Frankfurt / AFP German retail giant Metro announced it will spin off its businesses into two separately listed units, sending its shares sharply higher. “The management board of Metro is preparing the creation of two independent and sector-focused companies through a demerger of the group,” Metro said in a statement. Metro shares were the strongest performer on the mid-cap MDAX ...

AFP Somalia’s bread basket has become a dust bowl as the life-giving waters of the mighty Shabelle river run dry amid intense drought in the war-torn country. River-fed farmlands have become parched playgrounds for children who kick footballs beneath a cloudless sky, as one sign among many of the failed rains that the United Nations warns has put more than ...

AFP Better known for its palm trees and celebrities, Los Angeles is also emerging as a tech hub, with its so-called Silicon Beach area offering a sun-kissed alternative to Silicon Valley. In recent years tech companies large and small, including Facebook, Google and Snapchat, have opened offices in Santa Monica, Venice or Marina del Rey — better known for shirtless ...