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European telecom firms urge EU to make big tech pay
European telecom firms urge EU to make big tech pay
by  AFP

The heads of European telecoms firms, including Orange and Vodafone, on Monday urged the EU to make tech and streaming giants pay for the massive amounts of bandwidth they use. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear making web giants pay would create a two-speed internet.

Birkenstock aims to raise up to $1.58 bn in IPO
Birkenstock aims to raise up to $1.58 bn in IPO
by  AFP

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".

Equities retreat with US rates back in focus
Equities retreat with US rates back in focus
by  AFP

Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.

UK finance minister to announce boost for lowest earners
UK finance minister to announce boost for lowest earners
by  AFP

The UK minimum wage will go up next year, finance minister Jeremy Hunt will announce at the Conservative party's annual conference Monday, as the country gears up for a general election. - Populist - Prime Minister Rishi Sunak's party is currently trailing the opposition Labour Party in the polls, with an election looming next year.