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EU gives 'red card' to Cameroon over fishing
The EU on Thursday gave a "red card" to Cameroon for failing to cooperate in the international fight against illegal fishing. The European Commission said in a statement it had identified Cameroon as a "non-cooperating country," earning the "red card" designation, and would ask EU member states to add the country to the bloc's blacklist.
Clothes retailer Next shrugs off UK cost-of-living crisis
Shares in UK clothing retailer Next soared to the top of the London market Thursday after it said colder weather boosted purchases despite a cost-of-living crisis caused by sky-high inflation. Next said it experienced a "dramatic boost" to sales when the weather turned colder in December.
McDonald's leaves Kazakhstan over 'supply restrictions'
Fast food giant McDonald's will close its doors in Kazakhstan due to supply restrictions, the local franchise that operates the US chain in the Central Asian nation said Thursday. "The chain of fast food restaurants operated by Food Solutions will cease its work under the brand of McDonald's in Kazakhstan due to supply restrictions," McDonald's Kazakhstan said on its website.
UK drops contentious plan to privatise TV network
The UK government on Thursday abandoned plans to privatise the public-service broadcaster Channel 4 after standing accused of waging a political vendetta against the edgy television network. But Dorries, and then-prime minister Boris Johnson, were said by critics to have taken personal affront to Channel 4's political broadcasting, which has often been harshly critical of the Conservatives.
Global investors pressure Glencore over coal production
Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday. However, nearly one-quarter of shareholders rejected its 2022 climate plan, and investors have turned up the pressure with the first-ever resolution targeting the company's coal production.
UK's Labour vows 'decade of national renewal'
Britain's opposition Labour party vowed Thursday to overhaul the country after 13 troubled years of Conservative rule -- but insisted it would not spend its way out of trouble. No sense of what the country needs -– 13 years of nothing but sticking-plaster politics," he said.
Asian markets rally on 2023 outlook hopes, oil prices bounce
Asian markets rose Thursday, led by Hong Kong after the city's traders extended an impressive start to the year thanks to optimism over China's reopening and officials there making key policy changes to encourage investment. The upbeat mood has been boosted by signs that China is implementing policy changes to make it a more attractive investment location.
Amazon to cut more than 18,000 jobs, CEO says
Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic. "Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy said.
CES gadget gala looks to shake off economic gloom
The annual CES consumer electronics extravaganza throws open its doors in Las Vegas on Thursday as the industry looks to the latest innovations to help cure the pain from an ailing global economy.
AFP
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