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  • Europe faces up to flight safety threat posed by drones Wednesday, 26 Aug 2015 | 9:20 AM ET

    BERLIN/ FRANKFURT, Germany, Aug 26- No-drone zones, software to block flights into sensitive areas and registration rules are among proposals from European regulators and aviation experts to ensure growing numbers of drones don't case dangerous run-ins with passenger aircraft. Recognizing the threat, the European Commission conceded this year that "drone...

  • *Greece deal shows "pick and mix" approach to bank rescues. LONDON, Aug 26- European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. Euro zone finance ministers this month agreed an 86 billion euro third...

  • *China stock indexes give up early gains despite rate cuts. LONDON, Aug 26- Wall Street was expected to open almost 2 percent higher and Europe staged a fight-back on Wednesday, as traders tried to shake off fears about China's slowing economy and stocks collapse that is wreaking havoc in global markets. Europe's main bourses, which had surged on Tuesday after...

  • France says refund to Russia for warships is below $1.1B Wednesday, 26 Aug 2015 | 7:59 AM ET

    PARIS— France says the cost of the cancellation of the sale of two Mistral-class warships to Russia is below 1 billion euros. French government spokesman Stephane le Foll said Wednesday that the amount includes refunding all the advances paid by Russia. The 1.2 billion euro deal was supposed to be the biggest arms sale ever by a NATO country to Russia.

  • Schlumberger buying Cameron International in $12.71B deal Wednesday, 26 Aug 2015 | 6:45 AM ET

    HOUSTON— Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse. Schlumberger and Cameron put the acquisition's total value at $14.8 billion. "We believe that the next industry technical breakthrough will be achieved through integration of Schlumberger's...

  • *Corn firm amid uncertainty over size of U.S. crop. HAMBURG/ SYDNEY, Aug 26- U.S. soybeans fell on Wednesday on concern that Tuesday's interest rate cuts may not be enough to stimulate growth in China, the world's largest soybean importer. Corn and wheat rose, rebounding from losses on Tuesday.

  • GLOBAL MARKETS-World shares sag as China jitters persist Wednesday, 26 Aug 2015 | 4:53 AM ET

    *China stock indexes give up early gains despite rate cuts. LONDON, Aug 26- World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe's main stock markets, which had surged on Tuesday after China's moves, reopened 2...

  • Aug 25- Russia's consumer safety watchdog Rospotrebnadzor said it had asked retailers to withdraw some batches of detergents made by foreign companies including Henkel& Co and Procter& Gamble as they did not meet toxicological safety criteria. Russia banned many food imports from the European Union and the United States last year in retaliation to their...

  • Airbnb to start collecting taxes in Paris Tuesday, 25 Aug 2015 | 3:23 PM ET

    Aug 25- Online home-rental marketplace Airbnb Inc said on Tuesday it would begin collecting and remitting tourist taxes from guests on behalf of rental apartments in Paris. Airbnb, whose most popular city is Paris with more than 50,000 listings, said it would collect 0.83 euro per person per night for reservations made in Paris on or after Oct. 1.

  • FRANKFURT, Aug 25- Apple Inc patents covering the "slide to unlock" feature on smartphones are invalid, Germany's highest appeals court ruled on Tuesday, reaffirming a 2013 decision rejecting the U.S. company's claims by a lower court. In a statement, the appeals court said it confirmed a ruling by the lower Federal Patent Court that cancelled Apple's German...

  • *China offers overdue support, analysts expect more. LONDON, Aug 25- Euro zone bond yields shot higher on Tuesday after a brace of solid economic releases in Europe and the U.S, and a rate cut in China which quelled angst over a slowdown in the world's second largest economy. Data showing a rise in German business morale and rebounding U.S. consumer confidence both...

  • *USDA corn, soybean conditions match expectations. WINNIPEG, Manitoba, Aug 25- U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged...

  • Airbnb to include small Paris tourism tax on rentals Tuesday, 25 Aug 2015 | 10:44 AM ET

    PARIS— The home-sharing company Airbnb has agreed to incorporate in its prices a small tourist tax on rental apartments in Paris— following a request by Paris authorities. In a statement Tuesday, Airbnb said it would collect 0.83 euros per person per day to be paid by lodging tourists from Oct. 1. Paris— the most visited city in the world— is also the most popular city...

  • WARSAW, Aug 25- Polish banks' foreign owners plan to seek compensation for any losses incurred by their operations from a bill on Swiss franc-denominated mortgages, according to letters they sent to Poland's Senate. On Tuesday, the Senate published letters it had received from U.S. conglomerate General Electric and Germany's Commerzbank, owners of Poland's...

  • MSCI's benchmark EM stocks index recovered almost half of the 5 percent it had lost on Monday when worries about China's economic health had sent global markets into a panic. "The PBOC is doing what it has to do but it is very likely it is not enough so more will have to be done," said Wei Yao, China economist for Societe Generale in Paris. Though Asian markets were shut,...

  • GRAINS-Soybeans extend gains after China cuts rates Tuesday, 25 Aug 2015 | 7:15 AM ET

    *Soybeans extend gains to 1.3 pct after China cuts rates. *USDA leaves condition of soybean, corn crop unchanged. Wheat gained 1 percent despite the U.S. Department of Agriculture pegging the progress of the spring wheat harvest above market expectations.

  • DUBAI, Aug 25- Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's oil minister Bijan Zanganeh said on Tuesday. Iran and six world powers agreed a deal in July to curb Tehran's nuclear programme, but sanctions imposed in 2012 will not be lifted until Iran has...

  • BERLIN, Aug 25- Recent ructions in China are likely to slow growth in the country dramatically over the next half year and encourage the U.S. "Over the next six to eight months we will have a very difficult situation in China," he said. Macron said he expected the economic problems in China to push up the value of the euro, calling this a "bit of a handicap" for Europe.

  • German businesses not worried about China _ yet Tuesday, 25 Aug 2015 | 4:09 AM ET

    FRANKFURT, Germany— German companies shrugged off concerns about China's economy and turmoil in Greece, a key survey showed. The bulk of the responses came in the first two weeks of August, a period which included China's surprise devaluation of its currency on Aug. 11— but which preceded the dizzying stock market plunges Friday and Monday. The upbeat result comes...

  • THE HAGUE, Netherlands— Dutch nutritional supplements and chemicals company Royal DSM NV says it is laying off between 900 and 1,100 staff worldwide as part of a reorganization of its businesses. The company announced the job cuts Tuesday, saying the move would cut costs by 125- 150 million euros by the end of 2017. The restructuring aims at streamlining...