AFP
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Deutsche Bank asset manager DWS fined 25 mn euros for 'greenwashing'
Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.
Nigerian president sacks board of state oil company
President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".
UK imposes online entry permit on European visitors
New rules came into force Wednesday requiring European visitors to the UK to buy an online entry permit as the government revised longstanding regulations to boost border security.
Heathrow 'warned about power supply' days before shutdown
Heathrow airport was warned about its power supply in the days before the entire hub was shut down due to an outage that caused massive disruption, lawmakers were told on Wednesday.
Greece to spend 25 bn euros in 'drastic' defence overhaul: PM
Greece will spend 25 billion euros ($27 billion) through to 2036 in the "most drastic" defence overhaul in its modern history, Prime Minister Kyriakos Mitsotakis said on Wednesday. "Τhe plan involves the most drastic transformation of the armed forces in the country's modern history," Mitsotakis told parliament.
Swedish insurer drops $160 mn Tesla stake over labour rights
Swedish insurance company Folksam said Wednesday it had given up its $160 million stake in Tesla due to the electric carmaker's approach to labour rights. Folksam said that Tesla's approach to its employees' rights to unionise was "problematic" given its investment criteria, and that attempts to influence the company as a shareholder had been ineffective.
'Give me a break': Trump tariffs threaten Japan auto sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break." The tariff "will hit auto production hard, undermine confidence, and reduce orders", Moody's Analytics said in a report about Japan's business sentiment.
Asian markets edge up but uncertainty rules ahead of Trump tariffs
Asian markets edged up Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. In early trade, Asian markets mostly rose, though they were fluctuating between gains and losses after a recent selloff.
Nintendo's megahit Switch console: what to know
Gaming giant Nintendo is set to unveil the successor to its phenomenally popular Switch console on Wednesday. But plans for the console were unveiled in 2015 to overwhelming indifference after the successor to Nintendo's popular Wii device, the Wii U, flopped commercially.
AFP
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