For Norway’s Telenor, Myanmar’s coup leaves ‘many dilemmas’: CEO
Al Jazeera
Norwegian telecoms firm is one of the biggest foreign investors in Myanmar, which generates 7% of its earnings.
Since Myanmar’s military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor’s business there has been in limbo. As one of the few Western companies to bet on the South East Asian country after it emerged from military dictatorship 10 years ago, the return to army rule led to a $783m write-off this week for Norway’s Telenor. The Norwegian state-controlled firm, one of the biggest foreign investors in Myanmar, must now decide whether to ride out the turmoil, or withdraw from a market which last year contributed 7 percent of its earnings.
International Energy Agency warns against a politically and economically wrong return to reliance on Russian energy.
Lawsuit is to stop the 10 percent tariffs that Trump immediately imposed after US Supreme Court struck down previously imposed tariffs.
Havana’s streets have changed as a US fuel blockade restricts the movements of vehicles and people and hits businesses.
Anonymous bets hours before attacks on Iran that killed Supreme Leader Khamenei have raised concerns of insider trading.
Thousands of passengers are stranded as major Gulf hubs, including Dubai, have remained closed or severely restricted for a fourth day.
There has been a weeks-long feud between the Pentagon and Anthropic over concerns about how the military could use AI at war.