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(MENAFN - AFP) Greece Tuesday rejected pressure to extend its painful austerity programme beyond 2018 as part of a deal to bridge differences between its squabbling international creditors.

The Athens government was "determined to pursue negotiations" still ongoing with Eurozone countries and the IMF but "refuses to accept measures concerning post-2018", spokesman Dimitris ...

(MENAFN - AFP) The US trade deficit widened in October but remained smaller than a year earlier, and included a big jump in exports to China, especially cars, the Commerce Department said Tuesday.

The overall trade gap for the month grew nearly 18 percent to $42.6 billion, an increase of $6.4 billion over September. The level was about in line with analyst expectations, which ...

(MENAFN - AFP) Danish toy maker Lego announced Tuesday a management shake-up to develop the brand beyond its iconic plastic bricks under the leadership of its veteran chief who brought the company back from the brink of bankruptcy.

Chief executive Jorgen Vig Knudstorp took over Lego when it was on verge of collapse in 2004 and transformed it into one of the industry's biggest ...

(MENAFN - AFP) Britain's financial services paid a record amount in taxes last year, new figures revealed Tuesday, emphasising the sector's importance as the country prepares to withdraw from the European Union.

The sector's total tax contribution reached £71.4 billion (84.7 billion euros, $90.9 billion) in the year to March 31, up 7.4 percent on the previous year, the study ...

(MENAFN - AFP) British Prime Minister Theresa May was to join Gulf Arab leaders at a summit in Bahrain on Tuesday for talks on trade after Britain's exit from the European Union.

Defence ties are also expected to figure high on the agenda as Britain builds a new naval base in Bahrain, while advocacy groups have urged May to raise human rights concerns.

She is the first ...

(MENAFN - AFP) The European Commission's chief Brexit negotiator warned on Tuesday that time was short for talks, with a crucial deal for Britain's departure from the EU needed by October 2018.

Frenchman Michel Barnier added it was "difficult to imagine" any interim deal giving Britain special treatment between its departure and a fuller trade pact further down the line.

The ...

(MENAFN - AFP) European Commission Brexit negotiator Michel Barnier said Tuesday that a deal on Britain's exit from the EU must be in place by October 2018.

"Time will be short. It is clear that the period of actual negotiations will be shorter than two years," Barnier said in his first press conference since taking up the post.

He said that if Britain triggers the ...

(MENAFN - AFP) Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace.

A 10-gigabyte file posted on the internet exposed the personal details of more than 160 young women who were asked to provide the explicit material ...

(MENAFN - AFP) A pair of rainbow-painted lions displayed in front of one of Hong Kong's most iconic buildings has been slammed as "disgusting" by anti-gay campaigners who condemned the show of support for the city's LGBT community.

The multi-coloured art piece has been placed in front of the HSBC's landmark building in the business district, beside two famous bronze lions ...

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