The Billion-Euro Heist
18 December 2022 | 6:31 pm
Insiders say it’s like something out of a thriller movie. The players in the "Cum-Ex" tax scandal are powerful bankers, executives, top-tier lawyers, and even, perhaps, German politicians...along with the state prosecutor who’s on their trail.
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The maker of weight-loss drug Wegovy has become Europe's most valuable firm, dethroning the French luxury conglomerate LVMH. Shares rose after the Danish pharmaceutical giant, Novo Nordisk, launched the popular drug in the UK. At the close of trading on Monday, the firm had a stock market valuation of $428bn (£339bn).
Blacklisting the Wagner Group would put it on the terror list with al-Qaida, meaning that it would be a criminal offense to be a member of or support the mercenary outfit under UK laws.
Forced exile, grief, pressures of assimilation and generational trauma are recurring themes for many, if not most narratives about the refugee experience. They're at the heart of author Cecile Pin's first book, “Wandering Souls”, which recounts the lesser known stories of Vietnamese boat people who fled to the United Kingdom. She joined us for Perspective.
Talking Europe hosts Pascal Lamy, co-ordinator of the Jacques Delors institutes, and a distinguished former head of the World Trade Organization and former EU Trade Commissioner. We discuss great power competition in today's world; the EU’s influence when it comes to global trade and regulation; the critical importance of Africa to Europe; and climate adaptation in the light of Lamy’s role as a member of the Climate Overshoot Commission.
The UK has announced it's rejoining the European Union's flagship science funding programme, Horizon. In the wake of Brexit, London had been blocked from re-associating with the scheme, which is the world's biggest civil research and innovation programme. The UK government says the new deal gives local scientists "unrivalled opportunities" at a good price for taxpayers. We take a closer look.
The German and Ukrainian capitals marked their new partnership in Berlin, where Mayors Vitali Klitschko and Kai Wegner met at the Brandenburg Gate. "Together we are much stronger than alone," said Klitschko.
Detroit's Big Three automakers failed to reach a new labor agreement before their contract with employees represented by the United Auto Workers expired at midnight Thursday, triggering one of the largest strikes to hit the U.S. in years.
Negotiations between the Canadian Unifor union – representing 5,700 workers – and carmaker Ford have been extended for another 24 hours after a prior labour contract expired at midnight on Monday. A strike could be on the cards if a deal is not found by then. Meanwhile, the US's major auto industry union is picketing against Ford, GM and Stellantis. Also in this edition, the EU's digital chief raises concerns over Chinese data laws. Plus, olive oil prices reach record highs.
Keir Starmer is in Paris a day ahead of King Charle's delayed state visit to France. The UK opposition leader has said he wants closer ties to the EU but won't seek to rejoin the bloc.
We look at why US President Joe Biden is under pressure to join Detroit autoworkers on the picket lines as Donald Trump looks to woo them. Canadian papers react to PM Justin Trudeau's explosive statement accusing Indian government operatives of assassinating a Sikh leader on Canadian soil. Also: French papers discuss the link between social media and a wave of recent teenage suicides in France. We finish with a look at whether or not theft can be considered art.
The United Auto Workers and the US's Big Three carmakers remain far apart in their negotiations as time is running out before the union plans to escalate its strike on Friday. Last week, workers walked off the job at three plants, each belonging to Ford, General Motors and Stellantis. Also in this edition, the US Federal Reserve leaves interest rates unchanged. Plus, Japanese conglomerate Toshiba could go private after being on the stock market for 74 years.
After beginning a strike one week ago, the United Auto Workers union has increased the number of plants affected by industrial action. Until now, workers have been striking at three sites, one each for Ford, General Motors and Stellantis. UAW leader Shawn Fain says that will be increased to 38 factories, all of them GM and Stellantis parts distribution centres. Ford has been spared of further disruption, with the union saying the company has made "important concessions".
44 mins ago
The Israeli press celebrates the release of 11 more hostages, as the media in the Arabic world focus on the Gaza ceasefire and release of 33 Palestinian prisoners. Meanwhile, Elon Musk's visit to Israel is met with disgust by one newspaper.
44 mins ago
Kissinger was a contentious figure in US foreign policy, playing a key role during the war in Vietnam, and in solidifying US-China relations, while serving as secretary of state and national security advisor.
6 hours ago
The National Stadium, Surulere, which was once Nigeria's imperial beauty and was built in 1972 by General Yakubu Gowon, has become an abandoned relic as of April 2023.
6 hours ago
Virgin Atlantic's Flight100 landed in New York on Tuesday, making the journey from London without using fossil fuels, thanks to a mix of renewable biomass and waste fats. This "sustainable aviation fuel" reportedly reduces life-cycle emissions by up to 70 percent but still emits CO2, as FRANCE 24's Bryan Quinn explains.
6 hours ago
Household Consumption accounted for the largest share of real Gross Domestic Product at market prices in the first and second quarter of this year according to data from the National Bureau of Statistics. Femi Oladehin, Partner at Àrgentil Capital Partners joins CNBC Africa to unpack the numbers and drivers of inflation in Nigeria.
1 day ago
Tonight we focus on the latest events in Guinea-Bissau. The army maintains order has been restored in Bissau following gun battle between army factions. Violence broke out last night after national guard soldiers freed an opposition minister and continued until Friday morning.
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