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Dutch brewer Heineken says completed exit from Russia
Dutch brewer Heineken on Friday announced it was pulling out of Russia after selling its operations to the Arnest Group, the largest Russian manufacturer of cosmetics, household goods and metal packaging. It added that the Arnest Group had provided employment guarantees for the next three years for the 1,800 Heineken employees in Russia.
China's Huawei renews patent licensing deal with Ericsson
Chinese telecoms giant Huawei said Friday it had renewed a licensing agreement with Ericsson to use each other's technologies, in a rebuff to US warnings about the risk of espionage by Beijing. Despite those tensions, Huawei and Ericsson -- based in Stockholm -- have signed a "long-term" global agreement to licence each other's patents, the Chinese company said in a statement Friday.
Germany's booze-free beer boom
All the fun of the Oktoberfest, without the hangover: Germans are swapping traditional beer for non-alcoholic brews, driven by health concerns and the increasing quality of booze-free options. This is partly down to improved brewing techniques that have led to an increase in quality -- something that had previously held non-alcoholic beer back from breaking into the mass market.
China-based 'Flax Typhoon' hackers targeting Taiwan govt: Microsoft
A China-based hacking group named "Flax Typhoon" has targeted dozens of Taiwanese government agencies with the likely aim of spying on them, Microsoft has revealed. Microsoft said Thursday that Flax Typhoon, "a nation-state actor based out of China", has since mid-2021 mainly "targeted government agencies and education, critical manufacturing, and information technology organizations in Taiwan".
Asian investors resume selloff on rate fears as Powell speech looms
Asian markets sank Friday as a mini rally came to a juddering halt ahead of a keenly awaited speech by Federal Reserve boss Jerome Powell later in the day, with traders increasingly worried the bank will hike interest rates further. Analysts said Powell must tread a fine line in his Friday speech at the annual symposium of central bankers and business leaders in Jackson Hole, Wyoming.
Central bankers head to Wyoming retreat seeking clarity on US interest rates
Central bankers and academics from around the world have descended upon the town of Jackson, Wyoming searching for clues on the US Federal Reserve's interest rate policy. European Central Bank President Christine Lagarde will address the symposium on Friday afternoon, while senior central bankers from the United Kingdom and Japan will take part in a panel discussion on Saturday.
Possible US auto strike as unions flex muscle in 'Hot Labor Summer'
With the clock ticking down to a possible strike, Detroit carmakers are staring at tough contract negotiations with an emboldened auto workers union led by a fiery new president. Shawn Fain, who was sworn in as president of the United Auto Workers five months ago, is laying the foundation to potentially strike if there is no agreement by September 14.
Meta's Twitter rival Threads launches web version
Threads, Meta's challenger to depose Twitter as the go-to platform for celebrities, companies and governments, is now available on the web as it seeks to revive its underwhelming launch. X, owned by Elon Musk, still dominates as the platform for comment and news, but the chaos endured at the platform since the Tesla owner took over has eroded its success and sent users seeking alternatives.
Canada probes allegations Walmart, Hugo Boss, Diesel used Uyghur forced labor
Canada's corporate watchdog on Thursday launched investigations of Walmart, Hugo Boss and jeans maker Diesel over allegations they used forced labor from China's Uyghur minority. A coalition of 28 civil society organizations last year filed complaints with the watchdog alleging Walmart, Hugo Boss and Diesel use Chinese suppliers with factories that have been linked to Uyghur forced labor.
AFP
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