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Spain targets Airbnb in illegal ads probe
Spain targets Airbnb in illegal ads probe
by  AFP

Spain's leftist government on Wednesday opened an investigation into holiday rental platform Airbnb for allegedly failing to take down adverts for thousands of apartments without a tourist licence.

US Supreme Court agrees to hear TikTok ban case
US Supreme Court agrees to hear TikTok ban case
by  AFP

The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down. A three-judge US appeals court panel earlier this month unanimously upheld the law's premise that TikTok divesting from Chinese ownership "is essential to protect our national security."

UniCredit ups pressure on Commerzbank, fuelling German anger
UniCredit ups pressure on Commerzbank, fuelling German anger
by  AFP

Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover speculation and sparking condemnation from Berlin of an "unfriendly" move at a time the country is in political limbo.

UK electricity grid set for 'unprecedented' £35 bn investment
UK electricity grid set for 'unprecedented' £35 bn investment
by  AFP

National Grid unveiled Wednesday a massive plan to nearly double the transmission capacity of the UK's electricity grid, boosting the British government's net zero ambitions. The investment will upgrade the existing grid network and pay for new construction projects that will see electricity transmission capacity almost doubled.

Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
by  AFP

Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday. UniCredit, Italy's second largest bank, said earlier Wednesday it had increased its stake in Commerzbank from 21 percent to around 28 percent.