An outburst over a reclined seat led a trans-Atlantic American Airlines flight to divert to Boston, the second such incident in the U.S. this week.» Read More
PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.
BOSTON— An outburst over a reclined seat led an American Airlines flight to divert to Boston, at least the second such incident in the U.S. this week, authorities said. Passenger Edmund Alexandre became upset after a woman reclined the seat in front of him on the Miami- to- Paris flight on Wednesday night, the Suffolk County district attorney's office said.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
*Ukraine president says Russian troops have crossed border. LONDON, Aug 28- German Bund yields hit a record low after Ukraine accused Russia of moving troops across the countries' border, while lower-rated euro zone bond yields rose after above-forecast inflation readings tempered expectations of imminent ECB easing.
Several left-leaning critics were sent packing in a Cabinet shakeup that sent a message to international investors, European allies and millions of French: France is willing to embrace more free market policies and often unpopular reforms to tackle double-digit unemployment and zero economic growth.
*Telefonica makes higher bid than Telecom Italia. PARIS/ MILAN, Aug 28- The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.
MADRID— French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros from 6.7 billion euros.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
THANON NANG KLARN, Thailand— In a story Aug. 25 about insects being raised for food around the world, The Associated Press reported erroneously that the first cricket farm in the United States will open this year in Youngstown, Pennsylvania.
Christophe de Maistre, chairman of Siemens France, says France's labor market is too rigid and costs need to be reduced.
Alain Roumilhac, president of ManpowerGroup France, says there are too many rules on French companies which need to be freed up.
Patrick de Maeseneire, CEO of Adecco Group, says the French economy is in a "difficult" place.
FRANKFURT, Aug 27- U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities such as Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis. Currently, Uber operates in Berlin, Hamburg, Munich, Frankfurt and Duesseldorf.
EU Commission tells France: time to speed up reforms. By Ingrid Melander and Jean-Baptiste Vey. JOUY-EN-JOSAS, France, Aug 27- French Prime Minister Manuel Valls launched a charm offensive on the corporate world on Wednesday, promising to speed reforms aimed at freeing up the economy and to make tens of billions of euros in tax cuts.
Denis Kessler, CEO of Scor, says the French cabinet reshuffle is an "historical event" but that it comes "very late" and that France needs to start an austerity program.
BERLIN, Aug 14- Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.
*EU Commission tells France: time to speed up reforms. "It is urgent for France but not just France, for the other countries which are in a similar situation to speed up the work they are doing, the structural reforms," said a spokesman for EU Economic Commissioner Jyrki Katainen.
MADRID/ PARIS, Aug 27- The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.
PARIS— France on Wednesday recommended that its citizens leave the African countries of Sierra Leone and Liberia because of the outbreak of Ebola there, and Air France temporarily suspended its three flights a week to Sierra Leone.
PARIS, Aug 27- IMF chief Christine Lagarde has been put under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister.