European closed mostly flat on Friday the U.K. raised the odds of a terrorist attack on its soil to "severe" from "substantial".» Read More
*FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.5 pct. PARIS, Aug 29- European shares rose in early trade on Friday, recovering some of the ground lost in the previous session as investors awaited inflation figures that may shed light on the European Central Bank's next policy move.
BRUSSELS— Inflation rate in eurozone drops to 0.3 percent in August in further sign of economic weakness.
TOKYO, Aug 29- SoftBank Corp is to offer a Sony Corp smartphone for the first time, selling the upcoming Xperia handset both in Japan and through subsidiary Sprint Corp in the United States, sources with knowledge of the matter said.
KUALA LUMPUR, Malaysia— Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.
BERLIN— Thousands of passengers are feeling the impact of a pilots strike in Germany after negotiations between the country's biggest airline Lufthansa and the union representing pilots collapsed over a long-running dispute regarding wages and early retirement benefits.
MILWAUKEE— Oversized mugs of beer clink together as drinkers sitting under a canopy of trees in a Milwaukee public park listen to live accordion music and proclaim "Prost!"
*Euro zone annual inflation August due at 0900 GMT. BRUSSELS/ FRANKFURT, Aug 29- If euro zone inflation falls deeper into the' danger zone' as expected on Friday, it will at the very least complicate the European Central Bank's plans to wait and see whether its recent policy move to ignite the euro zone economy will work.
NEW YORK— Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
Aug 28- New tensions in Ukraine, which has accused Russia of further incursions, may serve to light a fire under efforts to bring looser monetary and fiscal policies to the euro zone. While Russia has denied the allegations, NATO on Thursday said that well over 1,000 Russian troops were now inside Ukraine in what would represent a large increase.
*Decisions will help shape EU policy on economy, Ukraine. WARSAW/ BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk is seriously considering a proposal that he take the post of president of the European Council, a Warsaw government spokeswoman said on Thursday, linking his decision to the crisis in neighbouring Ukraine.
PARIS, Aug 28- German Finance Minister Wolfgang Schaeuble backed French President Francois Hollande's calls for greater investment to boost growth in Europe on Thursday, hours after Hollande called for a euro zone summit to coordinate pro-growth measures.
WASHINGTON, Aug 28- The International Monetary Fund's board is likely to stand behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said.
WASHINGTON— Commerce Department releases personal income and spending for July, 8:30 a.m.. WASHINGTON— The University of Michigan issues its index of consumer sentiment for August, 10:30 a.m.. BRUSSELS— Eurostat releases Eurozone inflation data.
PARIS, Aug 28- German Finance Minister Wolfgang Schaeuble on Thursday backed French President Francois Hollande's calls for greater investment to boost growth in Europe, hours after Hollande called for a euro zone summit to coordinate pro-growth measures.
*Polish PM Tusk favorite to take helm of European Council. WARSAW, Aug 28- If Polish Premier Donald Tusk becomes, as tipped, President of the European Council, it would mark Poland's arrival at the top table of EU policymaking, but could drag his ruling Civic Platform party to defeat at next year's domestic elections.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favorite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
*Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.
LONDON, Aug 28- Copper prices fell on Thursday, under pressure from escalating tensions in Ukraine and worse-than-expected euro zone economic sentiment, while falls in aluminum prices were kept in check by tightening availability of near-term supplies.
GENEVA/ LAGOS Aug 28- The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
BERLIN— Germany has put a specialized aircraft and a network of laser measuring stations on stand-by in case Iceland's Bardarbunga volcano erupts. Germany's transportation minister, Alexander Dobrindt, said Thursday that the laser measuring stations can detect ash concentration up to an altitude of 12 kilometers.