BERLIN – Google’s YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s top court …
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MADRID -Spain’s jobless number dropped below 3 million in May for the first time since early in the 2008/09 global financial crisis, as the economy’s recovery from the impact of …
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Financial News
Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes – Reuters poll
by Reutersby ReutersBy Fergal Smith TORONTO – The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues …
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Factbox-Sri Lanka is running out of time to secure an IMF bailout
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO – Sri Lanka is seeking help from the International Monetary Fund (IMF) for its 17th program in seven decades, needing a bailout in place before its …
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Russia’s national depository to replace Citi as Eurobond servicing agent
by Reutersby Reuters(Reuters) -Russia is replacing Citibank, which has stopping servicing the country’s Eurobonds, with its own National Settlement Depository, the finance ministry said on Thursday, as it risks its first major …
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India weighs panel to rule on appeals against social media takedowns
by Reutersby ReutersBy Munsif Vengattil NEW DELHI – India is considering whether to set up an appeals panel with the power to reverse the content moderation decisions of social media firms, the …
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By Makiko Yamazaki and Scott Murdoch TOKYO -Toshiba Corp, the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as …
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By Brenda Goh SHANGHAI -Amazon.com said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore there next year, in the …
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Financial News
Glencore to reject offer for Yancoal Australia stake as too low – sources
by Reutersby ReutersBy Praveen Menon and Clara Denina SYDNEY/LONDON -Glencore is likely to reject a $3.60 per share Chinese offer for its minority stake in coal producer Yancoal Australia Ltd as too …
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China to take necessary measures to protect domestic firms from U.S. blacklist – Commerce Ministry
by Reutersby ReutersBEIJING – China’s commerce ministry said on Thursday it will adopt necessary measures to protect the legitimate interests of Chinese companies after the U.S. said it was considering adding new …
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Financial News
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up
by Reutersby ReutersBUDAPEST -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to tighten interest rate policy aiming …
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ATHENS – As Greek restaurateurs gear up for the summer season, they are keeping a wary eye on the potentially damaging impact of inflation – amply illustrated by the soaring …
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By John Revill ZURICH -Swiss prices increased in May by their highest level in nearly 14 years, the government said on Thursday, as Switzerland became the latest country to be …
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Financial News
Foreigners pull out of Asian equities for fifth straight month in May
by Reutersby ReutersBy Gaurav Dogra (Reuters) – Asian equities continued to witness foreign outflows for a fifth consecutive month in May, hit by concerns over monetary tightening measures by major central banks …
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PARIS – French construction material group Saint-Gobain, which has faced pressure from investors to increase its profitability, on Thursday confirmed it is aiming for growth in operating income in 2022. …
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Financial News
Tight Asia capacity limits room for new LNG ships – Korea Shipbuilding exec
by Reutersby ReutersBy Joyce Lee and Florence Tan SEOUL -Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for …
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Financial News
China’s Ant names Hong Kong bourse boss as independent director in board reshuffle
by Reutersby ReutersBEIJING – Ant Group, the Chinese fintech giant controlled by billionaire Jack Ma, has appointed Hong Kong Exchanges and Clearing chairman Laura Cha as an independent director in a recent …
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Financial News
Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official
by Reutersby ReutersBy Leika Kihara TOKYO -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period of deflation, Bank of Japan …
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Financial News
Germany picks Boeing’s Chinook helicopters to replace Sikorsky fleet
by Reutersby Reuters(This June 1 story corrects to read ‘CH-53’ (not ‘CH-53K’) in paragraph 1) BERLIN – Germany will buy 60 Chinook heavy-lift helicopters from Boeing to replace its ageing CH-53 fleet, …
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China’s Geely launches first nine low-orbit satellites for autonomous cars
by Reutersby ReutersSHANGHAI – China’s Zhejiang Geely Holding Group conducted its first successful satellite launch on Wednesday, sending nine into low earth orbit as it builds out a satellite network to provide …
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ZURICH – Julius Baer is selling Geneva-based wealth manager Fransad Gestion to its management team, the Swiss private bank and asset manager said https://www.juliusbaer.com/en/media-investors/news/julius-baer-group-sells-fransad-gestion-sa-in-a-management-buyout on Thursday, giving no financial details. …
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Financial News
Asia FX bears retreat slightly, China concerns persist – Reuters poll
by Reutersby ReutersBy Harish Sridharan (Reuters) – Bearish bets on Asian currencies reduced on signs that China’s economic pain may abate with easing of COVID-19 curbs, but analysts were still wary of …
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Financial News
Indonesia’s inflation inches up in May, stays within central bank target
by Reutersby ReutersBy Stefanno Sulaiman and Gayatri Suroyo JAKARTA – Indonesia’s inflation rate accelerated slightly in May due to rising food prices and airfares, official data showed on Thursday, roughly in line …
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Financial News
RBI to go fast with rate hikes this year, slow the next- Reuters Poll
by Reutersby ReutersBy Arsh Tushar Mogre and Prerana Bhat BENGALURU – The Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle, according …
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By Francesco Zecchini and Gavin Jones CARTIGLIANO, Italy -Businesses in the sleepy Italian town of Cartigliano are so worried about its declining birth rate and lack of workers that they …