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UK to ban foreign state ownership of British newspapers
UK to ban foreign state ownership of British newspapers
by  AFP

The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. The announcement sparked an uproar in British media circles and the UK government quickly opened a formal probe into the sale on public-interest grounds.

US urges Panama to remove flag from rogue Iranian ships
US urges Panama to remove flag from rogue Iranian ships
by  AFP

A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington. According to Paley, at least six ships flying the Panamanian flag have violated these sanctions since January.

Brazil revs up for jolt of hybrid car investments
Brazil revs up for jolt of hybrid car investments
by  AFP

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy. Toyota, which has bet bigger on hybrids than fully electric cars, announced it would pump $2.2 billion into Brazil until 2030.

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