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French retailer Leroy Merlin says to quit Russia
French DIY retailer Leroy Merlin said Friday it would exit Russia, ending an 18-year presence that came under intense scrutiny after President Vladimir Putin's army invaded Ukraine last year. Ukrainian President Volodymyr Zelensky called out Auchan and Leroy Merlin in a speech in Paris last year, saying they "must stop sponsoring the Russian war machine".
Microsoft's Activision bid gets a boost in UK
Microsoft's $69-billion takeover bid for US video game giant Activision Blizzard scored a victory on Friday as Britain's competition regulator narrowed the scope of its probe to cloud gaming.
EU leaders insist eurozone banking sector stable
EU leaders and the head of the European Central Bank scrambled on Friday to reassure the markets that the eurozone banking sector is resilient and able to withstand shocks, after European bank shares plunged. Macron echoed these assurances: "European banks' fundamentals are solid.
Chad nationalises former ExxonMobil firm after disputed sale
Chad has announced it has nationalised a former subsidiary of US oil and gas giant ExxonMobil, whose sale to a British company last year it had contested. Chad had immediately contested the sale, saying it had gone ahead despite the government's "express objections" and in violation of its right of first refusal.
UK and EU approve new N.Ireland Brexit trade pact
The UK and European Union on Friday formally adopted a post-Brexit deal to overhaul Northern Irish trade rules, prompting Brussels' pointman on the thorny issue to proclaim "the opening of a new chapter" in ties.
Biden discusses trade, migration challenges in Canada
US President Joe Biden was set to meet Friday with Prime Minister Justin Trudeau and addressing Canada's parliament, amid reports that a deal has been struck on managing undocumented migration across the neighbors' long border.
China says does not ask firms for foreign data as TikTok row grows
China insisted Friday it does not ask companies to hand over data gathered overseas, as the Chinese-owned TikTok faces mounting calls for a ban in the United States. Beijing on Friday denied it would ask Chinese firms to hand over data gathered overseas and claimed it "attaches great importance to protecting data privacy".
South Korea to seek extradition of crypto fugitive Do Kwon
South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. In South Korea, where Kwon is wanted for violations of the country's capital markets act, authorities confirmed Friday that they would seek his extradition.
Asian markets reverse after recent gains as bank fears linger
Asian markets dipped Friday after a broadly healthy week, as lingering concerns about the banking sector played against hopes central banks could be nearing the end of their interest rate hiking cycle. The increase came as central banks in the United Kingdom, Switzerland and Norway also raised rates, with the European Central Bank having done so last week.
AFP
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