Coca-Cola, Danone and Nestle have been accused of making misleading claims about their plastic water bottles being “100% recycled”. A consumer body and two environmental groups have issued a legal…
Category: Business News
Italy: Authorities to seize $835m from Airbnb in tax evasion inquiry
An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from…
Tanzania: Top Indian university opens first offshore campus in Zanzibar
The first international campus of the Indian Institute of Technology Madras – IIT Madras – has officially opened in the Tanzanian archipelago of Zanzibar. The Zanzibar campus offers a four-year…
Uganda: Yoweri Museveni hits back over expulsion from US-Africa trade pact Agoa
Uganda’s president has downplayed the USA’s decision to expel the East African country from the Agoa trade deal. Last week, Joe Biden announced Uganda and three other countries would be…
Northern Ireland: Spirit Aerosystems aims to renegotiate Airbus A220 deal
The company which makes parts for Airbus passenger planes at a factory in Belfast is aiming to renegotiate the terms of its deal with the manufacturer. Spirit Aerosystems makes the…
USA: Uber and Lyft agree to pay $328m to New York drivers
Ride-sharing firms Uber and Lyft will pay $328m (£269m) to settle claims they “systematically cheated” New York drivers out of pay and benefits. It resolves a long investigation by the…
UK: Shell posts $6.2bn profit as oil prices rise again
Oil and gas giant Shell has posted strong profits helped by oil prices rising again. The energy giant reported earnings of $6.2bn (£5.1bn) between July and September, up sharply on…
Denmark: Maersk cuts 10,000 jobs as shipping demand falls
One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand. AP Moller-Maersk already cut 6,500 roles earlier this year as…
USA: Apple sales dip again despite iPhone boost
Apple sales have continued to fall, despite strong demand for its iPhones and services like streaming platform Apple TV+. The tech giant says revenues dipped 1% to $89.5bn (£73.3bn) in…
Panama: El Nino drought cuts canal ship numbers further
The Panama Canal will make more cuts to the number of ships using the waterway due to the worst drought in over 70 years, authorities say. The Panama Canal Authority…