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(MENAFN - AFP) Shopkeepers in a southern Indian state began removing Pepsi and Coke from their shelves Wednesday after unions called for a boycott of the softdrink giants, urging consumers to shun foreign brands.

Pepsi and Coke sell a range of products across India, including softdrinks and bottled water, and the boycott proposal in Tamil Nadu could affect more than a million ...

(MENAFN - AFP) Three relatively unknown Spanish architects -- Rafael Aranda, Carme Pigem and Ramon Vilalta -- on Wednesday won the prestigious Pritzker Prize for modern works that are deeply rooted in their local surroundings.

The choice was seen as a move away from the celebrity architects that have dominated the field in favour of the homegrown vision of a trio of professionals ...

(MENAFN - AFP) US manufacturing activity expanded in February for the sixth consecutive month as businesses reported strong sales and demand, the Institute for Supply Management said Wednesday.

The ISM purchasing managers index rose 1.7 percentage points to 57.7 percent, the highest reading since August 2014 and well above the consensus estimate among economists, who expected ...

(MENAFN - AFP) Americans' strong appetite for light trucks and sport utility vehicles helped drive sales higher in February at some automakers, while others struggled with continued weakening demand for sedans and compact cars.

GM and Nissan posted sales gains last month, while Ford and Fiat Chrysler's US subsidiary reported declines compared to the same period a year ago. ...

(MENAFN - AFP) Germany's inflation shot to a four-and-a-half year high in February, but analysts predicted Wednesday that it will not convince the European Central Bank to drop its ultra-loose monetary policy.

According to preliminary data by the federal statistics office Destatis consumer prices in Europe's biggest economy rose by 2.2 percent last month, outstripping the ...

(MENAFN - AFP) Made-in-Europe productions from streaming video platform Netflix are a hit in the rest of the world, the US firm's chief executive said Wednesday in Berlin, promising more series and movies from the Old Continent.

"We are creating this global audience for great local productions," Netflix CEO Reed Hastings told journalists as he presented the group's latest ...

(MENAFN - AFP) US stocks surged back to records in early trading Wednesday, with the Dow topping 21,000 for the first time, as markets embraced a softer tone in President Donald Trump's address Tuesday night.

About 20 minutes into trading, the Dow Jones Industrial Average was at 21,026.20, a 1.0 percent jump.

The broad-based S&P 500 gained 0.9 percent to 2,383.81, ...

(MENAFN - AFP) Uber chief Travis Kalanick has apologized, acknowledging that "I must fundamentally change as a leader and grow up," after a video showed him verbally abusing a driver for the service.

In a message to Uber employees late Tuesday, Kalanick cited the widely circulated video and said he "treated an Uber driver disrespectfully."

The incident which circulated ...

(MENAFN - AFP) A closely watched measure of US inflation in January hit its fastest monthly pace in nearly four years, the Commerce Department reported Wednesday.

The data also showed that the Personal Consumption Expenditures price index, the US Federal Reserve's preferred measure of inflation, grew at an annual rate of 1.9 percent, a hair's breadth below the Fed's two percent ...

(MENAFN - AFP) Chinese property magnate Cheung Chung Kiu has agreed to buy London's distinctive "Cheesegrater" skyscraper for £1.15-billion, current owner British Land said Wednesday, as foreign buyers profit from sterling's slump.

The magnate's CC Land will buy The Leadenhall Building, shaped like a cheesegrater, after reaching an agreement worth the equivalent of $1.23 ...

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