MTN looks to cut ‘excessive’ licence fee in Benin

21 Nov

South African mobile phone giant MTN is in talks with Benin’s telecoms regulator after its subsidiary was slapped with a bill of more than $200 million.The regulator (Arcep) wants MTN Benin to pay 134.4 billion CFA francs — the equivalent of $213 mill…

French luxury group LVMH bags top Californian vineyard

21 Nov

French luxury group LVMH on Tuesday announced it was adding to its stock of fine wines and spirits by taking over Colgin Cellars, a deluxe vineyard in California’s Napa Valley. Current owners Ann Colgin and her husband Joe Wender will sell a 60 percen…

With AT&T case, US may chart new antitrust path

21 Nov

In challenging the huge AT&T-Time Warner merger, the Trump administration is reversing a decades-old antitrust policy in a politically charged case that could have implications for other big tie-ups, and potentially for dominant technology companies.A …

US existing home sales inch higher in October

21 Nov

Sales of existing US homes inched higher for the second straight month in October despite increasingly tight supplies and rising prices, the National Association of Realtors reported Tuesday.The pace of sales hit its highest level in four months but ne…

Airbus gets certification for A350-1000

21 Nov

Airbus said Tuesday that its A350-1000 widebody aircraft had received certification from US and European aviation authorities, clearing the way for its delivery and entry into service.A longer version of the Airbus A350-900, the twin-engine plane can a…

Morocco regulator bans bitcoin payments

21 Nov

Morocco’s currency regulator has announced a ban on transactions in bitcoin and other virtual currencies, in a country where foreign exchange flows are tightly controlled.”Transactions via virtual currencies constitute a breach of regulations, punishab…

Turkish lira hits record low against US dollar

21 Nov

The Turkish lira hit record lows in value against the US dollar on Tuesday as investors took fright over an impending trial in the United States and changes to banking regulations.The lira was down over one percent to 3.97 to the dollar at 0652 GMT bef…

New Palestinian city rises with sleek homes, boutiques

21 Nov

With wide boulevards, fashionable shopping and a Roman-style amphitheatre, the newly built Palestinian city of Rawabi is the culmination of a decades-long dream for developer Bashar al-Masri.The Palestinian-American businessman has struggled to overcom…

Free wheelin’ in New York: the Big Apple bike boom

21 Nov

Expanding bike lanes, handing out free helmets and making lessons free: New York is making great strides in encouraging pedal power at the expense of exhaust fumes, even if some cyclists are still nervous about navigating bottleneck traffic.For years, …

Asian markets rally after Wall St lead, euro struggles

21 Nov

Tokyo’s Nikkei led a rally across Asian markets on Tuesday, boosted by a weaker yen while traders took heart from a healthy run on Wall Street, though German uncertainty kept pressure on the euro.While concerns about the chances for US tax reform conti…

US files suit to block $85 bn AT&T-Time Warner merger

20 Nov

AT&T said Monday that US antitrust enforcers filed suit to block its merger with Time Warner, setting up a major court battle over the $85 billion tie-up.The deal announced more than a year ago would merge vast content of Time Warner units like premium…

Janet Yellen to depart US Fed in February

20 Nov

US central bank chief Janet Yellen announced Monday she will leave the Federal Reserve in February once her successor as chair is sworn in. The decision comes less than three weeks after President Donald Trump broke with tradition to replace Yellen rat…

US state gives key approval for Keystone pipeline

20 Nov

Regulators in the US state of Nebraska on Monday granted a key approval needed for construction of the Keystone XL pipeline, the source of a nearly decade-long feud between environmental activists and the energy industry.Officials in Nebraska granted T…

Apple Pay in first deal with major French bank

20 Nov

Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said Monday it would offer its clients the chance to use the smartphone payment system.In a brief statement, Societe Generale said it would in future offer…