Europe

India reaches Red Planet, but at home red tape binds space firms

As India celebrated becoming the first Asian nation to reach Mars, S.M. Vaidya, head of business at conglomerate Godrej's aerospace division that made the spacecraft's engine and thruster components, sounded surprisingly downbeat.

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Nike shares spike as profit beats estimates

Nike Inc's (NKE.N) shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.

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Drone delivery: DHL 'parcelcopter' flies to German isle

Logistics firm DHL is using a drone to fly parcels to the German island of Juist, in what it says is the first time an unmanned aircraft has been authorized to deliver goods in Europe.

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India triumphs in maiden Mars mission, sets record in space race

India's low-cost mission to Mars successfully entered the red planet's orbit on Wednesday, crowning what Prime Minister Narendra Modi said was a "near impossible" push to become the only country to complete the trip on its maiden attempt.

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Yen up on PM Abe's concern; record-breaking dollar run stalls

The yen rose on Wednesday after Japanese Prime Minister Shinzo Abe voiced concern about the economic impact of its fall to a six-year low, adding to the sense of a halt this week in the dollar's record-breaking run since July.

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Europe new car registrations rise 1.8 percent in August: ACEA

Car sales in Europe rose 1.8 percent in August with volume makers Volkswagen (VOWG_p.DE), Ford (F.N) and Opel (GM.N) benefiting from improved demand in Spain, Portugal and Ireland, while premium makers lost ground due to a drop in sales in Germany.

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Luxury shoe brand Jimmy Choo to float on London Stock Exchange

European luxury shoe brand Jimmy Choo said on Tuesday that it would float on the London Stock Exchange, with an offer of existing shares from owner JAB Luxury.

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Asia braces for the worst from China factory survey

Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.

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Air France strike crisis deepens as both sides dig in

A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.

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Relief over Scotland gives way to 'Great Stagnation' worries

Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it.

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G20 says nearing growth goal, but more needed from Europe

The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.

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Air France pilots extend strike until Sept. 26

Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company's Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday.

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Japan fourth quarter aluminum premiums mostly set at record high $420 per tonne: sources

Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sources directly involved in the talks said.

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Exxon winds down drilling as U.S. sanctions hit Russia

Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations.

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Rosneft struggles to grow as sanctions hit Russia's oil champion

The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.

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