Serco jumps as turnaround leads to boost in profit-target

  Bloomberg Serco Group Plc shares surged to a 14-month high after the U.K. government-services contractor raised its profit target for a second time this year following quicker-than-expected cost savings and the pound’s plunge. Serco rose as much as 16 percent to 138 pence, the highest intraday price since June 3, 2015, and was up 14 percent at 12:18 p.m. ...

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Dutch inflation rate dips for first time in 30 yrs

  The Hague / AFP Inflation in The Netherlands dipped into negative territory in July for the first time in nearly three decades, slipping to -0.30 percent, according to official statistics published on Thursday. “The last time that inflation was below zero was in December 1987,” the Central Statistics Office said. The news came after three months of stagnation when ...

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EU hits China, Russia with steel anti-dumping duties

  Brussels / AFP The European Union on Thursday hit China and Russia with anti-dumping duties on cold rolled steel imports after complaints by EU producers they were being forced out of the market. The European Commission said the levies, announced provisionally in February, will run for five years as Europe tries to cope with a global steel glut largely ...

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Britain’s new i360 tower a ‘pier in the sky’

  Brighton / AFP The world’s tallest moving observation tower, the i360, opens to the public on Thursday, a futuristic landmark that has transformed the historic seafront in the English tourist resort of Brighton. A 162-metre (530-foot) high steel tower is ringed by a doughnut-shaped glass observation pod that gently glides up and down. The design is meant to be ...

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Libyan unity forces fight IS in Sirte

  Sirte / AFP Libyan pro-government forces battled to retake territory in the IS group stronghold Sirte on Wednesday, but faced fierce resistance from extremist snipers and mines. Fighters allied to Libya’s UN-backed Government of National Accord (GNA), supported by US air strikes, are trying to retake the coastal city — hometown of slain dictator Moamer Kadhafi — from IS ...

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Audio from Boko Haram’s elusive chief fuels talk of split

  Kano / AFP Boko Haram’s elusive leader Abubakar Shekau broke his silence on Thursday to insist he was “still around” following reports IS had replaced him, but his message fuelled talk of a split within the extremist group. For months, speculation has been rife over the fate of Shekau, who has led the Nigeria-based rebel group since 2009 but ...

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Militants ambush foreign tourists in Herat

  Herat / AFP Taliban militants attacked a group of 12 American and European tourists escorted by an Afghan army convoy in western Herat province on Thursday, leaving at least seven people wounded as the insurgents step up nationwide attacks. The tourists — eight British, three Americans and one German national — were ambushed by Taliban gunmen in the restive ...

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France voices impatience over EgyptAir crash probe

  Paris / AFP France’s top diplomat has told his Egyptian counterpart that the French families who lost loved ones in the May 19 EgyptAir crash are impatient for answers, the foreign ministry said Thursday. French Foreign Minister Jean-Marc Ayrault, in a telephone conversation on Wednesday, “reminded” his Egyptian counterpart Sameh Choukri “of the difficult situation of the families waiting ...

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Tremors from Turkey coup rattle US, EU

  Istanbul / AFP From the roads of Pennsylvania and corridors of power in Washington to the public squares of Cologne and EU offices in Brussels, the shockwaves from the July 15 failed coup have gone well beyond Turkey. The aftermath of the coup that aimed to unseat President Recep Tayyip Erdogan has prompted a drastic sharpening in Turkish rhetoric ...

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Goldman Sachs fined $36mn over leaked docs

  Washington / Bloomberg Goldman Sachs Group Inc. agreed to pay $36.3 million over allegations that former employees obtained confidential documents from the Federal Reserve in a settlement that requires the bank to beef up its policies to prevent another lapse. The Fed is also pursuing a $337,500 fine and a permanent banking ban against a former Goldman Sachs managing ...

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