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  • WARSAW, Poland— Poland's government has postponed plans to bestow a top honor on the Portuguese businessman who runs popular supermarket chain Biedronka after a public outcry over the company's alleged exploitation of workers. The incident exposes growing tensions between Poland's pro-market government, which in this case wanted to reward a foreign...

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would not have much impact on the market.

  • MOSCOW— A Kremlin official says that Russia is working to upgrade air defense missiles intended for Iran. Russia in 2010 froze a deal to supply S-300 missile systems to Iran, linking the decision to U.N. sanctions. President Vladimir Putin lifted the suspension in April after a framework Iran nuclear agreement, which earlier this month was followed by the final...

  • MOSCOW— A Kremlin aide says Russia and France have agreed on a refund amount for an undelivered French warship. French President Francois Hollande has acknowledged that France will have to give Russia a refund if it doesn't deliver the warship, whose handover to Russia was suspended last year over the Ukrainian crisis. The 1.2 billion euro deal was supposed to...

  • *Russia, OPEC did not discuss coordination. *OPEC received no request for extraordinary meeting. Oil has dropped about 15 percent this month and halved in value in the past year but neither OPEC nor Russia, the world's top producer, have cut output to support prices, hoping cheaper oil will hit U.S. shale and other rival sources.

  • MOSCOW— OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. OPEC decided in June not to cut production, in a bid to retain its share of the global market in the face of a boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world's top crude producer and depends...

  • VIENNA, July 30- Lufthansa unit Austrian Airlines is ready to expand its services to Iran to include flights to Isfahan and Shiraz, as soon as a good opportunity presents itself, the Chief Financial Officer of the Austrian group said on Thursday. Austrian Airlines, Lufthansa's Vienna- based platform into Eastern Europe, already offers daily flights to Iran's...

  • MOSCOW— The Russian ruble is falling under the pressure of cheaper oil, reviving concerns over the country's economic outlook, particularly the perniciously high inflation rate. The ruble was down 0.9 percent in Moscow trading on Thursday, at 59.2 rubles against the dollar. An "excessive" drop in the ruble would not be politically palatable, analysts from the...

  • *Serbia says fears "humanitarian catastrophe". SUBOTICA, Serbia, July 30- Swifts darted in and out of nesting holes in the scrubland around an old brick factory in northern Serbia. A month from now Hungary says it will seal its border with Serbia with a 4- metre high, 175- km barrier to keep out migrants streaming through the Balkans, fleeing war, poverty and upheaval in...

  • District Judge Richard Berman ruled at the close of a hearing in federal court in Manhattan that the case against Evgeny Buryakov could go forward. Buryakov, 40, has pleaded not guilty to conspiracy and other charges alleging he purposely failed to register as a foreign agent to conceal his true role as a covert operative embedded at a Manhattan branch of...

  • KIEV, July 29- Heavily indebted Ukraine may borrow $1 billion in November via a new sale of U.S.-backed bonds, part of a broader international support package Kiev expects to receive by the end of the year. Washington announced earlier this year that it could provide up $2 billion in loan guarantees to near-bankrupt Ukraine. Kiev used the first tranche of the...

  • Central European Media reports 2Q loss Wednesday, 29 Jul 2015 | 6:33 AM ET

    PRAGUE _ Central European Media Enterprises Ltd. on Wednesday reported a loss of $8.7 million in its second quarter. This story was generated by Automated Insights using data from Zacks Investment Research. Keywords: Central European Media, Earnings Report.

  • MOSCOW— Russia's security chief says the Islamic State group has recruited nationals of more than 100 countries, posing a long-term threat to global stability. Alexander Bortnikov, the head of the Federal Security Service, or FSB, the main KGB successor agency, said at Wednesday's security conference that IS's aim is to create a global network of sleeper cells...

  • KIEV, July 29- After more than a year of fighting in eastern Ukraine, the country's regular army remains disorganised and poorly equipped. "The Defence Ministry needed to test underpants for a year before approving them for use. When Moscow annexed Crimea and conflict erupted in Ukraine's east, Kiev had outdated Soviet equipment and just 180,000 troops, of whom...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • WARSAW, Poland— Jan Kulczyk, Poland's richest man and the founder and president of investment empire Kulczyk Holding, who made his fortune during Poland's economic transformations, has died from complications following surgery, the company said Wednesday. Poland's edition of the Forbes Magazine estimated his wealth at some 15 billion zlotys.

  • Dubai airport traffic rises 16.7 pct y/y in June Wednesday, 29 Jul 2015 | 4:39 AM ET

    DUBAI, July 29- Dubai International Airport recorded a 16.7 percent year-on-year jump in passenger traffic in June, reflecting runway maintenance during the summer of 2014, the operator of the world's busiest airport by international traffic said on Wednesday. Growth was powered by traditional markets in the Indian subcontinent and Gulf countries, as well...

  • PIONKI, Poland— Marek Bogacki feels life in Poland 26 years after the fall of communism could hardly be better. Wearing a fine shirt and tie and enjoying brunch at a French bakery in Warsaw, the 35- year-old investment director at an insurance company ticked off places where he has vacationed, from New York to Thailand to Paris, saying the prosperity and freedom...

  • MOSCOW, July 29- Russia's central bank said on Wednesday it had stopped its operations to replenish its international reserves from Tuesday because of a rise in market volatility. It said at the launch of the operations that it would buy between $100 and $200 million a day but has typically been purchasing $200 million. Dmitry Polevoy, an economist at ING Bank in...

  • French farmers protest taps into freewheeling tradition Tuesday, 28 Jul 2015 | 11:08 AM ET

    PARIS— Over the past week, French farmers have used tractors to block the border with Germany and chucked foreign vegetables off trucks in protest of cheap imports. They are protesting increasingly slim margins they blame on cheap imports and high social charges, which they say make them unable to compete against Germany, much less Eastern Europe.