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  • WASHINGTON— President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. GOP lawmakers scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. Obama on Tuesday plans to send to Congress the spending blueprint...

  • Feb 5- Aircraft engine maker CFM International said its backlog hit a record $180 billion last year as sales of fuel-efficient jetliners rose despite low oil prices and weakening economies that have raised concern about an aviation slowdown. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog rose to 13,400 engines, including...

  • *Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...

  • Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus A320neo jetliners, now stands at more than 10,000 units...

  • CFM sells 2,154 engines in 2015 Friday, 5 Feb 2016 | 1:06 PM ET

    Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CMF56 engines in 2015.. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus...

  • Business events scheduled for the coming week Friday, 5 Feb 2016 | 12:41 PM ET

    BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • France cracks down on food waste by supermarkets Friday, 5 Feb 2016 | 11:35 AM ET

    PARIS— French supermarkets will be forbidden from destroying unsold food and encouraged to donate to charities or farms instead as part of a national campaign against food waste. The senate approved the bill this week, following a lower house vote last year. Big supermarket chains must donate goods no longer fit for sale to charities or farms for use as animal...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • PARIS, Feb 5- France's Vinci is looking at opportunities to grow in concessions in Latin America and in oil and gas and infrastructures in Iran, as it further expands abroad to counter weak growth at home, its chief executive said on Friday. Vinci was also looking to grow all its businesses in America, notably motorway concessions in Brazil, Colombia and Mexico, and...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • PARIS— Protesting chauffeurs have moved to Paris' city center after having disrupted access to the Charles de Gaulle airport for a few hours, amid tensions between traditional taxis and app-based car services as the government loosens regulations in the evolving sector. Taxi drivers and chauffeurs pelted each other with projectiles overnight at the Porte...

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • *European Commission has proposed further reforms. *European Commission demanding answers from Volkswagen. They came close to securing a rare veto in the European parliament of a policy that had the backing of the EU's member state governments and, more grudgingly, the executive European Commission.

  • *France, Italy, Spain, Portugal at odds with EU commitments. BRUSSELS, Feb 4- Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro. Governments also argue that they need to spend...

  • PARIS/ SYDNEY, Feb 4- U.S. corn and soybeans edged higher on Thursday with support from a falling dollar, but favourable weather for South American crops helped keep prices shy of six-week highs hit this week. Trading was also subdued as investors awaited direction from weekly U.S. export sales and estimates of grain stocks in Canada, another leading grain...

  • Morocco unveils massive solar plant Thursday, 4 Feb 2016 | 7:34 AM ET

    OUARZAZATE, Morocco— Morocco's King Mohammed VI unveiled one of the world's biggest solar plants Thursday, taking advantage of the Sahara sunshine and a growing global push for renewable energy. It said Morocco was chosen for the project in part because of its political stability, and because the government created a solar energy agency and introduced...

  • *Airlines set for battle to serve Iran market. PARIS/ DUBAI, Feb 4- An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is positioning Tehran...

  • *Safran, GE plan to build 2,000 LEAP engines a year by 2020. VILLAROCHE, France, Feb 3- Airplane orders may be slowing this year, but jet engine makers are ramping up production with a large chunk of the industry's profits riding on the flawless operation of a high-tech factory in the French countryside. Their CFM International joint-venture controls three...

  • FRANKFURT, Feb 3- Mergers in the wind power industry are expected to pick up markedly now the sector has reached a stage where growth not crisis is the driver behind consolidation, executives at turbine maker Nordex said. Wind turbine makers have weathered years of overcapacity and losses and are now thriving on growth in demand in Europe and the United States,...