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Small firms join charge to boost Europe's weapon supplies
Small firms join charge to boost Europe's weapon supplies
by  AFP

European nations have committed themselves to huge hikes in spending on weapons, with giant defence firms reaping the early rewards -- but the signs are that smaller companies and investors are now beginning to mobilise.

German shipyard, rescued by the state, gets mega deal
German shipyard, rescued by the state, gets mega deal
by  AFP

German shipyard Meyer Werft has received a mega order worth up to 10 billion euros ($11.7 billion), officials said Monday, a boost for the shipbuilder after a state rescue last year. "We talk about shipyards differently than we did even two years ago because they are systemically important," said Olaf Lies, minister president of Lower Saxony state, where Meyer Werft has its headquarters.

Spain fines Airbnb 64 mn euros for posting banned properties
Spain fines Airbnb 64 mn euros for posting banned properties
by  AFP

Spain's leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.

EU-Mercosur trade deal faces bumpy ride to finish line
EU-Mercosur trade deal faces bumpy ride to finish line
by  AFP

Brussels is headed for a showdown this week over the European Union's free-trade deal with South American bloc Mercosur, after Paris launched a last-ditch effort to derail the signing of the landmark accord. European Commission chief Ursula von der Leyen is due in Brazil on Saturday to sign in the agreement, which, 20 years in the making, would create the world's biggest free-trade area.

Louvre trade unions to launch rolling strike
Louvre trade unions to launch rolling strike
by  AFP

Workers at the Louvre Museum are set to begin a rolling strike on Monday to demand extra staff and measures to tackle overcrowding, adding to the woes of the Paris landmark.

Asian markets drop with Wall St as tech fears revive
Asian markets drop with Wall St as tech fears revive
by  AFP

Asian markets dropped Monday as concerns about the AI-fuelled tech rally returned to the spotlight after weak earnings from two big-name firms last week revived questions about the wisdom of the vast sums invested in the sector. Those concerns were compounded last week following disappointing earnings from sector giants Oracle and Broadcom.

What we know ahead of Jimmy Lai's national security verdicts
What we know ahead of Jimmy Lai's national security verdicts
by  AFP

A Hong Kong court will decide on Monday whether pro-democracy media mogul Jimmy Lai is guilty of national security crimes, in a case that has sparked international concern over the city's political freedoms. - On Monday morning, High Court judges Esther Toh, Alex Lee and Susana D'Almada Remedios will decide if Lai is guilty or not guilty of each of the three charges.

Jimmy Lai, the Hong Kong media 'troublemaker' in Beijing's crosshairs
Jimmy Lai, the Hong Kong media 'troublemaker' in Beijing's crosshairs
by  AFP

A rags-to-riches tycoon, Hong Kong media boss Jimmy Lai is a self-styled "troublemaker" who has long been a thorn in Beijing's side with his caustic tabloids and unapologetic support for democracy. - Tiananmen watershed - Lai rose from poverty, like many Hong Kong tycoons.