France halts fuel tax hikes

The French government on Tuesday announced that it would suspend planned increases in fuel taxes for six months in a bid to quell fierce protests that have ballooned into the deepest crisis of Emmanuel Macron's presidency.

The concession was one of several made by prime minister Edouard Philippe in a rare televised address, after the country was rocked by intense street clashes and vandalism in Paris over the weekend.

100 years of WW1: World leaders gather in Paris

World leaders gathered in the driving rain in Paris on Sunday to mark 100 years since the end of World War I, with host Emmanuel Macron warning against nationalism at a time of growing strain between Europe and Donald Trump's America. Around 70 leaders including US President Trump and his Russian counterpart Vladimir Putin marked the centenary of the 1918 Armistice in the French capital at 11am local time (1000 GMT).

ArcelorMittal isn’t a loan defaulter, is eligible to acquire Essar: LN Mittal

Undeterred by the initial setback in its plans to acquire debt-laden Essar Steel, ArcelorMittal chairman and CEO Lakshmi Mittal has emphasised that his company has never defaulted on any bank loan and held that he was on firm legal ground to meet the eligibility criteria under Clause 29A that prevents promoters of defaulting companies to bid for the assets on sale.

Airbus rebuffs US threat, takes Bombardier C-Series in fold

In the face of a bitter trade dispute with Boeing, Airbus announced it would take a majority stake in Bombardier’s marquee C-Series airliner programme, as the Canadian firm battles a stiff tariff ruling in the US.

The landmark agreement comes after the US administration slapped a 220 per cent countervailing duty, as well as an 80 per cent anti-dumping tax, on Bombardier CS100 and CS300 aircraft imported into the United States. Boeing accuses Bombardier of manufacturing its 100-150 seat planes with public subsidies and selling them at a loss to Delta Air Lines.

Nobel Literature Prize: Controversy, fame and flops

Ahead of the announcement on Thursday of this year's Nobel Literature Prize laureate, here is a look at some of the controversies down the years since the prestigious title was first awarded in 1901.    

The 1964 laureate French philosopher Jean-Paul Sartre, whose political philosophy was partly based on the criticism of institutions, was the first writer to refuse the prize. He wrote that he "always declined official honours".