AFP
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EU plans to slash red tape for medium-sized companies
The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States. The EU also wants to establish common labelling so companies can sell the same product in EU states without the need for different labels.
Canal+ buyout of S.Africa's MultiChoice one step closer
South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent. It will also maintain the MultiChoice headquarters in South Africa.
Cyberattack costs UK retailer Marks & Spencer £300 mn
British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack disrupting its online service is set to last through to July and hit group profit by around £300 million ($404 million). The impact on annual group operating profit is estimated at around £300 million, "which will be reduced through management of costs, insurance and other trading actions", the retailer added.
UK inflation hits 15-month high as utility bills soar
Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday. He noted that "water and sewerage bills also rose strongly... as did vehicle excise duty, which all pushed the headline rate up to its highest level since the beginning of last year".
Oil prices jump on report of Israel prepping Iran strike
Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.
High-flying young electricians wire UK energy switch
Perched 45 metres (148 feet) high, young apprentice electricians replace a connection atop a pylon. "We're taking on more apprentices than we ever have.
Germany's infrastructure push needs more than money
As construction crews using heavy excavators demolished a major highway bridge in Berlin, pensioner Guido, like many Germans, greeted the dusty spectacle with grim satisfaction. Along German motorways and major roads, one third of bridges need to be reconstructed entirely, said the Brussels-based group.
China slams US 'bullying' over new chip warnings
Beijing condemned on Wednesday new US warnings on the use of AI chips made in China, vowing it would take steps against "bullying" efforts to restrict access to high-tech semiconductors and supply chains.
Canadian host of G7 finance talks 'optimistic' despite trade turmoil
Canada's Finance Minister Francois-Philippe Champagne expressed cautious optimism Tuesday at the start of a G7 finance leaders' gathering in his country, even as the advanced economies grapple with fallout from trade turbulence.
AFP
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