AFP
13876 articles published since 08 Mar 2022
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Vodafone sells Spain unit for up to 5.0 bn euros
British mobile phone giant Vodafone announced Tuesday the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros ($5.3 billion), as part of an ongoing overhaul. The price comprises at least 4.1 billion euros in cash and up to 900 million euros in preference shares.
France arrests Russian tycoon Kuzmichev in tax, sanctions probe
French police have arrested Russian billionaire Alexei Kuzmichev, one of the co-founders of the Alfa Group who is targeted by EU sanctions, on suspicion of tax fraud and violating sanctions, sources close to the case said.
Stellantis confirms 2023 outlook despite US strike
Automaker Stellantis confirmed Tuesday its 2023 outlook thanks to a jump in third quarter revenue despite a costly strike in the United States. The company said that the more than month-long strike by staff in the United States, which has ended following a tentative agreement struck Saturday, had a negative impact of around 3 billion euros on revenue compared to planned production.
Company guilty over New Zealand volcano disaster
The New Zealand firm that managed a volcanic island which erupted killing 22 people in 2019, was on Tuesday found guilty of failing to adequately protect visitors. A court in Auckland found Whakaari Management failed to "assess risk" to visitors sufficiently, or provide them with protective equipment.
Brazil's booming ag sector draws cash and controversy
With its massive output of soybeans, beef, cotton and now corn, Brazil has become one of the world's top agricultural powers. It is also the world's top supplier of chicken and beef, and second in cotton, after the United States.
Israel aims shock-value online campaign at Europe
Israel is running a hard-hitting online campaign targeting mostly Europeans with shocking images and testimonies from the attacks carried out by Islamist militant group Hamas on October 7. The militant group had been using official channels on the Telegram app to push its message, including graphic videos of Israel's bombing of Gaza and clips of the October 7 attacks shot by some of its fighters.
China's electric bus revolution glides on
On a rainy afternoon in Shenzhen, damp passengers jostle their way onto the megacity's buses, the quiet foot soldiers of an electric revolution for coal-guzzling China's public transport network. Shenzhen ditched diesel buses and went fully electric in 2017 -- a world first -- with its taxi fleet not far behind.
Stocks mixed, oil subdued as traders eye Mideast and central banks
Asian stocks were mixed Tuesday, with traders tracking developments in the Middle East crisis as Israel presses on with its ground incursion of Gaza, while hopes the conflict will not spill over regionally kept oil prices subdued. With worries about supplies from the crude-rich Middle East subsiding for now, both main oil contracts edged up slightly Tuesday.
Samsung Electronics says Q3 operating profits down 77.57%
South Korea's Samsung Electronics said Tuesday that its operating profits for the July to September period were down 77.57 percent from the year before, even as new smartphone releases boosted revenue. The company said net profit dropped 37.7 percent year-on-year to 5.8 trillion won -- though it represents a rebound from the second quarter's 1.7 trillion won.
AFP
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