Air France pilots have ended a two-week strike that paralysed the country's flagship airline, and was triggered by a dispute over new contracts relating to a new low-cost operation.
French union the National Syndicate of Airline Pilots (SNPL) has rejected an Air France proposal that would end a week-long strike, stating that the offer failed to resolve the pilots' grievances.
Alibaba has debuted as a publicly traded company and quickly risen nearly 40 percent in an initial public offering, or IPO, that offered investors a way to tap into the prosperous Chinese middle class.
Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history, lifting the Chinese online retailer's value to $244bn.
Airline Air France-KLM pilots began a week long strike at the French arm of the business over company plans to expand its low cost subsidiary Transavia, cancelling more than half of its due flights on Monday.
South Korea has proposed a tax hike that would nearly double cigarette prices as the government tries to reduce one of the world's highest smoking rates among adult males.
A former US ambassador to Afghanistan, Iraq and the United Nations has been caught up in a suspected money-laundering inquiry that led to a freeze on bank deposits he and his wife hold in Austria.
Australian Prime Minister Tony Abbott has sealed a civil nuclear deal to sell uranium to India and also offered to increase supplies of conventional fuel to help it overcome chronic shortages.
BP faces a total of $49bn in costs and fines for the 2010 Gulf of Mexico oil spil disaster, after a federal judge ruled the company acted with "gross negligence''.
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|Liaquat Ali Khan|