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UN condemns ‘unacceptable’ North Korea missile tests

United Nations / AFP The UN Security Council strongly condemned North Korea over its ballistic missile launches and demanded Pyongyang to refrain from further violations of UN resolutions. Backed by China, Pyongyang’s ally, the council said in a unanimous statement that “all these launches were unacceptable” and “constituted a clear violation of UN Security Council resolutions.” The statement was adopted ...

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Airbus looks for elusive India customer for its superjumbos

Hyderabad / Bloomberg Airbus Group SE, whose A380 jet doesn’t have a single customer in India, is still looking for a carrier in the South Asian country to buy the superjumbos, betting infrastructure growth in the world’s fastest growing air travel market will fail to keep pace with the rise in traffic. Airlines in India will need more of the ...

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French retailer Conforama wins Darty approval for bid

Paris / AFP A bid by French household goods group Conforama, majority-owned by South Africa’s Steinhoff, for rival Darty has won the backing of Darty’s board, both companies said, derailing a planned Darty tie-up with retail giant Fnac. Conforama earlier this month launched a conditional all-cash offer for Darty at 125 pence ($1.75, 1.61 euros) per share, aiming to create ...

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