Egyptian President Abdel-Fattah el-Sissi is facing criticism after a massive red carpet was laid over public roads for his motorcade during a trip to open a social housing project in a Cairo suburb, where he preached austerity.
Christian and Muslim leaders in Cyprus on Wednesday repeated their full support for ongoing talks aimed at reunifying the ethnically-split country, saying their united stand for peace serves as a strong example of cooperation in a region where conflict is often fueled by religion.
Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros ($2.85 billion) for the European beer brands Grolsch, Peroni and Meantime — a sale that is meant to address regulatory concerns about its mega merger with SABMiller.
Hit by sharp declines in freight rates and the oil price, Danish shipping and energy group A.P. Moller-Maersk said Wednesday it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the profit of $189 million in the equivalent period a year earlier.