Economy
Crunch time for EU-Mercosur deal at Rio summit
The fate of a long-awaited but controversial Europe-South America trade deal hangs in the balance this week when Brazilian President Luiz Inacio Lula da Silva hosts a summit of the Mercosur regional bloc.
Premier League announces record $8.45 bn domestic TV deal
The Premier League announced on Monday it had agreed a record £6.7 billion ($8.45 billion) domestic television rights deal for a four-year period starting from the 2025/26 season. International rights for the English top flight overtook the value of domestic rights for the first time last year and are estimated to bring in £5.3 billion between 2022 and 2025.
Canada's public broadcaster to cut 10% of workforce
Canada's public broadcaster on Monday announced it would cut 600 jobs, or 10 percent of its workforce, as it confronts financial challenges sparked by a drop in television ad revenues and competition from digital news outlets.
Divided US high court hears challenge to $6bn Purdue opioid settlement
The US Supreme Court appeared divided on Monday as it heard a challenge to Purdue Pharma's $6 billion opioids settlement immunizing the Sackler family that controlled the drugmaker from future litigation.
Banque Pictet to pay nearly $123 mn over secret bank accounts
Banque Pictet et Cie will pay nearly $123 million under a deferred prosecution agreement in which the private bank admitted to helping US taxpayers evade $50.6 million in taxes, US officials announced Monday. Under the agreement, Banque Pictet will pay $31.8 million in restitution for US taxes; $52.2 million for fees earned on the undeclared accounts; and a penalty of nearly $39 million.
Saudi Arabia says 'absolutely not' to oil phaseout at COP28
Saudi Arabia's energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai. But Energy Minister Prince Abdulaziz bin Salman, a half-brother of de facto ruler Crown Prince Mohammed bin Salman, told Bloomberg that Saudi Arabia, the world's biggest oil exporter, would not agree.
FIRS forgives tax defaulters, waives debts, penalties, gives new deadline to comply
The Federal Inland Revenue Service (FIRS) has given tax defaulters and companies December 31, 2023, to comply with existing tax laws as it waives debts and penalties
UK has record £16.9bn shortfall in defence budget: watchdog
The UK's defence department is facing a £16.9 billion ($21.4 billion) shortfall in its equipment budget due to inflation and demands from the government's updated strategy, the public spending watchdog said Monday.
Rights orgs sue Netherlands over F-35 parts to Israel
A group of human rights organisations took the Dutch government to court on Monday, arguing its supply of parts for F-35 fighters contributes to violations of international law in Gaza. International law experts have told AFP that human rights violations are likely being carried out by both parties to the conflict.
Economy
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