PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed…
Category: Business News
Lithuania: One person died and three got injured in cargo jet crash
At least one person has died and three others have been injured after a cargo plane crashed near Vilnius airport in Lithuania in the early hours of Monday. The Boeing…
UK: Perfume boss faces criminal charges for ignoring Russia sanctions
A British businessman caught on camera confessing he was illegally selling luxury perfume to Russia is not facing criminal charges. David Crisp admitted to an undercover investigator that he had…
Canada: PM Trudeau plays Santa with seasonal tax break
Canadian Prime Minister Justin Trudeau is playing Father Christmas with a seasonally-timed tax break amid growing frustrations about Canada’s cost of living.The prime minister announced Thursday a two-month limited-time break…
Sri Lanka: IMF approves third review of Colombo’s $2.9bn bailout, but warns of risks
The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said…
UK: Authorities want to hire EU negotiator to ‘reset’ relations
The UK government is hiring a new negotiator to help deliver a “reset” of relations with Europe.The job posting says the role will lead the government’s relationship with the European…
Spain: Authorities fine budget airlines including Ryanair €179m
Spain has fined five budget airlines a total of €179m (£149m) for “abusive practices” including charging for hand luggage.Ryanair has been given the largest fine of €108m (£90m), followed by…
UK: Thousands of farmers protest against inheritance tax changes
Thousands of people have protested in London over changes to inheritance tax for farmers announced in the Budget. Among those marching in Whitehall was TV presenter Jeremy Clarkson, who said…
N Korea: Russia breaks sanctions supplying N Korea with oil
Russia is estimated to have supplied North Korea with more than a million barrels of oil since March this year, according to satellite imagery analysis from the Open Source Centre,…
Serbia: Fury over station tragedy prompts first arrests
After three weeks of protests demanding justice following the deadly collapse of part of the railway station in Serbia’s second city, arrests have begun. Prosecutors ordered the questioning of 11…