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Canada signs historic free trade agreement with Indonesia
Canada has signed a bilateral free trade agreement with Indonesia, which aims to eliminate or reduce tariffs on over 95 percent of Ottawa's exports to its largest market in Southeast Asia. "This is the right deal at the right time with the right partner," Canada's Prime Minister Mark Carney said, adding Indonesia is "Canada's largest export market in Southeast Asia."
Trump allies to control TikTok under new US deal
Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would see Chinese ownership reduced to 20 percent and put control in the hands of the president's allies. When asked if the Chinese authorities had signed off on the deal, Trump said that President Xi Jinping gave his green light in a phone call last week.
Judge endorses Anthropic's $1.5 bn copyright settlement
A US judge on Thursday endorsed Anthropic's deal to pay $1.5 billion to settle a class action lawsuit over amassing a library of pirated books to train its artificial intelligence.
Amazon to pay $2.5 bn to settle Prime enrollment case
Amazon agreed Thursday to pay $2.5 billion to settle allegations from a US regulator that it used deceptive practices to enroll consumers in Amazon Prime and made it difficult to cancel subscriptions. - 'Drop in the bucket' - Under the settlement, made on what would have been the third day of testimony in front of a jury, Amazon must reform its Prime enrollment and cancellation processes.
Volkswagen to take Dieselgate case to federal court
German auto giant Volkswagen said Thursday it intended to appeal to the country's Federal Constitutional Court after losing a legal case linked to the "Dieselgate" scandal. Volkswagen said in a statement sent to AFP that the decision was "not final" and that it would "take legal action at the Federal Constitutional Court".
US sanctions on Serbian oil firm will start October 1: Vucic
US sanctions on Serbia's largest oil producer, which is majority Russian-owned, will finally come into force on October 1, Serbian President Aleksandar Vucic said Thursday. So, from October 1, we will have sanctions imposed on the Serbian oil industry," Vucic said in a statement.
US starts tariff probes into medical gear, industrial machinery
The United States has opened investigations into imports of medical equipment such as surgical masks, and industrial machinery, in moves that could lead to new tariffs. The medical equipment probe considers the effects on national security of imports of personal protective equipment (PPE), medical consumables and medical equipment including devices.
Germany's Bosch to cut 13,000 jobs in blow to auto sector
German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country's ailing car sector. - 'Social devastation' - While agreeing that the situation in the German automotive industry was "very tense", Frank Sell, head of the Bosch Mobility works council, vowed to fight the cuts.
EU opens antitrust probe into German software giant SAP
The European Commission launched an antitrust probe into German software giant SAP Thursday over fears the company's practices may have distorted competition. "We are concerned that SAP may have restricted competition... by making it harder for rivals to compete, leaving European customers with fewer choices and higher costs," EU antitrust chief Teresa Ribera said in a statement.
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