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(MENAFN - AFP) A labelling error and reckless media hype in the 1980s led to unjustly branding a gay airline employee as "Patient Zero" in the US AIDS epidemic, scientific and historical sleuthing detailed Wednesday.

The deadly virus, which has claimed more than 650,000 lives in the United States in over four decades, jumped from the Caribbean to New York City around 1970, ...

(MENAFN - AFP) A Verizon executive overseeing the deal to buy Yahoo said Wednesday the deal was moving ahead pending the outcome of an investigation into an epic hack.

Verizon expected that within 60 days it would have the "outcome" of how the massive breach at Yahoo will affect, if at all, the $4.8 billion purchase of the struggling internet pioneer by the US telecom titan.

"We ...

(MENAFN - AFP) British drugs giant GlaxoSmithKline said Wednesday that net profits soared 50 percent in the group's third quarter, buoyed by a bright performance at its vaccines division.

Earnings after tax rallied to £808 million (906.4 million euros, $987.5 million) in the three months to the end of September, compared with a year earlier, GSK said in a result statement. ...

(MENAFN - AFP) US authorities are investigating whether companies tied to a Chinese billionaire evaded punitive tariffs on aluminum imports, according to a media report Wednesday.

Agents from the Department of Homeland Security recently questioned US companies and former employees tied to Liu Zhongtian, founder of China Zhongwang Holdings Ltd, The Wall Street Journal reported, ...

(MENAFN - AFP) Nigeria's currency scarcity remains a nightmare that won't go away, with even Africa's richest man Aliko Dangote feeling the pain.

The West African country's economy has been hammered by the global crash in oil prices -- worth 70 per cent of its revenue and the bulk of its dollars -- and ongoing rebel attacks on oil infrastructure in the southern swamplands. ...

(MENAFN - AFP) Struggling French fashion house Sonia Rykiel, whose "Queen of Knitwear" founder died in August, said Wednesday it plans to lay off around a quarter of its 330 staff.

The ready-to-wear company, known for its multi-coloured stripy outfits, said it planned to cut 79 posts owing to "unfavourable" global fashion market conditions.

The pioneering, flame-haired ...

(MENAFN - AFP) World stock markets mostly retreated Wednesday, dragged lower by mining shares and oil prices, while Apple weighed on Wall Street, traders said.

After declines for the bulk of Asia's stock markets, Europe's top indices closed down, as dealers also digested a slew of company earnings reports in Europe and the US.

One of the heaviest fallers on London's ...

(MENAFN - AFP) Governments and philanthropists on Wednesday announced an $18 million plan to release mosquitoes resistant to Zika, dengue and other viruses in urban areas of Colombia and Brazil.

The program aims to boost mosquito-control efforts by using Wolbachia bacteria beginning next year, following the alarming spread of the mosquito-borne Zika virus, which can cause ...

(MENAFN - AFP) Microsoft launched a consumer offensive Wednesday, unveiling new high-performance computers and an updated Windows operating system that showcases three-dimensional content and "mixed reality."

The US tech giant announced its first desktop computer, called Surface Studio, a $3,000 high-end "all-in-one" device that aims at Apple's Mac.

"We're creating ...

(MENAFN - AFP) Cars bearing the stamp of once-defunct manufacturer Borgward will once again roll off an assembly line in north Germany from 2018, the firm said Wednesday.

This time around, the homegrown motors will be electric-powered as the firm joins a Germany-wide race to produce affordable and high-performing climate-friendly cars.

Managers at Borgward have picked ...

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