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Google loses appeal against record EU antitrust fine
The European Union's second-highest court on Wednesday overwhelmingly upheld the EU's record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons. Both sides can turn to the EU's highest court, the European Court of Justice, for a final say on the fine, which was the equivalent of $5 billion when levied.
DR Congo fishermen pin hopes on tourism as stocks dwindle
Fishermen perch precariously on wooden scaffolds stretching over turbulent rapids in northeastern Democratic Republic Congo, hauling up wicker baskets in the hope of catching tilapia or a Nile perch -– a time-honoured practice now threatened by overfishing. Baskets are then dropped from the scaffolding into the roaring currents to trap fish.
Foxconn strikes $19.4 bn deal to make chips in India
Taiwanese electronics giant Foxconn will invest $19.4 billion to make semiconductors in India with local conglomerate Vedanta, backed by New Delhi's push to boost tech self-reliance after a global chip shortage.
Taiwan says beauty queen barred from waving flag in Malaysia
Taipei accused China on Wednesday of pressuring organisers of a Malaysian trade event into barring a Taiwanese beauty queen waving the island's flag on stage.
Roadside bomb claimed by Pakistan Taliban kills eight in northwest
A bomb killed the former head of a pro-government militia and seven others in northwestern Pakistan, officials said Wednesday, in an attack claimed by the local Taliban. The attack was claimed by the outlawed Tehreek–e-Taliban Pakistan (TTP), who said Khan was involved in the killing their members.
Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny
Club Med owner Fosun, one of China's largest private-sector conglomerates, saw billions wiped off its value on Wednesday as jittery investors reacted to a media report that the group was under regulatory scrutiny. A prolific buyer of global assets, Fosun owns French brand Club Med and has a controlling stake in the fashion house Lanvin.
Google, Meta face record fines in South Korea over privacy violations
South Korea has fined Google and Meta more than $71 million collectively for gathering users' personal information without consent for tailored ads, regulators said Wednesday, the country's highest-ever data protection fines. Regulators said the majority of the users in South Korea -- 82 percent for Google and 98 percent for Meta -- had unknowingly allowed them to collect data on their online use.
Japan central bank conducts 'rate check' as yen sinks: reports
Japan's central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. The financial daily Nikkei and other local media said the Bank of Japan (BoJ) carried out a "rate check".
Gripes over electric car tax credit as Biden visits Detroit show
Fresh off of recent legislative triumphs aimed at supporting US manufacturing, President Joe Biden is set for an upbeat appearance Wednesday at the first Detroit Auto Show since the pandemic. Biden's appearance Wednesday at the Detroit Auto Show lends some shine to the revived event following a three-year pandemic hiatus.
AFP
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