Geneva / AFP The concentration of carbon dioxide (CO2) in the atmosphere averaged a record 400 parts per million in 2015, an ominous milestone for the planet’s health, the UN said on Monday. The greenhouse gas has previously passed the 400 ppm threshold on certain months in specific locations but never on an annual global basis, the United Nations World ...

  DUBAI / Reuters Saudi Arabia’s stock market closed higher for a fourth straight session on Monday after last week’s mega international bond sale by the government boosted sentiment, but Egyptian shares dropped further as a chronic dollar shortage weighed on sentiment. Riyadh’s stock index rose 1.0 percent, taking its gains over the last four sessions to 6.2 percent. It ...

  London / AFP Eurozone stock markets marched higher Monday following bright economic data, showing business activity in October at a 10-month high. Frankfurt gained 0.8 percent in value and Paris won 0.7 percent. London meanwhile London erased earlier gains to trade virtually flat around midday compared with Friday’s closing level. “A positive swell of data has continued to boost ...

  Bloomberg Rockwell Collins Inc., with its $6.4 billion takeover of B/E Aerospace Inc., is betting big that airplanes will get smarter as everything from lie-flat seats to toilet valves flash data in real time to airline crews and maintenance workers on the ground. The acquisition is the largest in the avionics company’s 83-year history, eclipsing its $1.39 billion takeover ...

  Bloomberg From the annals of Truth Is Stranger Than Fiction comes news that the Indian e-commerce giant Flipkart is considering getting into bricks and mortar. The company that made a name for itself helping shoppers avoid physical stores may end up inviting them in. It’s not as preposterous as it sounds. Nor is it just a copy of Amazon’s ...

  Bloomberg MTN Group Ltd. said Rob Shuter will start as chief executive officer more than three months early as the South African wireless carrier reported data traffic that more than doubled and raised its full-year forecast for subscriber growth. Shuter, who was hired from Vodafone Group Plc in June, will join Johannesburg-based MTN on March 17, the company said ...

  Bloomberg Turkish Airlines, which posted losses for two straight quarters, appointed the nation’s head of civil aviation, Bilal Eksi, as its chief executive officer. EkÅŸi helped manage the reorganization of Cyprus Turkish Airlines between 2009 and 2010 before being named the director general of civil aviation in 2011. He takes over from Temel Kotil, who resigned last week with ...

  Bloomberg A group of American Airlines Group Inc. pilots is preparing a push to give up their 53-year-old independent union and join the larger Air Line Pilots Association, after peers at rival carriers secured tentative contracts with better pay and benefits. Resolutions calling for creation of an Allied Pilots Association committee to evaluate the issue will be introduced in ...

  Bloomberg TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, agreed to buy Scottrade Financial Services Inc. for $4 billion, combining two of the largest online brokerages while expanding the U.S. operations of Canada’s second-largest lender. TD Ameritrade agreed to acquire Scottrade’s brokerage operations for about $2.7 billion. Toronto-Dominion, which owns about 42 percent of TD Ameritrade, will ...

  Bloomberg The Bank of Japan (BOJ) expressed concern that some banks may take excessive risks to maintain profitability while the ability of others to lend could weaken following the introduction of its negative interest-rate policy. Banks are less able to make up for declining profitability of domestic lending because the areas that had supported earnings, such as low bad-loan ...