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Spain fines 'abusive' budget airlines 179 mn euros
Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for "abusive practices" such as charging passengers for hand luggage. Irish no-frills carrier Ryanair, which was the first to start charging extra for hand luggage in November 2018, was slapped with the biggest fine of 107.8 million euros.
German GDP downgraded in new blow for struggling economy
German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds. The growth data laid bare how far Germany is lagging behind other major economies.
Irish economy faces the test of Trump's protectionism
With a general election next week, Ireland and its 5.4 million inhabitants fear finding themselves in the eye of a protectionist storm promised by incoming US president Donald Trump. - Stewart, from Trinity College Dublin Business School, described the looming Trump presidency as "a matter of concern" but said "not to panic at this stage".
'Primitive' beers draw crowds at Belgian brewery
Winding between copper vats and oak barrels, a cluster of early-morning visitors filed through a cavernous Brussels building for an up-close peek at craft beers brewed using a centuries-old method -- before sampling the result.
Most Asian markets track Wall St gains, bitcoin closes on $100,000
Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. Bitcoin, meanwhile, continued its heady run higher and broke $99,000 for the first time.
'Moment of truth' for world-first plastic pollution treaty
Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next week to agree on the world's first treaty aimed at ending the problem. "Everyone wants an end to plastic pollution," she said.
Japan government to approve $140bn stimulus
Japan's minority government was expected Friday to approve a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years. The package comes a year after Ishiba's predecessor Fumio Kishida, who resigned earlier this year, announced a stimulus package worth 17 trillion yen ($113 billion at the time).
Top US securities regulator to exit, clearing way for Trump pick
The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office. Gary Gensler, chair of the Securities and Exchange Commission (SEC), said he will resign on January 20, the same day Trump assumes the presidency.
Indian PM Modi highlights interest in Guyana's oil
Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world's highest per capita crude reserves. Guyana, which sits on the northeast coast of South America and borders Venezuela, produces just over 600,000 barrels per day of crude oil but aims to double this by 2030.
AFP
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