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Police say 19 held after raid at Swedish start-up Stegra to be deported
Police say 19 held after raid at Swedish start-up Stegra to be deported
by  AFP

Police said Thursday that 19 people they caught working illegally during a raid at the Swedish start-up Stegra's steel mill would be deported. Police said they had conducted over 100 immigration checks during the raid, finding 19 people who did not have the right to work and reside in Sweden.

Merz backs EU plan to protect steel sector from Chinese imports
Merz backs EU plan to protect steel sector from Chinese imports
by  AFP

Germany supports proposals by the EU to increase tariffs on foreign steel as the bloc struggles with cheap imports, especially from China, Chancellor Friedrich Merz said Thursday. The EU in October floated plans to double tariffs on foreign steel -- taking a leaf from US President Donald Trump's book to shield the bloc's struggling industry from cheap Chinese exports.

Bank of England leaves rate unchanged before UK budget
Bank of England leaves rate unchanged before UK budget
by  AFP

The Bank of England kept its key interest rate at 4.0 percent Thursday, opting against a cut before the UK government's annual budget this month set to feature tax rises. - Unclear outlook - The BoE last cut its key rate in August amid concerns over the impact of US tariffs on the UK economy.

Drugmaker AstraZeneca profit jumps as US business grows
Drugmaker AstraZeneca profit jumps as US business grows
by  AFP

British pharmaceutical giant AstraZeneca announced surging quarterly profit Thursday on strong sales of cancer drugs and as the group zones in on the United States, pressured by President Donald Trump. Trump last month announced a deal with AstraZeneca for significantly lower drug prices in the United States.

France urges EU to sanction Shein platform
France urges EU to sanction Shein platform
by  AFP

France has urged the European Union to take measures against Asian e-commerce giant Shein, two ministers said Thursday, following an uproar over sales of childlike sex dolls on its French website. French ministers on Thursday said it was time for the European Union to take measures against the brand.

Probe into Thales defence group looking at Indonesian contract
Probe into Thales defence group looking at Indonesian contract
by  AFP

A French-British investigation into alleged bribery at France-based defence giant Thales is examining a contract with Indonesia, an AFP investigation has showed. The French judiciary is looking into at least five other cases of alleged graft involving the defence firm.

US to cancel flights as longest govt shutdown drags on
US to cancel flights as longest govt shutdown drags on
by  AFP

US officials said the scheduled capacity for flights was being cut by 10 percent in 40 busy air traffic areas nationwide on Friday, as the longest government shutdown drags on. "There is going to be a 10 percent reduction in capacity at 40 of our locations," Transportation Secretary Sean Duffy told a White House news briefing on Wednesday, adding they would come into effect on Friday.