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UK transport minister quits in new blow to PM Starmer
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Big tech says Australia “rushed” social media ban for youths under 16
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Australia’s Domain Holdings to defend REA’s copyright infringement claims
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Tennis-Swiatek accepts one-month suspension after failing doping test, says ITIA
Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner
Date: November 29, 2024
LUANDA (Reuters) – A subsidiary of the sovereign wealth fund of Oman is replacing Russian sanctions-hit Alrosa in Angola’s state-controlled diamond miner Catoca, an Angolan official said on Thursday. Angola has been under pressure to cease its long-standing partnership with Russian state-controlled Alrosa, the world’s largest producer of rough diamonds by volume, since 2022 when...
EU closes investigations into Amazon, Starbucks and Fiat tax rulings
Date: November 28, 2024
BRUSSELS (Reuters) – The European Commission on Thursday said it had closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat and Starbucks. In 2015 and 2017, the Commission found that Luxembourg granted selective tax advantages to Fiat and Amazon, and the Netherlands to Starbucks, in breach of EU...
UK net migration hit record of more than 900,000 in 2023
Date: November 28, 2024
By Muvija M LONDON (Reuters) -Net migration to Britain hit a record of more than 900,000 in 2023, much higher than original estimates, although tougher visa rules have started to reduce the number of arrivals, official data showed. Immigration is a big political issue in Britain, where voters worry that already stretched public services cannot...
European shares climb on tech boost; inflation data in focus
Date: November 28, 2024
By Joao Manuel Vicente Mauricio and Ankika Biswas (Reuters) -Tech stocks led the rebound in European shares on Thursday, following a two-day drop driven by concerns over potential U.S. tariffs and France’s economic and political instability, with inflation reports in focus for insights into the rate-cut path. The pan-European STOXX 600 index was up 0.6%...
German court approves windfall profit skimming for 2022 energy crisis
Date: November 28, 2024
KARLSRUHE, Germany (Reuters) – Germany’s constitutional court on Thursday ruled in favour of a government policy that required renewable energy producers to surrender excess revenues to help offset surging electricity costs during the 2022/2023 energy crisis. The case, brought by 22 operators of renewable energy plants, challenged provisions in Germany’s Electricity Price Cap Act that...
Russia’s plane shortage holds air travel back as wartime wages drive demand
Date: November 28, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – As Russia’s war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying Western sanctions by heading to domestic holiday spots or “friendly” countries where they are still welcome. However, just as soaring government spending on the war...