Business and Economy

Business and Economy Latest News

European telecom firms urge EU to make big tech pay
European telecom firms urge EU to make big tech pay
by  AFP

The heads of European telecoms firms, including Orange and Vodafone, on Monday urged the EU to make tech and streaming giants pay for the massive amounts of bandwidth they use. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear making web giants pay would create a two-speed internet.

Birkenstock aims to raise up to $1.58 bn in IPO
Birkenstock aims to raise up to $1.58 bn in IPO
by  AFP

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".

Energy

Money

Industry

Technology

Economy