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(MENAFN - AFP) South Korean automakers Kia and Hyundai reached a $41.2 million settlement with US states over inflated fuel economy claims for their cars, officials said Thursday.

The settlement with 33 states and the District of Columbia was the latest fallout after the automakers were caught in 2012 artificially boosting the fuel economy ratings.

"Consumers who do ...

(MENAFN - AFP) Online giant Amazon said Thursday its profits more than tripled in the third quarter to $252 million, but shares fell as the rise was weaker than expected.

Amazon extended its string of positive results after years of investments that produced little or no profit, helped by its cloud computing, streaming video and new products and services.

Profit surged ...

(MENAFN - AFP) The Greek government said Thursday it would make a fresh push to reform the private TV sector, after a top court blocked its previous attempt in a major blow to Prime Minister Alexis Tsipras.

On Wednesday, 14 of the State Council's 24 judges said an October 2015 law limiting the number of private TV broadcasting licences to four -- half the current number operating ...

(MENAFN - AFP) Google parent Alphabet on Thursday reported its quarterly profit climbed 27 percent to $5.1 billion, boosted by mobile and video advertising revenue.

Total revenue in the recently ended quarter was $22.5 billion, up from $18.7 billion in the same period a year earlier.

Shares rose about 1.5 percent to $830 in after-market trades that followed release ...

(MENAFN - AFP) The head of Portugal's ruling Socialists called German Finance Minister Wolfgang Schaeuble a "pyromaniac" Thursday after he criticised Lisbon for reversing course on austerity.

Carlos Cesar's jibe came after Schaeuble said Portugal had been "very successful" until the Socialists, on coming to power last year, declared they would "not respect what the former ...

(MENAFN - AFP) Still losing money and without a merger partner, Twitter said Thursday it sees a path to profitability as the struggling social network unveiled job cuts as part of a reorganization.

The messaging platform said it would cut nine percent of its workforce after another money-losing quarter, but suggested it could reach profitability for the first time next year.

"We ...

(MENAFN - AFP) Belgium announced a breakthrough Thursday to save a landmark EU-Canada free trade deal, winning over domestic holdouts who threatened to torpedo the agreement and further damage Europe's international credibility.

But news of the intra-Belgian agreement came too late for EU leaders and Canadian Prime Minister Justin Trudeau to sign as planned -- while Canada's ...

(MENAFN - AFP) Apple on Thursday unveiled new MacBook Pro laptops infused with touch control features that people have embraced on smartphones.

MacBook Pro models shown off at a special event at Apple's headquarters in Silicon Valley touted keyboards with "Touch Bar" controls where function keys have traditionally been positioned.

Touch Bar adapts to display controls ...

(MENAFN - AFP) IMF chief Christine Lagarde said Thursday that Egypt is going through a currency "crisis," suggesting a quick devaluation to tackle a widening gap between the official and black market rates.

Egypt has been struggling to shore up its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former ruler ...

(MENAFN - AFP) Ivanka Trump has long been one of her father's most poised and popular surrogates, but her support for the Republican nominee is sparking calls for a boycott of her fashion label.

A twitter campaign, dubbed Grab Your Wallet, is gaining traction with fashion giant Nordstrom among retail giants under fire for stocking her clothes, shoes and handbags.

A ...

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