Economic losses in Texas from Hurricane Harvey, which is still pounding the water-logged U.S. state with rain, will be some $58 billion (49 billion euros), disaster analysts in Germany said Thursday.

French President Emmanuel Macron's government unveiled a major overhaul of the labor code on Thursday, a signature reform that will test his ability to force through business-friendly changes and face down protests.

Asia’s biggest carrier China Southern Airlines said higher jet fuel costs clipped its profit in the first half, while China Eastern earnings rose but only with the help of a one-off asset sale.

Crude prices slipped back in Asian trade Wednesday as a key U.S. oil-producing region reeled from the devastation caused by monster storm Harvey.

Once a day, the electricity comes on and the Ahmed household whirs into action -- even if it's the middle of the night.

American billionaire Warren Buffett's Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.

Buffett had received the warrants in 2011 after investing $5 billion in the bank, which was suffering at the time from the fallout from the global financial crisis. 

Monster storm Harvey slammed into a key U.S. oil-producing region disrupting output amid the devastation, but crude stocks are high enough that the impact on the industry should be short-lived, experts said Monday.

LibanPost has chosen Lebanese international businessman Carlos Ghosn to be featured as the next Lebanese figure in its series of stamps and an official unveiling event was held Monday in the presence of Ghosn and Telecom Minister Jamal al-Jarrah.

The euro held its gains on Monday as traders bet that the European Central Bank would start to wind down its crisis-era stimulus program, while lower expectations for further tightening in the United States weighed on the dollar.

Chinese authorities have approved a mega-merger between the country's largest coal producer and a top electricity firm, the government said Monday, reportedly creating the world's biggest power company in terms of capacity.