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Germany launches limited military service to be “war ready”
Germany will reintroduce limited military service. However, the plan falls short of the original goal set by the Defence Ministry to restore the conscription system that was scrapped 13 year ago.
Boris Pistorius, the defence minister,…
Spanish beer chief criticizes ‘dishonesty’ of UK brewers in Madri boom
Estrella Galicia's boss has accused British brewers for "dishonesty", as they sell beers that look Spanish, but are actually brewed in Britain.
Aitor de Artaza is the international managing director for the Spanish brewery. He said that…
Russia-China gas pipeline deal stalls over Beijing’s price demands
Three people with knowledge of the situation say that Russia's efforts to reach a deal on a major pipeline with China have been stymied by what Moscow views as Beijing's unreasonable requirements regarding price and supply.
Beijing's…
Samsung Workers’ Union Announces First-Ever Strike for Chipmaker
The South Korean tech giant Samsung Electronics announced on Wednesday the first ever strike by its employees. This could threaten the global semiconductor supply chain.
A spokesperson stated that union members, which is around 20% of…
China celebrates a ‘new beginning” at the summit with Japan, South Korea
Li Qiang, Premier of China, hailed "a new beginning" in the relationship between China and South Korea as well as Japan. The three countries also pledged to restart talks on a Free Trade Agreement.
In a statement released after their…
Toblerone maker Mondelez fined €337.5m for anti-competitive practices
Owners of Toblerone Milka and Oreo were fined €337.5m (£288m ) in the EU for anti-competitive behavior.
The US food group formerly known as Mondelez, is the largest confectionery company in the world. It owns Ritz biscuits and TUC…
ExxonMobil and Turkey are in negotiations over a multi-billion dollar LNG deal
Turkey has been in negotiations with US energy giant ExxonMobil about a multi-billion dollar deal to purchase liquefied gas, as Ankara tries to reduce its dependency on Russian energy.
In an interview, Alparslan Bayraktar, the Turkish…
Netflix signs $5bn agreement to livestream WWE Raw
Netflix has signed a five-billion dollar deal to stream World Wrestling Entertainment’s flagship Raw program in the US for the next decade. This is the biggest move yet by the company into streaming live events.
The streaming service…
Apple’s biggest crisis since the iPod saved it
Investors become more nervous as the share price of a company drops and sales drop
Tim Cook didn't hold back. In a 2018 email to finance executives, he ordered his lieutenants that they should improve the sales of Apple's new iPhones.…
IMF official: World economy is on the brink of “cold war 2”
A senior International Monetary Fund representative has warned that the world economy is at the brink a second Cold War, which could "annihilate", the progress made since collapse of the Soviet Union.
Gita Gopinath is the first deputy…