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  • *Brussels institutions back in action, facing familiar problems. Last week, the EU's remaining Big Three-- German Chancellor Angela Merkel, French President Francois Hollande and their host, Italian Prime Minister Matteo Renzi-- felt they needed to renew their vows at the wellspring of the union, the island of Ventotene, where in 1941 prisoners of Mussolini wrote a...

  • MOSCOW— Russia has lifted its ban on charter flights to Turkey, opening the way to a resumption of the package tours that were a major source of revenue for Turkey. Russia imposed the ban in November after Turkey shot down a Russian warplane at the Syrian border, an action that Putin denounced as a "treacherous stab in the back." Putin said then that charter flights to...

  • MOSCOW— A fire swept through a Moscow printing plant warehouse on Saturday, killing 17 migrant workers from Kyrgyzstan, Russia's emergency services said. The fire was caused by a faulty lamp on the first floor of the warehouse, where many flammable liquids and paper products were stored, and it spread quickly through an elevator shaft to the room where those who...

  • PARIS, Aug 26- Italian luxury goods maker Prada predicted a return to sales and profit growth next year, partly helped by improved sales trends in China, after posting a 25 percent drop in first-half underlying earnings and net profit. The Prada group, which makes the bulk of its sales from the Prada brand, but also owns the Miu Miu, Church's and Car Shoe labels, said...

  • PARIS, Aug 26- Italian luxury goods maker Prada predicted a return to sales and profit growth next year after its first-half underlying earnings and net profit dropped by 25 percent, partly dragged down by weak demand in China and Italy. The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home...

  • The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home market Italy where net retail revenue dived 21 percent in the six months to June 30. Earnings before interest, tax, depreciation and amortization reached 330 million euros in the first half, down from 440 million euros in the year-ago...

  • Fed chair Janet Yellen, while South Africa's rand and bonds remained under pressure after a tumultuous week. "People are booking profits after a strong run and South Africa has given them an excuse to do that." The South Africa rand firmed 0.2 percent but was on track to end the week 5 percent down and sovereign dollar bonds continued to sell off, with the 2025 issue...

  • Rusal's profit slumped 70 percent in the first half of 2016, but the aluminum giant said tightening Chinese supply was helping stabilize metal prices.

  • SEATTLE— The son of a Russian lawmaker has been convicted of hacking into U.S. businesses to steal credit card information and orchestrating an international online theft scheme that netted him millions of dollars. He could face up to 40 years in prison when he's sentenced Dec. 2, and he still faces similar charges in federal courts in Nevada and Georgia, his...

  • Aug 25- The son of a Russian lawmaker was convicted on Thursday on U.S. charges that he engaged in a scheme to hack into U.S. businesses in order to steal and sell credit card numbers, costing financial institutions more than $169 million. Roman Seleznev, also known as "Track2," was found guilty by a federal jury in Seattle on 38 of 40 counts including wire fraud and...

  • Vice President Joe Biden has cautioned Europe against a new natural gas pipeline planned to stretch from Russia to Germany, saying it "looks like a fairly bad deal" for Europe because it further increases its energy dependency on Moscow. Biden said Thursday that to lock Europe "into greater reliance on Russia at this moment... will fundamentally destabilize...

  • *Russia sends wheat to markets dominated by U.S., EU. *Russia opens way for wheat exports to Indonesia. MOSCOW, Aug 25- Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world's biggest wheat exporter for the first time.

  • SEATTLE— A jury is weighing whether the son of a Russian lawmaker hacked into U.S. businesses to steal credit card information and made millions selling the data to criminals. Attorney Norman Barbosa said Wednesday of Roman Seleznev at the close of the eight-day trial. The jury began deliberating following closing arguments just after noon and was released...

  • MOSCOW— A man who claimed to have a bomb seized a bank in the center of Moscow and took four people hostage Wednesday evening, but he surrendered peacefully a few hours later, police said. Russian news organizations identified the man as a 55- year-old bankrupt businessman who in recent years had made numerous appeals to the government to do more to help those in...

  • SEATTLE— The son of a Russian lawmaker made millions by hacking into U.S. businesses to steal credit card information and selling that data to other criminals, a federal prosecutor told the jury during his closing argument on Wednesday. Attorney Norman Barbosa said of Roman Seleznev at the close of the eight-day trial. The victim businesses that form the basis...

  • WASHINGTON— The FBI is investigating cyber intrusions targeting reporters of The New York Times and is looking into whether Russian intelligence agencies are responsible for the acts, a U.S. official said Tuesday. CNN first reported the FBI's investigation. New York Times spokeswoman Eileen Murphy would not confirm the FBI's investigation, but said, "We have...

  •  Iran oil plant under construction with Iran Flag

    Iran is sending positive signals that it may support joint action to prop up the oil market.

  • MOSCOW, Aug 23- Russia is expected to increase grain exports to 3.5 million tonnes in August from 2.2 million tonnes in July, SovEcon agriculture consultancy said on Tuesday. Russia, a major global wheat exporter, exported record high volumes in the 2015/ 16 crop season which ended on June 30, and is likely to export even more in 2016/ 17 when it expects the largest crop...

  • A worker walks past a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia.

    Brent crude fell back below $50 a barrel on Monday as analysts doubted upcoming producer talks would rein in oversupply.

  • A Russian national flag flies above the headquarters of Bank Rossii, Russia's central bank, in Moscow.

    After being pinned down by the weight of sanctions, Russia's stocks are on a tear. Analysts say they could keep going.