Marks & Spencer sales hit by summer deluge

Bellwether British retailer Marks & Spencer posted its worst underlying quarterly sales performance for three and a half years after the wettest April and June since records began hammered trade in womenswear.

Shares edge lower after weak China imports

Asian shares fell on Tuesday after Chinese import growth slowed sharply in June, underscoring weakness in domestic demand in the world's second-largest economy and adding to concerns about deteriorating global economic conditions.

Greece to sell Airbus A340s for $40 mln

Greece will sell four Airbus A340-300 passenger jets that belonged to former state carrier Olympic Airways which is now privatised, as part of divestments to pay down public debt, the finance ministry