short.

If the directors of the iconic French brand, whose profits had rocketed to record levels under Hedi Slimane, were worried his replacement ...

(MENAFN - AFP) Global stocks got a boost Tuesday from Democrat Hillary Clinton's strong performance in the first US presidential debate.

Equity markets in Asia finished solidly higher, along with US stocks, which were also buoyed by a surge in consumer confidence.

But gains were partly offset by weakness in petroleum-linked shares due to lower oil prices.

Democrat ...

(MENAFN - AFP) The world's first baby has been born thanks to a controversial new technique employed by US scientists to include DNA from three parents in the embryo, said a report Tuesday.

The baby boy was born five months ago in Mexico to Jordanian parents, and is healthy and doing well, said the report in New Scientist magazine, described as an "exclusive."

The boy's ...

(MENAFN - AFP) Declared "eliminated" in the Americas on Tuesday, measles still kills tens of thousands of children in the world every year, despite the availability of safe, affordable and effective vaccines.

Things to know about measles:


Known for its characteristic reddish rash, measles is a highly contagious disease caused by a virus spread through ...

(MENAFN - AFP) In a hopeful development for children born with congenital heart defects, scientists said Tuesday they had built artificial blood vessels which grew unaided when implanted into lambs, right into adulthood.

If repeated in humans, such grafts would spare afflicted children the need for repeated surgeries, an expert team from the University of Minnesota reported ...

(MENAFN - AFP) Measles has been eradicated from the Americas after decades of vaccination efforts, the world's first region to rid itself of the highly contagious disease, global health authorities said Tuesday.

Measles remains a top killer of children worldwide, and took nearly 115,000 lives in 2014 -- or about 13 deaths every hour -- according to the World Health Organization ...

(MENAFN - AFP) Global sports gear titan Nike reported solid revenue growth and beat analyst earnings forecasts for its fiscal first quarter Tuesday, despite a cost surge tied to the Brazil Olympics.

Nike reported revenues for the quarter ended August 31 up 7.7 percent from a year ago to $9.1 billion, around $200 million higher than expected.

Earnings per share, bolstered ...

(MENAFN - AFP) The Greek parliament on Tuesday adopted fresh austerity measures sought by its international creditors, including expediting privatisation of utility companies.

The reforms were passed by 152 of the 293 parliamentary deputies present, deputy speaker Yorgos Varemenos announced after the debate.

The vote opens the way for 2.8 billion euros ($3.1 billion) ...

(MENAFN - AFP) The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday.

Kim had been the only candidate in a process criticized by World Bank staff and campaigners as lacking in transparency and dominated by the United States.

In a statement announcing the decision, the Bank's board offered ...

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