Category Archives: Economy
Norway’s Telenor sells Myanmar operations to M1 Group
BANGKOK (AP) — The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations in the country to the M1 Group, a Lebanese-based investment firm, for $105 million.
Lawmakers press EU over Hungary, Poland rights concerns
BRUSSELS (AP) — European Union lawmakers ratcheted up pressure on the EU's executive arm Thursday to take action against Hungary and Poland over concerns about democratic backsliding in the two countries that could restrict their access to EU funds.
EU fines German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
German Green contender acknowledges mistake in book flap
BERLIN (AP) — The Green party candidate to succeed German Chancellor Angela Merkel has acknowledged making a mistake in a flap over allegations that she copied from others in a new book, saying that it would have been better to
Stocks pull back from record highs as bond yields sink again
BEIJING — Stocks closed lower Thursday on Wall Street as bond yields fell again and investors turned cautious following the market's recent run of record highs.
Japan bans fans at Tokyo-area Olympics venues due to virus
TOKYO (AP) — Fans will be banned from Tokyo-area stadiums and arenas when the Olympics begin in two weeks, the city’s governor said Thursday after meeting with organizers of the pandemic-postponed games.
Avenatti sentenced to 2 1/2 years in prison for extortion
NEW YORK (AP) — A tearful, repentant Michael Avenatti, the brash lawyer who once represented Stormy Daniels in lawsuits against President Donald Trump, was sentenced Thursday to 2 1/2 years in prison for trying to extort up to $25 million
Latest hack to test Biden’s vow for consequences for Russia
WASHINGTON (AP) — President Joe Biden said he would “deliver” a message to Russian President Vladimir Putin about the latest ransomware attacks targeting American businesses, setting up a test of Biden's ability to balance his pledge to respond firmly ...
Japan to declare virus emergency lasting through Olympics
TOKYO (AP) — Japan is set to place Tokyo under a state of emergency that would last through the Olympics, fearing an ongoing COVID-19 surge will multiply during the Games.
US raises concerns on Mexico’s nationalistic energy policy
MEXICO CITY (AP) — The U.S. trade representative said Wednesday that she has raised the concerns about Mexico’s energy policies that favor state-owned Mexican companies.
