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20199 articles published since 08 Mar 2022

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UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro
UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro
Economy

Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC after the German group received a takeover offer worth nearly 12 billion euros ($12.8 billion). It said the "starting point" for talks was a "possible offer price" of 62 euros per share from ADNOC. This would value Covestro at 11.72 billion euros, according to an AFP calculation.

EU says Apple's App Store breaches bloc's digital rules
EU says Apple's App Store breaches bloc's digital rules
Technology

Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker's App Store to be violating the bloc's landmark digital competition rules. The European Commission informed Apple in a "preliminary view" that the "App Store rules... prevent app developers from freely steering consumers to alternative channels for offers and content".

Asian markets track weak US lead, eyes on yen
Asian markets track weak US lead, eyes on yen
Economy

Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking weighed on the tech sector. A surge in the tech sector has helped push markets to record or multi-year highs but concerns that the buying has gone too far have set in and profit-taking has weighed on equities in recent weeks.

Flights cancelled at UK's Manchester airport after power cut
Flights cancelled at UK's Manchester airport after power cut
Economy

Flights at the UK's third-busiest airport were being delayed or cancelled Sunday after a major power cut, the airport operator said. The Manchester Airports Group, which also operates London Stansted and the East Midlands airports, said Manchester Airport had been "affected by a major power cut in the area earlier this morning."

Who profits from the soaring price of cocoa?
Who profits from the soaring price of cocoa?
Economy

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure. There, farmers have been allowed to sell their beans to buyers willing to approach the prices paid on the financial markets.

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