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Low-Cost Air Carriers Spreading Wings over the Atlantic

Low-cost air carriers are spreading their wings across the Atlantic, much to the chagrin of the major airlines now forced to serve new destinations and cut fares.

Transatlantic flights operated by Norwegian Air, Iceland's Wow air, Canada's WestJet and Morocco's Royal Air Maroc have multiplied in recent years as jet fuel has grown cheaper.

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Moldova Struggles to Reform Economy Hit by Money Laundering, Theft

Europe's poorest country Moldova -- politically torn between former Soviet master Russia and the West --- has seen its economy ravaged by rampant corruption and a string of money laundering and theft scandals.

As the country prepares for presidential elections on Sunday. observers from the Council of Europe recently issued an unflattering pre-vote report.

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Most Asia Markets Dip but Tokyo Lifted by Weak Yen

Japanese stocks rose Friday on a weaker yen as another feeble inflation reading put fresh pressure on Tokyo, but most other markets headed into the weekend on a dour note following a Wall Street sell-off.

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RBS Bank Slides into Loss on US Litigation Charges

Britain's state-rescued Royal Bank of Scotland slid into the red in the third quarter on US litigation and company-wide restructuring costs, it said Friday.

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Report: Fears of Fabricating Monetary Crisis Emerge on Eve of Presidential Election

Some indicators have emerged in the past few days, call for fear of attempts to manipulate -the already fragile- monetary situation in Lebanon in light of the looming presidential elections, al-Akhbar daily reported on Friday.

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Canada Hails Belgian Breakthrough on Trade Deal

Canada's Foreign Minister Stephane Dion on Thursday hailed a deal reached by Belgian political leaders to break the logjam over a landmark trade deal between the EU and his country.

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Food Back in Venezuelan Markets, but Who Can Afford it?

Food staples like rice and milk are returning to the empty shelves of Venezuelan supermarkets after a long absence -- but who can afford those eye-popping prices?

Delia Mendoza's eyes widen when she realizes that the price for half a kilo of red beans is 4,211 bolivars, or $6.40 at the highest official exchange rate. This in a country where the monthly minimum wage is around $100.

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Deutsche Bank Reports Surprise Q3 Profit

Troubled German lender Deutsche Bank reported Thursday a surprise 256-million-euro ($279 million) profit in the third quarter, compared with a loss of more than six billion in the same period last year.

Deutsche outdid the expectations of analysts surveyed by Factset, who had predicted it would book a loss of 949 million euros between July and September.

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Verizon Warily Staying with Deal to Buy Yahoo

A Verizon executive overseeing the purchase of Yahoo said Wednesday the deal was moving ahead pending the outcome of an investigation into an epic hack.

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Fujitsu in PC Merger Talks with Lenovo

Japan's Fujitsu said on Thursday it was in talks to merge its struggling PC business with Chinese computer giant Lenovo, sending its shares soaring as the company also announced a recovery in profits.

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