Venerable old airlines Lufthansa (LHAG.DE) and Air France (AIRF.PA) know the smart money is in the low-cost market –Ryanair (RYA.I) raised its forecasts again on Thursday - but powerful labor unions are keeping them from the bounty.
Country
Instagram reportedly blocked in China amid Hong Kong protests
Instagram, the popular photo-sharing service owned by Facebook Inc (FB.O), has been blocked in China, according to numerous reports, including from Hong Kong-based reporters with the New York Times.
Yahoo-AOL merger proposal: recipe for revival, or stagnation?
A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive.
Italy PM Renzi attacks establishment resistance, vows to press on
Facing rumors that he could face pressure to quit, Italian Prime Minister Matteo Renzi hit back on Sunday against criticism from business leaders and dared his opponents to challenge him in parliament.
Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed
Dubai construction company Arabtec ARTC.DU is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.
Latest News
Adidas (ADSGn.DE) needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike (NKE.N), but persuading them to move to its headquarters in rural Germany is difficult.
When popular Chinese handset maker Xiaomi Inc admitted that its devices were sending users' personal information back to a server in China, it prompted howls of protest and an investigation by Taiwan's government.
Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.
China's Fosun International Ltd has upped its bid for Portugal's Espirito Santo Saude (ESS) to 4.82 euros a share or 460.5 million euros ($584 million) in total, stepping up the battle over the hospital business of the indebted Espirito Santo family.
Radiohead singer Thom Yorke on Friday released an album via BitTorrent, the British rocker said, marking the first time the online file transfer system often associated with piracy has been used to sell music.
A group of top U.S. financial regulators urged banks to quickly fix their software to protect it against the "Shellshock" computer bug, saying it could expose them to fraud.
Japan's SoftBank (9984.T) is in talks to acquire DreamWorks Animation SKG (DWA.O) in a deal that valued DreamWorks at as much as $3.4 billion, media reported on Sunday.
Watch out Harry Potter, you are not the only wizard with an invisibility cloak. Scientists at the University of Rochester have discovered a way to hide large objects from sight using inexpensive and readily available lenses a technology that seems to have sprung from the pages of J.K. Rowling's Harry Potter fantasy series.
Microsoft Corp will unveil a new name for its best-known product on Tuesday when it offers the first official glimpse of its latest Windows operating system.
