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  • Lufthansa Technik, the maintenance division of the German airline which also specialises in fitting cabins on big VIP and executive jets, has come up with a gadget for those who want to keep their bird of prey by their side when travelling. Falconry is a popular pastime in the Middle East, where it has been practised for thousands of years, and Lufthansa Technik...

  • LIMA, Dec 8- The Global Environment Facility, which has provided $13.5 billion in grants to developing nations since 1991, wants a wider role in protecting nature by tightening commodity supply chains from farmers to consumers. In that example, reducing forest clearances would have to involve banks to prevent lending to loggers on protected land, as well as...

  • Dec 8- McDonald's Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants in November, hurt by weakness in the United States and Asia, and warned that such results would "significantly pressure" margins in the current quarter. November marked the sixth straight month of worldwide same-restaurant sales declines at...

  • LIMA, Dec 8- The chances of extremely hot summers in parts of Europe have risen tenfold this century because of man-made global warming, a study by British scientists said on Monday. The study defined an extreme summer as one that is 1.6 degrees Celsius above the average for 1961-90. In the last decade, average summers in Europe have warmed by 0.81 degree C, it said.

  • Uber, which had employed the driver even though he had been arrested on allegations of sexual assault three years ago, would be blacklisted from providing any future services in the New Delhi area, the city's transport department said in a statement. Even after the enactment of new laws imposing stricter penalties and establishing fast-track courts, India is...

  • Madoff trustee loses appeal on clawbacks Monday, 8 Dec 2014 | 10:43 AM ET

    NEW YORK, Dec 8- Victims of Bernard Madoff's fraud may recover less money than they had hoped after a federal appeals court limited the ability of the trustee liquidating the swindler's firm to recoup "fictitious profits" and other transfers from customers. The 2nd U.S. Circuit Court of Appeals in New York on Monday said federal bankruptcy law did now allow the...

  • *Euro falls after Nowotny says QE has valuable role. NEW YORK, Dec 8- The dollar slid from a seven-year high against the yen and a two-year peak versus the euro on Monday, as investors consolidated gains made following a strong U.S. jobs report that is expected to trigger an interest rate increase next year. "We're drifting off in the dollar and this is just...

  • *Five-seat concept crossover to feature at Detroit- sources. BERLIN, Dec 8- Volkswagen will present a sport-utility concept vehicle in the United States next month, intended to increase its range in the lucrative crossover segment and boost sales in the world's second-biggest car market, company sources said. A five-seat variant of the seven-passenger SUV the...

  • *UK has heaviest household debt burden of any G7 economy. *Record-low rates have shielded borrowers until now. LONDON, Dec 8- Britons who have relied on years of record-low interest rates to manage hefty mortgages are looking nervously ahead to 2015, when the Bank of England finally looks set to start raising rates.

  • RIYADH, Dec 8- Saudi Arabia's King Abdullah appointed new ministers for health, higher education, transport, agriculture, information and Islamic affairs on Monday as part of the kingdom's broadest reshuffle of second-tier posts in years. Sulaiman Abu al-Khail was appointed Islamic affairs minister, taking responsibility for Saudi Arabia's enormous...

  • Dec 8- Sony Corp's PlayStation online store was hacked on Monday, leading to a two-hour outage, the Financial Times reported, without citing sources. Sony confirmed the outage and said it was investigating the cause. Sony said users faced difficulty accessing the PlayStation network between 8:52 a.m. and 11:18 a.m. Tokyo time on Monday and the issue had been...

  • Dec 8- Engineering products maker TriMas Corp said it would spin off its truck and trailer accessories unit, Cequent, into a standalone company. TriMas said it expected to have a "higher growth and margin profile" after the spinoff, with margin growth expected to exceed 15 percent, excluding items. Trimas said it expects third party and legal expenses related to the...

  • *Morgan Stanley cuts Brent forecast to $70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter...

  • Dec 8- U.S. economic growth is expected to pick up next year, driving down the unemployment rate, but inflation is seen slowing slightly, according a survey published Monday by the Federal Reserve Bank of Chicago. The forecasts, from manufacturers, bankers, analysts and others participating in the regional Fed bank's annual outlook symposium last week, also point...

  • NEW YORK, Dec 8- U.S. stocks dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares. Data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third quarter.

  • LONDON, Dec 8- Pfizer Inc is moving into the gene therapy space in the latest sign that the technology for fixing faulty genes may finally be ready for prime time, following earlier setbacks. The Spark program is expected to enter early-stage clinical trials for hemophilia B in the first half of 2015. Spark will be responsible for the early Phase I/II tests, with...

  • BERLIN, Dec 8- Airports and train stations are home to ever increasing numbers of retail outlets, serving travelers who want to buy goods on the go and brands targeting a global and mobile audience. It's about squeezing it in to our hectic lifestyles, "said Ben Perkins, consumer expert at consultants Deloitte. The sector is enjoying 10 percent annual growth and...

  • WASHINGTON, Dec 8- The U.S. Supreme Court on Monday rejected BP's challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts despite being unable to trace their losses to the disaster. So far, BP has paid $2.3 billion in so-called business economic loss claims out of $4.25 billion in...

  • *Yields fall from two-week highs on global growth fears. *Five-year, 30- year yield curve flattest in six years. NEW YORK, Dec 8- U.S.

  • SUPREME COURT REJECTS BP CHALLENGE TO GULF OF MEXICO SPILL SETTLEMENT AGREEMENT.