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(MENAFN - AFP) Britain's economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year's referendum but its smooth run shows signs of hitting the skids.

As Britain begins the delicate process of extracting itself from the European Union, headwinds are expected for the economy even though the forecast financial storm ...

 
(MENAFN - AFP) The twenty biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday.

The findings come as the tax affairs of major multinationals are under the microscope after revelations in the LuxLeaks and Panama Papers scandals showed the methods used ...

 
(MENAFN - AFP) Disney's "Beauty and the Beast" continued its blockbuster ways this weekend, dominating North American movie screens with a three-day take of $88.3 million, according to an estimate from the specialized Exhibitor Relations.

In just its second week, the film's cumulative North American take of $317 million is the best ever for a March release, according to the ...

 
(MENAFN - AFP) OPEC and non-OPEC producers said Sunday at a meeting in Kuwait they were looking into extending an output cuts deal aimed at stabilising the market, as compliance with the milestone pact increases.

The cuts aim to reduce world oil supplies and boost prices that have slumped since mid-2014.

The Joint Ministerial Monitoring Committee "expressed its satisfaction ...

 
(MENAFN - AFP) The euro -- and her fervent wish to withdraw from it -- is a central theme of every stump speech by French far-right presidential candidate Marine Le Pen, topping her list of 144 election pledges.

Le Pen calls the single European currency a "a knife that you stick in a country's ribs to force it to do what its people don't want to do".

The leader of the ...

 
(MENAFN - AFP) Iran will impose sanctions on 15 US companies for their support for Israel and its "terrorist actions", state news agency IRNA said Sunday.

The decision, which is largely symbolic because the firms do not do business with Iran, comes two days after the US announced new sanctions on a number of foreign firms accused of collaborating with Iran's weapons programme.

Iran's ...

 
(MENAFN - AFP) When South Korea's Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes.

The ship went down in an archipelago off southwestern South Korea, whose 1,700 islands make up the Dadohaehaesang national park, the country's largest.

Rocky ...

 
(MENAFN - AFP) Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said Sunday.

No one was seriously injured in the accident which occurred Friday in Tempe, Arizona while the vehicle -- a Volvo SUV -- was in self-driving mode, the company said.

"We ...

 
(MENAFN - AFP) Wood fashioned into lace and sculpted into evening dresses: the Hanae Mori Manuscrit label led the way this Tokyo Fashion Week in showing the world the original craftmanship that helps set Japan apart from the crowd.

Dresses of persimmon wood lace paired with soft falling black fabric were the star of the show at designer Yu Amatsu's autumn/winter 2017 collection ...

 
(MENAFN - AFP) Along with banks that have signalled they will be moving jobs abroad, Brexit will probably see the European Banking Authority leave London -- and rival cities are jockeying to be its next host.

The London headquarters of the European Union's financial regulator, in the Canary Wharf district, has 170 staff members from 27 of the 28 European Union nations.

Brexit ...

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