Wealth Growth Daily

Europe

Amazon should not pay $268 million in Luxembourg back taxes, EU court adviser says

BY Reuters  • June 8, 2023June 8, 2023
By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top[...]
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Business Economy Europe Politics US

Meta introduces broadcast tool Channels on WhatsApp

BY Reuters  • June 8, 2023June 8, 2023
(Reuters) – Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a “private broadcast messaging product.” Users[...]
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Asia Business Economy Europe Latin America Technology Updated US

Yandex granted Nasdaq lifeline subject to Russia restructuring

BY Reuters  • June 8, 2023June 8, 2023
By Alexander Marrow (Reuters) – Russian internet firm Yandex on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment[...]
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Business Economy Europe Politics US

TRYing times: The slide and fall of the Turkish lira

BY Reuters  • June 8, 2023June 8, 2023
By Marc Jones LONDON (Reuters) -Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping[...]
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Business Economy Elections Europe Middle East Politics Updated

Marketmind: O Canada! Markets wary of Fed hawkish surprise

BY Reuters  • June 8, 2023June 8, 2023
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After the Reserve Bank of Australia’s surprise earlier this week, it was the Bank o[...]
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Business Economy Europe UK

China’s Dalian Wanda appeals court decision to freeze shares

BY Reuters  • June 8, 2023June 8, 2023
BEIJING/HONG KONG (Reuters) -China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth[...]
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Asia Business Economy Europe Latin America Politics UK Updated

StanChart trimming roles as part of cost cuts – Bloomberg News

BY Reuters  • June 8, 2023June 8, 2023
(Reuters) -Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an existing plan to cut costs by more than $1 billion through 2024, Bloomberg New[...]
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Business Economy Europe UK Updated

Ryanair settles U.S. shareholder lawsuit over unionization comments

BY Reuters  • June 7, 2023June 7, 2023
By Jonathan Stempel (Reuters) – Ryanair Holdings Plc and longtime Chief Executive Michael O’Leary reached a $5 million settlement of a lawsuit accusing them of defrauding shareholders by d[...]
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Business Economy Europe Updated

Shares recoil from 13-mth high, Turkey’s lira hits record low

BY Reuters  • June 7, 2023June 7, 2023
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inf[...]
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