Germany inaugurates Baltic Sea naval HQ amid rising tensions with Moscow

BERLIN (Reuters) – Germany inaugurated on Monday a new multinational naval headquarters for the Baltic Sea capable of leading operations for NATO during a conflict, as the military alliance increases focus on the area amid rising tensions with Russia. “Our message to our partners and to those who threaten our peace is simple: Germany stands …

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CITIC to sell stake in McDonald’s China, HK operations for $430.3 million

(Reuters) -China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, CITIC said in …

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EU approves $139 million of Swedish aid to help steelmaker SSAB decarbonise

BRUSSELS (Reuters) – The European Commission has approved 128 million euros ($139 million) of Swedish state aid to help steelmaker SSAB decarbonise its production, the Commission said on Monday. “The measure will contribute to the achievement of the European Green Deal and the Green Deal Industrial Plan targets, while also helping to end dependence on …

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Singapore port authority reports fire onboard tanker in East Johor Straits

(Reuters) -The Maritime and Port Authority of Singapore (MPA) on Monday said it received an alert about an engine room fire onboard a Malta-flagged tanker, the Med Atlantic, which was anchored in the East Johor Straits within Singapore waters. The vessel is currently anchored and there is no disruption to vessel traffic in the area, …

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Italy moves to ensure Big Tech share in costs of telecom networks rollout

ROME (Reuters) – Italy is moving to introduce measures aimed at ensuring that Big Tech firms share the cost of developing telecoms infrastructure in the country, Industry Minister Adolfo Urso said on Monday. Telecoms companies argue that Alphabet’s Google, Meta’s Facebook, Amazon, Apple and Microsoft should bear some of the high-speed network rollout costs because …

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