Apr 25, 2024 Last Updated 11:19 AM EDT

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Europe

Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann

German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.

TikTok Voluntarily Suspends New App's Task and Reward Program After EU Regulators Express Concern Over Addictive Effects Among Young Users

TikTok plans to take down a feature that incentivizes app users in France and Spain to watch videos, following regulatory scrutiny from the European Commission...

Top BBC News Anchor Resigns on Medical Advice 9 Months After Scandal Involving Sexually Explicit Photos with Teenager

Huw Edwards had been the BBC's leading presenter throughout major events such as Queen Elizabeth II's death and funeral, but was suspended in July 2023 after charges surfaced...

Russia's Surprising Economic Strength to Last Another 18 Months Despite Western Sanctions and Ukraine War, Think Tank Says

A Washington DC-based think tank said Russia will maintain its economic strength for another 18 months despite facing various challenges amid its war with Ukraine...

Russia Reportedly Jammed GPS of Over 46,000 Aircraft, Disrupting Flights to and From Europe

Suspected Russian jamming of GPS systems has disrupted thousands of fl...

Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, G...

Latest News

BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences
Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. Bo
EU Privacy Regulators Request Changes in EU-US Data Transfer Agreement
WP29 on Wednesday was calling for changes in the commercial data transfer agreement between US and EU. The agency said it does not provide enough protection for privacy for European users.
London and European Stock Market Rallied Following Surge of China's Export
London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
Israel Antitrust Authority Opposed Acquisition of Golan Telecom
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making fina
IMF Warns of New Financial Crisis and Economic Instability, Calling Immediate Action
The IMF calls banks, policy makers, and other key players in both advanced and emerging markets to address economic problems immediately. IMF warned that current issues and uncertainty could lead to a
EU Privacy Authorities Assessing The Privacy Shield Likely to Ask For Another Review to be Conducted in 2018
European privacy watchdogs is now assessing the Privacy Shield framework that would regulate the EU-U.S. relations in privacy protection. It’s likely that the EU watchdogs will ask for another review
EU Resumed Investigation on Halliburton and Baker Hughes Deal
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU
Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the E
StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India
StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 bill
Accel Announced New $500 Million Fund Targeting European and Israeli Startups
Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.

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Tesla Shareholder Asks Judge to Prevent Elon Musk From Moving Pay Fight to Texas to Evade Delaware Ruling

Tesla Shareholder Asks Judge to Prevent Elon Musk From Moving Pay Fight to Texas to Evade Delaware Ruling

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Canada's Justin Trudeau Dismisses Doctors' Plea to Reconsider Capital Gains Tax Increase

Canada's Justin Trudeau Dismisses Doctors' Plea to Reconsider Capital Gains Tax Increase

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Biden Administration Announces New Federal Rules: Airlines Required to Automatically Give Refunds for Delayed, Canceled Flights

Biden Administration Announces New Federal Rules: Airlines Required to Automatically Give Refunds for Delayed, Canceled Flights

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SSI Payment for May 2024: Supplemental Security Income Recipients to See Double Amount in Payout

SSI Payment for May 2024: Supplemental Security Income Recipients to See Double Amount in Payout

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US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
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