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Obesity drugs give Danish economy a major boost
Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk have turned it into Europe's most valuable company, giving Denmark's economy a major makeover.
EU tells Turkey to 'address democracy' before membership
The European Union's enlargement commissioner told Turkey on Wednesday to address issues around democracy and the rule of law if it wants to boost its drive to join the bloc. "For this to remobilise, there are very clear criteria to set out … (that include) democracy and the rule of law," he said.
Norway court rejects Meta bid to defer ban
A Norway court on Wednesday rejected US tech giant Meta's request to defer a ban on behavioural marketing based on users' personal information, which has landed it a heavy fine in the country. On August 1, the social media giant said it would ask users in the European Union, Norway, Iceland, Liechtenstein and Switzerland to give their consent before allowing targeted advertising on its networks.
Music firm Universal announces streaming overhaul
The world's biggest music publisher Universal, whose catalogue includes artists from Taylor Swift to the Beatles, announced a deal on Wednesday it says will shake up the way artists are rewarded for streaming.
Britain and France look to reset ties with state visit
British head of state King Charles III's upcoming visit to France will underscore historic close relations between the two countries, London and Paris said on Wednesday.
Taiwan chip giant TSMC says Arizona plant making 'fast progress'
Taiwan chip giant TSMC's planned factory in the United States was making "fast progress", the company's chairman said Wednesday, despite it facing a delayed start due to worker shortages and reported union disputes.
Russia to step up support for sagging ruble
Russia's central bank announced Wednesday it plans to sharply step up support for the ruble, which has weakened considerably after 18 months of Western sanctions following Moscow's military intervention in Ukraine.
UK air traffic control outage '1 in 15 million' event: boss
The head of British air traffic control on Wednesday blamed a "one in 15 million" event that caused the country's worst systems failure in almost 10 years, stranding thousands of passengers.
Asian markets mostly drop as oil spike fuels fresh inflation worry
Most Asian markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike. Traders were keeping tabs on Tokyo after the dollar jumped to a 10-month peak against the yen on increased rate hike expectations, and above the levels that led officials to step in with support last year.
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