Tesco is facing a UK lawsuit brought by Burmese migrants in Thailand, who claim that one of the supermarket giant's former clothing suppliers used their forced labour, lawyers said on Monday.. "Burmese migrants were made to work up to 99 hours a week on unlawful wages and in forced labour conditions at a Thailand factory making clothes for Tesco's F&F fashion range," said law firm Leigh Day, which represents the 130 claimants.
Cryptocurrency tycoon Samuel Bankman-Fried could accept extradition to the United States to face charges over the multi-billion dollar collapse of his FTX group when he appears in court Monday in the Bahamas, according to US and local media.. He was charged in the United States with eight counts including conspiracy, wire fraud, money laundering and election finance violations.
Since buying Twitter, Elon Musk has made radical changes that have sparked fears for the future of the platform, from firing half the staff to restoring ex-president Donald Trump's account and temporarily suspending those of several journalists.. - Journalists suspended, then reinstated - On December 15, Twitter suspends the accounts of more than a half-dozen journalists, including reporters from CNN, The New York Times, and The Washington Post.
Shareholders of troubled German gas giant Uniper were to vote Monday on the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine. . On Monday, the German government and Uniper, Germany's biggest gas importer, concluded a framework agreement related to the rescue package.
German business confidence improved for a third straight month in December, a key survey showed Monday, the latest sign a downturn in Europe's top economy may be milder than feared.. "German business is entering the holiday season with a sense of hope."
US online giant Meta appears to have "breached EU antitrust rules" in the online classified section of its Facebook social network, the European Commission said Monday in a preliminary finding.. "The Commission takes issue with Meta tying its online classified ads service, Facebook Marketplace, to its personal social network, Facebook," it said in a statement.
Italy's new hard-right government has abandoned plans to allow merchants to refuse card payments under 60 euros ($64), following pressure from the European Union.. The government had proposed merchants be allowed to refuse card payments for transactions worth less than 60 euros without incurring penalties, alongside measures to raise the maximum for cash payments in shops from 2,000 to 5,000 euros, which also drew criticism from Brussels.
Ghana suspended payments on part of its foreign debt on Monday as the country undertakes debt restructuring in line with a bailout deal with the International Monetary Fund (IMF).. The government has already announced a domestic debt swap as part of the programme to ease a crunch in payments and was soon expected to release details about restructuring foreign debt. str-joa/pma/rl
Asian markets fell on Monday as traders weighed the prospect of a global recession caused by central bank moves to fight inflation.. She told Bloomberg Radio that "the market will look through the expectations of a future recession at some point and come back in because equities are starting to look cheaper and cheaper as we go along here".
Twitter announced Sunday it would no longer allow users to promote their accounts on a host of social media platforms including Facebook and Instagram -- the latest policy change by the company under its controversial new owner Elon Musk.. "Going forward, Twitter will no longer allow free promotion of specific social media platforms," it said in a statement.
