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Paris Telecom Stocks Dive as Orange Hangs up on Buying Rival

Stocks in French telecoms companies fell sharply on Monday after market leader Orange said talks to purchase the rival network owned by industrial group Bouygues had failed. 

The company said that "after in-depth discussions, the Board of Directors of Orange has concluded that an agreement regarding a possible consolidation with Bouygues Telecom has not been reached.

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Spanish Joblessness Edges Down in March

Spain's unemployment, the eurozone's highest after Greece, shrank by 1.4 percent in March over February, the employment ministry said Monday.

The jobless total fell by 58,216 to 4,094,770, the ministry said, adding that unemployment has fallen over eight percent over the past 12 months.

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Israel Records Stable Growth, Lowest Jobless in Decades

Israel last year recorded stable economic growth of 2.5 percent and its lowest unemployment rate in three decades, the central bank announced Sunday.

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Israel Returns Power to Palestinian City despite Debt

Israel's state-run electricity company has restored full power supply to the Palestinian city of Jericho in the occupied West Bank after reducing it over an outstanding debt, officials said Sunday.

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Iran Oil Exports Surpass 2 Million Barrels per Day

Iran's oil exports have surpassed 2 million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zanganeh said on Sunday.

"Iran's oil and gas condensate exports are now at more than 2 million barrels per day" after rising by 250,000 bpd since March 1, the ministry's Shana news service quoted Zanganeh as saying.

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Parched Fields Force Thailand to Look beyond Rice

Thailand has long served as one of the globe's main rice bowls, but chronic water shortages are pushing the country to move away from a grain that dominates its fields and has defined a way of life for generations.

Laddawan Kamsong has spent the past forty years coaxing rice from her plot in central Thailand, but she is tired of watching her farmland squeezed dry by increasingly severe droughts.

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Truce in 'Currency War', but Will it Last?

A truce appears to have emerged in the undeclared global "currency war", but analysts question whether central banks have really given up manipulating exchange rates to prop up their economies.

"The currency war is in reality a war between central banks who are battling to support their own interests and taken into account what their rival central banks are doing," said Sylvain Loganadin, an analyst at online foreign exchange broker FXCM.

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Greece Wants IMF Explanations over Wikileaks Report

Greece on Saturday demanded "explanations" from the International Monetary Fund after WikiLeaks said the lender sought a crisis "event" to push the indebted nation into concluding talks over its reforms.

Prime Minister Alexis Tsipras said he would write to IMF chief Christine Lagarde and reach out to European leaders, after the website published what it said was a transcript of a teleconference in which IMF officials complained that Athens only moves decisively when faced with the peril of default.

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Oil Services Group Schlumberger Completes Cameron Merger

Franco-American firm Schlumberger, the world's largest oilfield services company, has completed  its merger with smaller rival Cameron International Corporation worth $14.8 billion.

U.S. authorities had given the clearance in November, the EU in February and the Chinese authorities gave their assent last month, paving the way for what Schlumberger  termed the sector's leading integrated industrial complex.

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Obama Says Will 'Take Time' for Iran to Rejoin Global Economy

U.S. President Barack Obama said on Friday it will take time for Iran to rejoin the global economy, as the country's leadership and citizens express unease that a sanctions windfall has been slow to materialize.

"It will take time for Iran to reintegrate into the global economy, but Iran is already beginning to see the benefit of this deal," Obama said at a meeting of world powers in Washington.

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