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Shell denies reports that the energy giant is in talks to take over BP

LONDON (AP) — British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP. The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter. “In response ...
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Indonesia working on new e-commerce tax rule in bid to target ‘shadow economy’

By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to tackle the “shadow economy”, its tax office said on Thursday, confirming a Reuters report earlier this ...
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Shell says it is not considering buying BP, UK rules ban bid for 6 months

LONDON (Reuters) -Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six ...
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H&M says shoppers are cautious as Q2 sales fall more than expected

STOCKHOLM (Reuters) -Swedish fashion retailer H&M reported on Thursday a slightly bigger drop than expected in second-quarter sales and said it expected sales in June, measured in local currencies, to rise 3%. CEO Daniel Erver said in a statement that times are uncertain, with ...
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North Korea will open its biggest tourist site next week, though it’s not yet welcoming foreigners

SEOUL, South Korea (AP) — North Korea next week will open a signature coastal tourist site that it says will usher in a new era in its tourism industry, though there is no word on when the country will fully reopen to foreign visitors. ...
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All day and all night, Greenlanders revel in 24-hour sunlight to play soccer

NUUK, Greenland (AP) — For most of the year, Greenland is covered in ice and snow and its locals retreat indoors. But for three short months beginning in June, everyone heads outside — day and night — to watch or play soccer, the island’s ...
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Colombia’s president signs a labor overhaul into law after 2 failed attempts

BOGOTA, Colombia (AP) — Colombian President Gustavo Petro signed into law on Wednesday a controversial labor overhaul with the potential to profoundly shift the balance of power from employers to workers, a key victory for the left-wing leader even as Congress compelled him to ...
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Asian shares are mixed as markets take a breather after recent volatility

BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks hung near their all-time high as financial markets caught their breath following recent bouts of volatility. The dollar weakened against the Japanese yen and euro and oil prices were steady. Tokyo’s ...
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Dutch consumer groups prepare legal action against Booking.com, alleging inflated hotel prices

AMSTERDAM (Reuters) -Two Dutch consumer groups said on Wednesday they are seeking affected customers for a legal claim against Booking.com, one of the world’s largest online travel agencies, over what they described as inflated hotel prices since 2013. The Consumer Competition Claims Foundation (CCC) and ...
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Japan hits M&A record of $232 billion, driving Asia deals rebound

By Anton Bridge, Miho Uranaka and Kane Wu TOKYO/HONG KONG (Reuters) -Japan is driving Asia’s M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by multi-billion dollar take-private arrangements, outbound ...
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EU to canvass leaders at summit on resolving US tariff conflict

By Philip Blenkinsop and Jan Strupczewski BRUSSELS (Reuters) -European Union leaders are to tell the European Commission on Thursday if they want a quick trade deal with the United States at the cost of Washington getting better terms, or to escalate the fight in hope ...
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Foreigners turn net sellers of Japan stocks for first week in 12

(Reuters) -Foreigners divested Japanese stock for the first time in 12 weeks in the week through June 21 on caution over the Israel-Iran conflict and its impact on Japanese oil imports and inflation. They sold a net 524.3-billion-yen ($3.62 billion) worth of Japanese stocks, logging ...
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