Portuguese ex-PM Socrates arrested in corruption probe


LISBON - Portuguese police have arrested former Socialist prime minister Jose Socrates and three other people in an investigation of suspected tax fraud, corruption and money-laundering, the Prosecutor General's office said on Saturday. | Video


Swiss agency has more queries over Etihad plan to buy Darwin stake 22 Nov 2014

ZURICH - Swiss authorities have given Darwin Airline until the end of January to answer more questions about Etihad Airways' plans to buy a third of the Swiss airline before it gives the deal the green light.


UK-Spain dispute over Gibraltar threatens European skies reform 21 Nov 2014

BRUSSELS - The dispute between Britain and Spain over Gibraltar threatens to hold up European Union plans to merge national air corridors, diplomats say.


Exclusive - Boeing says it has no plans for long-range 737 MAX 20 Nov 2014

SEATTLE - Boeing Co has no plans to extend the range of its forthcoming 737 MAX 9 jetliner in response to Airbus Group's move to offer a long-range version of its competing A321 aircraft, a senior Boeing executive said on Thursday.

Insurers see rates falling up to 15 percent as competition bites 20 Nov 2014

LONDON - Competition in the global insurance market is driving commercial rates down by as much as 15 percent, senior industry participants said on Thursday, as some look to new products such as cyber insurance to boost revenues.


U.S. underlying inflation rising; economy firming broadly 20 Nov 2014

WASHINGTON - Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.


Ukraine peace outlook is bleak - OSCE official 20 Nov 2014

VIENNA - Prospects for peace in eastern Ukraine are "bleak", underscoring the need to uphold a shaky ceasefire between government forces and pro-Russian separatist rebels, a senior official from the OSCE security watchdog said on Thursday

Factbox - Six facts about director Mike Nichols 20 Nov 2014

- Few directors have moved between Broadway and Hollywood as easily as Mike Nichols. Here are six facts about Nichols, who died on Wednesday.


Ethiopian Airlines eyes African aviation liberalisation in 2015 20 Nov 2014

ANTWERP Belgium - Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline's chief executive said on Thursday.


Airbus deepens carmaker thinking to drive jet output 19 Nov 2014

PARIS - An industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand.