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EU woos developing nations at investment forum
EU woos developing nations at investment forum
by  AFP

European Union chief Ursula von der Leyen pitched the bloc as a dependable partner in a transactional world Thursday as she hosted about a dozen Global South leaders at an investment conference in Brussels. "Tariffs and trade barriers are back as a tool of geopolitics and geoeconomics," von der Leyen told the Global Gateway Forum, an implicit reference to US and Chinese policies.

British PM Starmer hails India opportunities after trade deal
British PM Starmer hails India opportunities after trade deal
by  AFP

British Prime Minister Keir Starmer touted "unparalleled" opportunities opening up in India as he made his inaugural visit to the country on Wednesday, seeking to promote a trade deal signed this summer. The two-day visit comes after the countries signed a major trade accord in London in July.

US sanctions hit Serbia's oil firm
US sanctions hit Serbia's oil firm
by  AFP

US sanctions on Serbia's majority-Russian-owned NIS oil company, which operates the country's sole refinery, took effect on Thursday after months of delay. Its parent company, Gazprom, transferred its 11-percent stake last month to Intelligence, a Saint Petersburg-based firm also linked to the Russian energy giant.

OMG! German influencers face tax dodging crackdown
OMG! German influencers face tax dodging crackdown
by  AFP

They could soon be unboxing fines rather than freebies -- Germany's online influencers are facing a tax evasion crackdown that has left them screaming OMG! It is these cases of intentional evasion that North Rhine-Westphalia is targeting.

Merz to host German auto sector crisis meeting
Merz to host German auto sector crisis meeting
by  AFP

Chancellor Friedrich Merz will Thursday host crisis talks with German auto industry leaders in a bid to navigate myriad challenges, from a looming EU combustion-engine ban to growing Chinese competition.

Stocks mixed as traders assess AI rally, US rates and shutdown
Stocks mixed as traders assess AI rally, US rates and shutdown
by  AFP

Asian markets were mixed Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the ongoing US government shutdown. "AI is clearly a bubble," warned Neil Wilson at Saxo markets.