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IN THE NEWS

Egypt says over a dozen missing after Red Sea tourist boat capsizes

Egypt says over a dozen missing after Red Sea tourist boat capsizes

Egyptian authorities said more than a dozen people including foreigners were still missing after a tourist yacht capsized in the Red Sea on Monday, with 28 others rescued.

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Steelmaker ArcelorMittal to close two plants in France: unions

Steelmaker ArcelorMittal to close two plants in France: unions

ArcelorMittal, the world's second-biggest steelmaker, plans to close two plants in northern France, which together employ more than 130 people, unions said on Monday.

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Macy's says employee hid up to $154 mn in costs over 3 years

Macy's says employee hid up to $154 mn in costs over 3 years

Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.

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Germany fears outside hand in deadly Lithuania jet crash

Germany fears outside hand in deadly Lithuania jet crash

A DHL cargo plane crashed Monday near the Lithuanian capital's airport, killing one crew member, with Germany raising the possibility of outside involvement in the disaster.

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EU grocery shoppers 'fooled' by 'maze' of food labels: audit

EU grocery shoppers 'fooled' by 'maze' of food labels: audit

European grocery shoppers are at risk of "being fooled" by a proliferation of confusing and sometimes misleading food labels, EU auditors said Monday, calling on the bloc to improve current rules.

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Awaiting Commerzbank, Italy's UniCredit bids for Italian rival

Awaiting Commerzbank, Italy's UniCredit bids for Italian rival

With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, launched Monday a bid to buy its rival BPM for 10.1 billion euros ($10.6 billion).

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Alonso jokes about playing return amid Leverkusen injury woes

Alonso jokes about playing return amid Leverkusen injury woes

Bayer Leverkusen manager Xabi Alonso joked Monday he may be forced to return to the pitch amid his side's injury crisis "if they give me a player contract".

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20-year term sought in French mass rape trial for husband who drugged wife

20-year term sought in French mass rape trial for husband who drugged wife

French prosecutors on Monday demanded a maximum 20-year jail term for the man charged with enlisting dozens of strangers to rape his heavily sedated wife, in a trial that has shocked France.

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Stocks push higher on Trump's 'steady hand' for Treasury

Stocks push higher on Trump's 'steady hand' for Treasury

Stocks rose Monday on both sides of the Atlantic as traders welcomed Donald Trump's pick for Treasury secretary, seen as a reassuring choice promising ambitious goals to spur growth in the world's biggest economy.

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G7 ministers discuss ceasefire efforts in Mideast

G7 ministers discuss ceasefire efforts in Mideast

Italian Foreign Minister Antonio Tajani said Monday he was "optimistic" for a cessation of hostilities in Lebanon, as Middle East tensions dominated a G7 meeting near Rome.

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