Europe

EU Slams Meta's 'Privacy for Cash' Model, Says SocMed Platforms Should Provide Free Option Without Targeted Ads

EU privacy watchdog suggested that Meta platforms and other major online platforms should provide users with the choice to use their services for free, without the inclusion of targeted advertising.


UK Supermarkets Misled Shoppers with Origin Labels on Food, Investigation Finds

The investigation conducted by Which? uncovered cases where labels inaccurately portrayed product origins as British, despite containing ingredients sourced from overseas...

Denmark: Iconic 400-Year-Old Copenhagen Stock Exchange Building Collapses in Fire

A fire broke out during renovations at Denmark's historic stock exchange in Copenhagen today, causing the building to erupt into flames...

UK Receives Record-Breaking Public Donations to Pay Off National Debt

The United Kingdom receives voluntary donations towards reducing national debt at the highest level in the last ten years...


Latest News

Statoil's dividend irks major wealth fund
The Norwegian government is reeling under pressure owing to oil price drop. The lower oil price is eroding revenues for the government. The Norwegian government is counting on state's dividends from S
BaFin Shuns Transactions of Maple Bank For Tax Dodging Allegations, NBC Pledges For Repatriation of Dividend Fund Taken
BaFin has imposed an embargo on Sunday shunning all transactions of Maple Bank. The embargo comes followed by investigations by the regulator on the allegation of tax dodging. However, National Bank o
Credit Suisse CEO Suggested Bonus Reduction After Billion Dollar Loss
As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.
Wiper, alternative messaging app for costly movies
Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watc
German Factory Orders Dropped In December More Than Anticipated, Weak Domestic Demand And Slow Overseas Market
Last December, German factory orders dropped worse than what experts had forecasted. There was a weaker growth in the local demand, and the overseas market was not so much helping eventhough there was
UK Green Bank And BlackRock Consortium Acquires GLID Wind Farms For £423 million
The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capa
1MDB Scandal Forces Moody’s To Change Economic Outlook For Malaysia To Stable From Positive
Malysia has been witnessed to rock heavily centering 1MDB scandal. Both Malaysian currency and stock have been nose-dived over the past year and capital outflow taken place more frequently. The existi
UK house prices up 1.7% on lower interest rates
The UK house prices rose for the consecutive second month in January 2016. The UK property market demand is growing in the wake of lower interest rates and encouraging job growth rate. The average cos
Wall Street monitors USD, while oil price drops
Investors are concerned as the US stock index futures turned weaker. The marginal recovery in oil price amid drop in the US dollar puts the Wall Street on cautious note. On the other hand, Asian and E
Beijing Electric Acquires EEW For €1.44 Billion, The Largest Ever Chinese Direct Investment In Germany
BEHL is going to purchase the leading German waste to energy recycler EEW for €1.44 Billion. The deal appears to be the largest ever Chinese direct investment in Germany. Following legal obligation, t
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