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McKinsey to pay $650 mn to settle US criminal case on opioids
Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges that it collaborated with Purdue Pharma to intentionally misbrand opioids, worsening a public health crisis, officials announced Friday.
Staff at UK luxury store Harrods vote to strike
Hundreds of staff at London's luxury department store Harrods will walk out just days before Christmas, a union said Friday, in a row over pay and working conditions.
UK, Italy, Japan to develop next-generation fighter jet
The UK, Italy and Japan on Friday launched a joint venture to develop a supersonic next-generation fighter jet by 2035, replacing the Eurofighter Typhoon.
Moldova declares emergency ahead of expected Russia gas cuts
Moldova's parliament approved Friday a 60-day state of emergency as an expected cut of Russian gas to the power station that supplies a majority of its electricity could trigger blackouts. That will cut supplies to Transnistria and its Cuciurgan power plant, which provides 70 percent of Moldova's electricity.
German central bank cuts growth forecasts as headwinds intensify
Germany's central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe's biggest economy as it battles multiple headwinds. For 2026 it forecast growth of 0.8 percent, down from a 1.4 expansion expected previously.
UK's Royal Mail hit with fine by regulator over delivery delays
UK postal operator Royal Mail has been fined £10.5 million ($13.3 million) for delays in delivering mail for the 2023/2024 financial year, Britain's communications regulator Ofcom said Friday. Britain's communications regulator has previously proposed that Royal Mail cut delivery to five days a week, or even just three days, potentially saving the company hundreds of millions of pounds.
UK economy unexpectedly shrinks again in October
Britain's economy shrank for the second consecutive month in October, official data showed Friday, dealing a blow to the Labour government that has made economic growth a priority. Analysts have attributed part of the decline to uncertainty after the Labour government warned of "tough" measures in its budget at the end of October.
Asian markets retreat as China pledges fail to spark excitement
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.
Google renews push into mixed reality headgear
Google is ramping up its push into smart glasses and augmented reality headgear, taking on rivals Apple and Meta with help from its sophisticated Gemini artificial intelligence. The market has evolved since then, with Meta investing heavily in a Quest virtual reality headgear line priced for mainstream adoption and Apple hitting the market with pricey Vision Pro "spacial reality" gear.
AFP
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