Latest News

EU court rejects Brussels appeal over Amazon tax ruling
EU court rejects Brussels appeal over Amazon tax ruling
Economy
by  AFP

A top EU court rejected Thursday Brussels' appeal against a ruling blocking its bid to force Luxembourg to recover 25 million euros ($272-million) in back taxes from Amazon. "The Court of Justice confirms that the Commission has not established that the tax ruling given to Amazon by Luxembourg was a State aid that was incompatible with the internal market," the court said in a statement.

OPEC+ cartel's grip on oil market loosening: IEA
OPEC+ cartel's grip on oil market loosening: IEA
Economy
by  AFP

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday. "The continued rise in output and slowing demand growth will complicate efforts by key producers to defend their market share and maintain elevated oil prices," the International Energy Agency said in its monthly report on the oil market.