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Danske Bank sets aside nearly 2 bn euros for expected fines
Danske Bank sets aside nearly 2 bn euros for expected fines
by  AFP

Danske Bank, which is under investigation by Danish and US authorities, said Thursday it had set aside an additional 14 billion kroner (1.9 billion euros) to cover expected fines related to massive suspected money laundering via its Estonian branch.

Israel, Lebanon expected to sign 'historic' maritime border deal
Israel, Lebanon expected to sign 'historic' maritime border deal
by  AFP

Lebanon and Israel were Thursday expected to sign a US-brokered maritime border deal that would pave the way for lucrative offshore gas extraction by the neighbours which remain technically at war. The maritime border deal could not be signed by Lebanon without the consent of Hezbollah, a powerful Shiite faction backed by Israel's arch nemesis Iran.

Huawei revenue down 2.2% in first three quarters of 2022
Huawei revenue down 2.2% in first three quarters of 2022
by  AFP

Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as Covid-19 and US sanctions dragged down sales. The 2.2 percent fall in revenue in the first three quarters is significantly lower than the 32 percent revenue plunge it logged in the same period last year, showing slowing decline.

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