Euro Disney H1 loss up at $91m
Paris: French theme park operator Euro Disney posted an unexpectedly wide first-half loss on Tuesday, dragging its shares lower, after higher costs and slower tourism coincided with the opening of its second park.The European outpost of Walt Disney said in a statement its net loss in the six months to end-March totalled 82.7m euros ($90.8m), wider than a 77m euro loss last year when it was hit by one-off charges linked to the launch of the new Walt Disney Studios park.
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EU concedes ground on services sector
New Delhi: In a welcome move, European Union on Tuesday climbed down on its stance on services negotiations proposing a minimum binding on movement of professionals but not fixing a ceiling which is expected to benefit countries like India. The EU offer on services submitted to WTO proposes to fix a minimum binding on the number of persons in various sectors but falls short of fixing an exact number which is open to negotiations bilaterally.
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