BERLIN - GERMAN high-end women's clothes label Escada said on Monday it would declare bankruptcy this week if a last-ditch debt restructuring deal with creditors is not approved.
MOSCOW - THE Russian economy risks hitting 'a dead end' unless it sees rapid reform, President Dmitry Medvedev said on Monday, in his most damning assessment yet of the country's economic prospects.
NEW YORK - US STOCKS traded lower on Monday on profit taking after four successive winning weeks and ahead of a meeting of Federal Reserve policymakers who could offer clues on the timing of any interest rate hike.
LONDON - BRITISH airports operator BAA said on Monday that European and long-haul traffic returned to growth in July, while London's Heathrow recorded its third-busiest month on record.
