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World oil market 'lopsided' as supply outpaces demand: IEA
The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday. "Global oil market balances are looking increasingly lopsided, as world oil supply is forging ahead while oil demand growth remains modest by historical standards," the IEA said.
Google to pay millions to South African news outlets: watchdog
Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday. In February, the Competition Commission had recommended that Google pay up to $27 million a year for five years, following a 16-month investigation that found Google searches favoured international news over local outlets.
UK economic gloom deepens before budget
Britain's economy slowed in the third quarter, official data showed Thursday, dealing another blow to the Labour government ahead of its annual budget. The growth figure comes after official data this week showed UK unemployment rising more than expected to 5.0 percent in the third quarter, ahead of the November 26 budget.
Burberry narrows first half loss on turnaround plan
Burberry said Thursday it narrowed losses in its first half thanks to the British luxury fashion label's turnaround plan begun a year ago. Nevertheless, the group announced Thursday that sales fell five percent to £1.0 billion in its first half. bcp/ajb/jh
In Kyrgyzstan, world's largest natural walnut forest thins away
Rustling through fallen golden leaves, locals in a forest outside Arslanbob in the Kyrgyz mountains were scurrying for walnuts -- an ancient pastime and economic lifeline for the region. Locals are trying to address the problem, including by seeding millions of trees in the Arslanbob forest nursery.
TV soaps and diplomacy as Bangladesh and Turkey grow closer
In a recording studio in Dhaka, voiceover artist Rubaiya Matin Gity dubs the latest Turkish soap opera to become a megahit in Bangladesh -- a pop-culture trend that reflects growing ties between the two countries.
Striking Boeing defense workers to vote on latest contract
More than 3,000 striking Boeing defense workers will vote Thursday on a revised contract proposal that comes closer to their demands. The offer replaces the prior proposal of a $3,000 signing bonus plus $3,000 in restricted stock.
EU lawmakers to vote on unpicking green business rules
European lawmakers are expected on Thursday to back weakening a set of EU environmental and human rights rules, as part of a business-friendly push against red tape that has split parliament.
Stocks stutter with focus on Fed, tech after US reopen vote
Asian markets trod water Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble worries. The currency has come under pressure following dovish comments from Japan's central bank that tempered best on another interest rate hike and as the US moved towards reopening its government.
AFP
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