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EUROPE

Italian banks’ shares plunge after ministers back tax on profits

Digital Desk -
Shares in Italian banks have plunged after the Cabinet approved a proposal to apply a temporary tax on some profits this year to help...
BUSINESS

Biogen to bolster rare disease treatments with £5.4 billion Reata acquisition

Digital Desk -
Biogen is spending more than seven billion US dollars (£5.4 billion) to buy Reata Pharmaceuticals and bolster its rare disease treatments. The Alzheimer’s treatment developer...
BUSINESS

Microsoft and UK regulators seek more time to work on Activision deal

Digital Desk -
Microsoft and British regulators have sought more time from a court as the US tech company uses a rare second chance to overcome opposition...
BUSINESS

US food agency called on to investigate Logan Paul & KSI backed Prime Energy Drink

Digital Desk -
An energy drink backed by two YouTube stars that has earned viral popularity among children is facing scrutiny from lawmakers and health experts over...
BUSINESS

Switzerland ‘to become a net importer of cheese this year for the first time’

Digital Desk -
Switzerland will import more cheese than it exports this year for the first time, according to the head of the country’s dairy association. The opening...
BUSINESS

Ant Group fined £769 million by Chinese regulators

Digital Desk -
Chinese regulators said they have fined Ant Group 7.123 billion yuan (£769 million), claiming the financial technology provider violated laws related to corporate governance...
WORLD NEWS

Canada’s government to stop Facebook and Instagram advertising after news block

Digital Desk -
Canada’s government will stop advertising on Facebook and Instagram after parent firm Meta blocked access to news content as part of a temporary test. Heritage...
BUSINESS

BlackRock files for Bitcoin ETF Application

Digital Desk -
BlackRock, the world's largest asset manager is close to filing an application for a Bitcoin ETF (exchange traded fund), according to sources close to...
RUSSIA

Russia’s key gas exporter Gazprom announces 41% fall in profits

Digital Desk -
Gazprom, the state-owned natural gas company that is a pillar of Russia’s economy, announced on Tuesday that its profit for 2022 plunged by more...
BUSINESS

US officials investigate whether Elon Musk’s ‘Twitter Hotel’ plan broke laws

Digital Desk -
San Francisco officials are investigating Twitter after six former employees allege that owner Elon Musk’s leadership team broke laws in turning the company’s headquarters...
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