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US sanctions hit Serbia's oil firm
US sanctions on Serbia's majority-Russian-owned NIS oil company, which operates the country's sole refinery, took effect on Thursday after months of delay. Its parent company, Gazprom, transferred its 11-percent stake last month to Intelligence, a Saint Petersburg-based firm also linked to the Russian energy giant.
OMG! German influencers face tax dodging crackdown
They could soon be unboxing fines rather than freebies -- Germany's online influencers are facing a tax evasion crackdown that has left them screaming OMG! It is these cases of intentional evasion that North Rhine-Westphalia is targeting.
Merz to host German auto sector crisis meeting
Chancellor Friedrich Merz will Thursday host crisis talks with German auto industry leaders in a bid to navigate myriad challenges, from a looming EU combustion-engine ban to growing Chinese competition.
US facing worsening flight delays as shutdown snarls airports
Concerns over flight delays and missed paychecks due to the US government shutdown escalated Wednesday, as senators rejected yet another bid to end the standoff.
World economy not doing as badly as feared, IMF chief says
The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday. Against this backdrop, the Fund still expects global growth to remain at roughly three percent over the medium term, in line with previous forecasts -- below the 3.7 percent, on average, seen before the Covid-19 pandemic.
Veggie 'burgers' face the chop as EU lawmakers back labeling ban
Plant-based "steaks" and "veggie burgers" may be on the way out in the European Union after the bloc's parliament voted Wednesday to restrict such labels to meat only, in a win for disgruntled farmers. It is not the first time veggie burgers have found themselves in the crosshairs of European lawmakers, with a similar proposal for a ban rejected in 2020.
Germany raises growth forecasts, but warns reforms needed
Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery. In its latest forecasts, the economy ministry said it did not expect a third year of recession in 2025, although the economy would only grow 0.2 percent.
EU wants key sectors to use made-in-Europe AI
The EU on Wednesday told European businesses in critical sectors to ramp up their uptake of artificial intelligence and pushed for the bloc to cut its dependence on foreign AI providers.
In Simandou mountains, Guinea prepares to cash in on iron ore
At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and excavators are digging up the hills. "When you look at the Simandou railway's route, it passes very far from all of Guinea's major cities," he said.
AFP
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