Newsletter Sep 21, 2022

Truss calls on like-minded nations to unite against authoritarianism

British Prime Minister Liz Truss will call on like-minded nations to combat authoritarianism together, drawing on Russia's invasion of Ukraine to underline the need to push back against those "who weaponise the global economy".

Link's UK unit faces $57 million fine in Woodford probe; D&D buyout under threat

Australia's Link Administration said on Wednesday Britain's financial regulator may fine a UK unit 50 million pounds ($56.86 million) in addition to potential 306.1 million pounds in redress over its management of a now defunct fund.

Dollar ascendant as investors gear up for Fed

The dollar hovered near a two-decade peak against a basket of currencies on Wednesday, after yields on U.S.

Analysis-Europe energy crisis may deepen with looming liquidity crunch

Europe's problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: a liquidity crunch that could send them spiralling higher still.

European business group warns of loss of confidence in China

A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor.

Ad discrimination suit against McDonald's allowed to proceed

Media entrepreneur Byron Allen, who is Black, has accused McDonald's of instituting a "racially discriminatory contracting process" in a lawsuit first filed in May 2021.

Britain cleans up and looks to future after queen's funeral

Flags on government buildings returned to full mast and an epic clean-up operation was underway on Tuesday as British public life resumed after the state funeral of Queen Elizabeth II.

King Charles, defender of faith: what the monarchy's long relationship with religion may look like under the new sovereign

As King Charles III assumes the role of monarch, his relationship with faith will also come into focus, and may look different from his mother's.

EU hopes for trade pact with Indonesia within two years

The European Union hopes to strike a free-trade agreement with Indonesia within two years despite disputes with Southeast Asia's largest economy over palm oil and nickel, the bloc's trade commissioner said Tuesday.

Germany's blanket data retention law is illegal, EU top court says

Germany's general data retention law violates EU law, Europe's top court ruled on Tuesday, dealing a blow to member states banking on blanket data collection to fight crime and safeguard national security.

Facebook parent Meta in EU setback against German rules

Facebook's parent company Meta on Tuesday suffered a setback in its challenge against German antitrust rules as a top adviser to the EU Court of Justice backed the regulator.

Stellantis invests in Turin in push to boost low emission vehicle production

Stellantis has chosen Italy's historic carmaking city of Turin for an investment to boost its role in low emission vehicle production and as a centre for the recycling of cars and their parts.

GM, Hertz make deal to deploy up to 175,000 EVs

Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co electric vehicles over the next five years, its latest move toward zero-emission models.

Japanese man sets himself on fire in apparent protest at former PM's state funeral - media

A man set himself on fire near the Japanese prime minister's office on Wednesday in an apparent protest at the government's decision to hold a state funeral for former premier Shinzo Abe, who was assassinated earlier this year, media reported.

European court rules against parents of missing Madeleine McCann

The European Court of Human Rights ruled on Tuesday against the parents of missing British toddler Madeleine McCann, saying that Portugal had given them a fair hearing in their libel battle against a former Portuguese policeman.