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(MENAFN - AFP) Royal Bank of Scotland said Friday that annual net losses more than trebled to £6.95 billion ($8.7 billion, 8.2 billion euros) in 2016 on litigation and restructuring costs.

RBS, bailed-out by the British government following the 2008 financial crisis, posted its ninth consecutive annual loss last year.

Its loss after tax for 2016 ballooned from a net ...

 
(MENAFN - AFP) Japan's Prime Minister will spend Friday afternoon meditating while staff at some of the country's biggest firms are also quitting work early -- in time for a bit of shopping or maybe a boozy train ride.

Welcome to Premium Friday, Japan's latest bid to tackle two perennial problems -- sluggish consumer spending and notoriously long working hours blamed for ...

 
(MENAFN - AFP) Rio de Janeiro might be in carnival mode from Friday, but partygoers still want to have their say on hot button issues ranging from corruption to US President Donald Trump's Mexico border wall.

The intense samba parade contest at the Sambodromo stadium will feature a lavish portrayal of France under the Sun King, Louis XIV, complete with over-the-top wigs and ...

 
(MENAFN - AFP) Take note Prada, Armani and company: Palm Angels is shaking up the fashion world, with celebrities including singer Pharrell Williams and rapper A$AP Rocky donning the Milan-based, skate-inspired brand.

Italian Francesco Ragazzi, 31, is not only hailed as the man bringing an underground energy to otherwise straight-laced Milan, but also the designer who reclaimed ...

 
(MENAFN - AFP) The dollar struggled to recover Friday and Asian markets suffered fresh losses after Treasury Secretary Steven Mnuchin lowered US growth expectations and appeared to temper Donald Trump's belligerence towards China's currency policy.

While New York's blue-chip Dow index hit a record tenth successive all-time high, the Trump-fuelled global rally is showing signs ...

 
(MENAFN - AFP) Pop superstar Beyonce, who is pregnant with twins, has pulled out of her headlining spot at the Coachella music festival in southern California, event organizers announced on Thursday.

The event is among the world's premier live music festivals and Beyonce's performance had been eagerly anticipated.

However, "following the advice of her doctors to keep ...

 
(MENAFN - AFP) La Perla threw a celeb-packed party in Milan Thursday to inaugurate a new store to host its ready-to-wear range as it takes bras out of the bedroom and onto the streets.

It was champagne and corsets for American celebrity model Kendall Jenner and Italian Mariacarla Boscono, who showed off items from a collection creative director Julia Haart unveiled earlier ...

 
(MENAFN - AFP) Shares in Chinese internet giant Baidu jumped on Thursday on quarterly earnings that topped expectations despite falling revenue as the company clamped down on dubious ads.

Revenue in the final three months of last year came to $2.62 billion (18.21 billion RMB), down 2.6 percent from the same period the previous year, the company reported in New York, where ...

 
(MENAFN - AFP) Alphabet on Thursday filed a lawsuit accusing Uber and its self-driving vehicle unit Otto of stealing technology from Waymo, a subsidiary of the Google parent company.

"Otto and Uber have taken Waymo's intellectual property so that they could avoid incurring the risk, time and expense of independently developing their own technology," Waymo said in a San Francisco ...

 
(MENAFN - AFP) Prada rang in its autumn-winter 2017 collection in Milan Thursday to cheers and wild applause, triumphing with a feminine runway which revived the cardigan and elevated the crochet bra to stardom.

The show, held in the Italian luxury brand's historic headquarters in the northern Italian city, was set in the recreated bedroom of a teenage girl -- clearly one ...

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