BRUSSELS/ANKARA (Reuters) -The European Union will establish contacts with Syria’s new leadership and reopen its delegation in the country, EU foreign policy chief Kaja Kallas and EU Commission President Ursula von der Leyen said on Tuesday. Von der Leyen also said the EU would increase humanitarian aid to Syria. But she warned of the risk …
EU to engage with Syrian leaders and reopen delegation Read More »
(Reuters) -Drugmaker Pfizer on Tuesday said it was expecting its 2025 profits to be nearly in line with Wall Street expectations as it seeks to fend off criticism over its turnaround strategy from activist hedge fund Starboard Value. Shares of the company rose nearly 3% in premarket trading. The company expects adjusted profit of $2.80 …
Pfizer forecasts 2025 profit in line with expectations Read More »
ROME (Reuters) – Italy is ready to talk to the incoming U.S. administration of Donald Trump to avoid potential retaliation against Rome’s domestic web tax, Deputy Economy Minister Maurizio Leo said on Tuesday. Washington has recently renewed calls for Italy to repeal the levy, which it considers unfairly discriminatory as it mainly targets U.S. tech …
Italy ready to talk to Trump to avoid US retaliation over web tax Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it has finalized $406 million in government grants to Taiwan’s GlobalWafers to significantly increase production of silicon wafers in the United States. The funds for projects in Texas and Missouri will establish the first high-volume U.S. production of 300-mm wafers for advanced semiconductors …
US finalizes $406 million chips subsidy for Taiwan’s GlobalWafers​ Read More »
(Reuters) – Italy’s Fincantieri and Telecom Italia’s submarine cables unit Sparkle said on Tuesday they agreed to develop solutions for the surveillance and protection of submarine telecommunications cables. The deal aims to ensure the operational resilience of infrastructure which is considered key for Italy’s connectivity and growth in the technological sector, the companies said in …
Fincantieri and Telecom Italia’s Sparkle join forces for submarine cable protection Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract more overseas investment. The country has been gradually opening up its tightly controlled economy, which is one of Sub-Saharan Africa’s biggest, since Prime Minister …
Ethiopia passes law to open banking to foreign competition Read More »
By Tom Sims FRANKFURT (Reuters) – A key indicator of the health of Germany’s property sector likely improved in 2024 and will make further gains next year, but will remain close to the weakest levels in more than a decade, underscoring the sector’s struggles, forecasts on Tuesday showed. Global real estate firm Jones Lang LaSalle …
German real estate deals seen edging up, but close to decade lows Read More »
By Maria Martinez BERLIN (Reuters) -German political parties presented their election programmes on Tuesday, a day after parliament backed a no-confidence motion in Chancellor Olaf Scholz’s government, paving the way for a snap election on Feb. 23. Disagreements over how to save Europe’s largest economy had been the main factor behind the collapse of Scholz’s …
Factbox-How Germany’s parties say they will revive its anaemic economy Read More »
By Michael Holden LONDON (Reuters) -A woman who was branded a Chinese spy by Britain’s MI5 has lost her case to sue the domestic spy agency over an alert issued to politicians which said she was an agent working for Beijing, a London tribunal ruled on Tuesday. Lawyer Christine Lee had sued MI5 over the …
Woman, branded a Chinese agent, loses case against UK’s MI5 Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission opened formal proceedings on Tuesday against social media firm TikTok over its suspected failure to limit election interference, notably in the Romanian presidential vote last month. The Commission said it will request information and look into TikTok’s policy on political advertisements and paid-for political content as well …
EU opens investigation into TikTok over election interference Read More »
