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(MENAFN - AFP) European equities surged and US stocks hit fresh records Wednesday in anticipation the European Central Bank will extend its stimulus, and amid optimism about the American economy after the presidential election.

The buying spree was led by Frankfurt, where the main stock index hit a 2016 high, with London, Paris and Milan not far behind.

In the US, ...

(MENAFN - AFP) Catholics seeking to confess their sins to a priest in Spain can now turn to a new app to find the nearest available cleric.

Confesor GO detects a user's location and shows the location of priests around them who are ready to listen to their sins as well as the shortest route to get to him.

It also provides basic information about the priest, including ...

(MENAFN - AFP) US stocks surged to close at fresh records Wednesday in anticipation the European Central Bank will extend its stimulus, and amid optimism about the American economy after the presidential election.

The Dow Jones Industrial Average jumped 1.6 percent to 19,549.62, its third straight record close, and the biggest increase since the November 8 presidential election. ...

(MENAFN - AFP) The world's oldest bank, Italy's Monte dei Paschi di Siena (BMPS), asked the European Central Bank Wednesday for more time to raise the cash it needs to avoid being wound down.

BMPS said it was asking for the extension from the end of December to mid January because the political instability created by Prime Minister Matteo Renzi's resignation has left investors ...

(MENAFN - AFP) US retail giant Walmart said Wednesday it plans a fresh $1.3 billion investment in Mexico, where it was hailed amid US President-elect Donald Trump's tough line on foreign trade and keeping jobs in America.

The American company plans to build new distribution centers and expand existing ones "which will create more than 10,000 new jobs," said Walmart's Mexico ...

(MENAFN - AFP) Smartwatch pioneer Pebble announced Wednesday it was shutting down, with tech wearables giant Fitbit acquiring some of its assets including key personnel.

"Due to various factors, Pebble is no longer able to operate as an independent entity. We have made the tough decision to shut down the company and no longer manufacture Pebble devices," Pebble founder Eric ...

(MENAFN - AFP) Scientists have used flickering LED lights to shrink, in mouse brains, the beta amyloid plaques associated with Alzheimer's Disease in humans, they reported on Wednesday.

While too early to say if this could translate into a much-needed treatment for the debilitating illness, it does present a promising avenue for further research, said the team -- some of ...

(MENAFN - AFP) Boeing has pledged to control costs on the redesign of Air Force One after President-elect Donald Trump blasted the aerospace giant for the ballooning expenses, a company spokesman said Wednesday.

Boeing chief executive Dennis Muilenburg reassured Trump in a phone call Tuesday night about its commitment to keeping a tight rein on costs for the presidential ...

(MENAFN - AFP) Spanish scientists announced Wednesday they may have identified a way to stop cancer from spreading, at least in mice, and said it could be linked to eating fat.

Writing in the journal Nature, the team said they had discovered a type of tumour cell which spreads cancer from organ to organ -- a process known as metastasis, which is what makes the disease so ...

(MENAFN - AFP) The Kremlin on Wednesday said that Russia had finalised a deal to privatise 19.5 percent of state-owned oil giant Rosneft.

Rosneft chief Igor Sechin informed President Vladimir Putin "about the completion of a privatisation deal of 19.5 percent of shares of the largest Russian oil company Rosneft," Kremlin spokesman Dmitry Peskov told reporters.

He added ...

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