By Foo Yun Chee BRUSSELS (Reuters) – Amazon is challenging its inclusion in a group of companies subject to tough European Union online content rules, in a move that may prompt other tech giants to follow suit. The challenge at the Luxembourg-based General Court, Europe’s second highest, is the first by a Big Tech company…
VILNIUS (Reuters) – NATO leaders have reached agreement over how to define their future relationship with Ukraine, including its membership bid, four diplomats said on Tuesday. One of the diplomats said the final wording on the declaration regarding Ukraine’s future membership read that NATO “will be in a position to extend an invitation to join…
LONDON (Reuters) – Deutsche Bank said on Tuesday it now expects the Bank of England to raise interest rates by half a percentage point at its August meeting. Data released earlier in the day showed a key measure of British wages rose at the joint fastest pace on record. “For now, evidence of still more…
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) – Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by human rights activists that the measure would be ineffective. The Association of Critical Shareholders (DKA), which represents small investors on environmental,…
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse – shared virtual worlds accessible through the internet – and to prevent Big Tech dominating a nascent sphere that could boost economic growth. The EU initiative comes as Facebook…
By Dan Peleschuk KYIV (Reuters) – Vivid helmet camera videos filmed by Ukrainian soldiers at the front line can give viewers a visceral feel of combat as Kyiv’s counteroffensive finally unfolds, even though experts warn against drawing strong conclusions about how the war is going. Ukrainian officials have been tight-lipped about the long-awaited operation since…
(This July 9 story has been corrected to remove the ‘Make UK’ reference and to show that the survey was published only by BDO in paragraph 2) LONDON (Reuters) – British companies were the most upbeat about their trading prospects in 10 months in June and their hiring plans increased again but rising interest rates…
SEOUL (Reuters) – North Korea on Tuesday condemned U.S. President Joe Biden’s decision to send cluster munitions to Ukraine as a “criminal act” and demanded an immediate withdrawal of the plan. The fact that Biden had admitted it was a difficult decision showed he was aware of the disastrous consequences of the use of cluster…
PARIS (Reuters) – Companies in most countries have enough profit to be able to absorb an increase in wages needed for staff to cope with high inflation, the Organisation for Economic Cooperation and Development said on Tuesday. Although labour markets are tight, employers have not raised wages in pace with inflation in 31 out of…
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the world’s largest gallium buyer. Freiberger Compound Materials relies almost entirely on Chinese suppliers for its gallium needs to make wafers that go into mobile phone radio signal amplifiers…
