EUROPE

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The UK government has approved the £3.6 billion takeover of Royal Mail's parent company by Czech billionaire Daniel Kretinsky's EP Group, following agreement on legally binding commitments. The government will retain a so-called "golden share" that will require it to approve any major changes to Royal Mail's ownership, HQ location and tax residency.

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A 22-year-old Italian student, Filippo Turetta, has been sentenced to life in jail after he admitted to stabbing to death his ex-girlfriend Giulia Cecchettin last year. The murder case gripped Italy and sparked a heated debate on the issue of violence against women.

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Recently in London, Apple’s CEO, Tim Cook, envisioned a transformational future with the latest revolutions in AI and marked a new epoch for the IPhone. It was during his weeklong trip to the UK and a slew of commitments that underlined how Apple had made well over $22 billion of investment in the region during the past five years and underlined the company’s growing ambition on innovation, community development, and AI-enabled strides.

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The Eurozone's economic narrative continues to unfold with nuanced inflation dynamics, as November's preliminary Harmonized Index of Consumer Prices (HICP) reveals a subtle yet significant uptick. Released by Eurostat, the data marks a delicate transition in the region's monetary environment, signaling both challenges and potential opportunities for policymakers.

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Indonesia recently banned the sale of Apple’s iPhone 16 because of its inability to comply with the local content requirement. It has asked Apple to invest a whopping $1 billion to get the ban lifted, which is 100 times more than what Apple had proposed.