AFP - An open skies pact set to take effect between the United States and the European Union this weekend may offer few immediate benefits for travel in view of the turmoil in the US economy and airline industry, analysts say.

European stocks jump on improved Bear Stearns bid (AFP)

AFP - European shares soared by more than three percent on Tuesday as dealers played catch-up with Wall Street, boosted by a higher bid for US investment bank Bear Stearns and a strong showing in Asia.

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