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Air France's stock sinks as government warns on its future

Air France's share price dived Monday after its CEO quit and the French government warned that the country's flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 percent of Air France flights worldwide. The number of...

Turkish inflation surges again in April ahead of polls

Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections. Consumer prices rose 10.85 percent in April from the same month the year earlier, the Turkish...

Air France cuts back on Iran flights, blames weak demand

Air France is cutting its Joon subsidiary's service between Paris and Tehran to the summer season only, blaming a poor economic performance over two years in operation. "Air France has decided to adapt its programme to better match demand," a spokeswoman said by email, adding that the...