Business and Economy

Business and Economy Latest News

Meta hit with record 1.2-billion-euro fine over EU data rules
Meta hit with record 1.2-billion-euro fine over EU data rules
by  AFP

Facebook owner Meta has been fined a record 1.2 billion euros ($1.3 billion) for transferring EU user data to the United States in breach of a previous court ruling, Ireland's regulator announced Monday. EU regulators have already hit Meta with fines of hundreds of millions of euros over data breaches by its Instagram, WhatsApp and Facebook services.

EU's next food fight: regulating gene-edited crops
EU's next food fight: regulating gene-edited crops
by  AFP

Extreme weather caused by climate change has damaged food production across Europe. In April, French Agriculture Minister Marc Fesneau expressed his concerns over what he called Europe's "delay", arguing there should be a push to allow biotechnology that gives Europe the tools to deal with climate change by producing more resistant seeds.

Ryanair flies back into annual profit of 1.4 bn euros
Ryanair flies back into annual profit of 1.4 bn euros
by  AFP

Irish no-frills airline Ryanair rebounded back into bumper annual net profits, boosted by a "strong" post-Covid recovery despite spiking costs, it announced Monday. EasyJet, which logged three annual losses in a row due to the pandemic, has predicted a rebound to annual profit as holidaymakers shrug off Britain's cost-of-living crisis.

Energy

Money

Industry

Technology

Economy