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France Set for Transport Strike Chaos

France is bracing for a week of severe disruption to transport after unions called for more action in their bitter standoff with the Socialist government over its labor market reforms.

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Bid to Sell Kuwait's Top Food Firm Fails

A bid by a group of Gulf investors to purchase a majority stake of Kuwait's top food company and a regional leader, Americana, has failed, an official statement said Sunday.

"No final agreement has been reached," said Al-Khair National for Stocks and Real Estate, which manages billions of dollars of stocks held by the Kharafi family, Kuwait's wealthiest merchant family, which wanted to sell its 69-percent stake in Americana.

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Brexit: A Long, Complicated Divorce

A British exit from the European Union would plunge the two parties into a messy divorce and force them build a new relationship after a marriage of more than 40 years.

Here are the logistical and legal details of how the split would work, and the key issues that Brussels and London would have to negotiate if Britons vote for a "Brexit" in the June 23 referendum.

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British Florist Sees Rosy Future in Brexit

For Briton Damian Duffy, who has run flower shops for 20 years, a Brexit would feel like a "huge party".

This despite British Prime Minister David Cameron, the International Monetary Fund (IMF) and a host of multinationals all warning of a painful economic fallout should Britain vote to exit the European Union in a referendum on June 23.

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Gibraltar Leader Fears Spain Sovereignty Push over Brexit

Spain may try to force the issue of joint sovereignty with Britain over Gibraltar in the event of a Brexit, the territory's chief minister said in an interview aired Saturday.

Fabian Picardo told Sky News television that Spain might close the frontier gates with the British overseas territory if Britain votes to leave the European Union in a membership referendum on June 23, choking the peninsula of workers and land access to the continent.

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Turkey Visitor Numbers Slump over 30% in April

The number of foreigners visiting Turkey crashed by almost 30 percent in April as tourists stayed away due to security fears following a wave of attacks and tensions with Russia.

Some 1.75 million foreigners came to Turkey in April, down 28.07 percent on April 2015, the tourism ministry said in its latest release.

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Oil Dips after Meeting Resistance at $50 Level

Oil prices dipped in Asia Friday, pulling back further from the psychological $50 level as traders took profit and expectations of tighter global supply receded.

At about 0645 GMT, US benchmark West Texas Intermediate for July delivery was down 32 cents at $49.16 a barrel while Brent North Sea crude, the European standard, was 33 cents lower at $49.26.

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Militants Attack Chevron Oil Facility in Niger Delta

A militant group has attacked a Chevron installation in the Niger delta, a maritime expert confirmed Thursday, the latest damage to Nigeria's oil infrastructure that is dragging output to 20-year lows.

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Brent Crude Surpasses $50 a Barrel for First Time this Year

Brent crude passed $50 a barrel for the first time in 2016 on Thursday after data showed a fall in US crude inventories, adding to expectations of a tightening global market.

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Duterte Vows Economic Growth Outside of 'Dead' Philippine Capital

Incoming Philippine president Rodrigo Duterte pledged Thursday to spread economic activity beyond the overpopulated capital of Manila, calling it a "dead" city overrun by shantytowns.

Duterte said he would create new jobs by setting up economic zones outside of Manila to spread the wealth beyond the sprawling metropolis of about 15 million people, and that he would not allow any more factories to be built in the capital.

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