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European shares gained on Wednesday on rising bets of interest rate cuts following softer inflation data from the UK and Germany, while a rise in commodity prices lifted resource stocks. The pan-European STOXX 600 was up 0.3% by 0818 GMT, with energy and telecom sectors leading gains. Data showed German producer prices fell more than expected in November, while British inflation dropped way more than expected last month, with the headline rate falling to its September 2021 lows, strengthening the case for rate cuts. The German DAX was up 0.2%, while the UK's FTSE 100 jumped 1.3%. Energy shares rose 1.1%, while basic resources stocks gained 0.4% on higher prices of most commodities. Telefonica jumped 6.3% as the Spanish government is set to acquire around 10% stake in the telecoms giant. The broader sector was up 1%. Deutsche Post lost 1.3% after U.S.

TBO Tek, which has filed its draft IPO papers with Sebi, told ET that it has signed a deal to acquire the online business of Jumbo Tours Group of Spain, through its wholly owned subsidiary Tek Travels DMCC. The company has acquired the business for a consideration of ₹25 million, as per the draft IPO papers.

By Phil Stewart

Red Sea and Gulf of Aden to try to safeguard commercial shipping against attacks by Yemen's Houthi rebels, who say they are supporting Palestinians under siege by Israel in the Gaza Strip. A statement on Tuesday by U.S. Defense Secretary Lloyd Austin, on a visit to Bahrain, identified several countries taking part in an international force.

Fass Boye to Spain's Canary Islands, a gateway to the European Union where they hoped to find work, was supposed to take a week. But the wooden boat carrying 101 men and boys was getting blown further and further away from its destination.

By Ahmed Eljechtimi

Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish children receive holiday gifts, according to labour union LAB. Around 160 workers at the Trapagaran centre in the Basque country, on the border between France and Spain, plan to strike on Jan. 3, 4 and 5 to demand higher wages, said LAB union leader Gotzon Mardarats, who represents most of the workers.

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Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances.

Jennifer Nettles won an Emmy at the Daytime Creative Arts & Lifestyle ceremony, held at the Westin Bonaventure in Los Angeles. Besides, Nettles also co-wrote the song with Bill Sherman for the PBS series American Anthems. It won for outstanding original song. The award for outstanding music direction and composition was shared by ten composers for the Apple TV+ series Home. The composers include Christopher Bear, BJ Burton, Garron Chang, Demian Galvez, Amanda Jones, Camilo Lara, Aska Matsumiya, Ali Shaheed Muhammad, Cali Wang and, Adrian Younge. Variety Studio Actors on Actors on PBS won outstanding arts and popular culture programs, beating Variety Power of Women: Changemakers on Lifetime.

Kerala. A mock drill is underway in health facilities across states, evaluating public health and hospital readiness. This exercise, overseen by district collectors, commenced on December 13 and is scheduled for completion by December 18, 2023.

MV Ruen, was boarded by armed pirates, prompting an immediate reaction from Indian naval forces. According to a naval spokesperson, the Indian warship, engaged in anti-piracy patrol in the Gulf of Aden, swiftly changed course to pursue MV Ruen after it issued a Mayday call via the UKMTO portal, reporting the presence of around six unknown individuals on board. The safety of the 18 crew members aboard MV Ruen remains a top priority, with the Indian Navy coordinating efforts with other agencies and a multi-national force in the area. An official stated, «The overall situation is being closely monitored, and the safety of the crew on board the merchant vessel is paramount.» Both a maritime patrol aircraft and the warship have been deployed to monitor the hijacked vessel's movements.

Chile National Plebiscite 2023: In a democratic spirit and the celebration of civic engagement, Google has adorned its homepage with a vibrant and symbolic doodle to commemorate the Chile National Plebiscite 2023, on December 17, 2023. The doodle, a temporary alteration of the Google logo, serves as a visual tribute to the significance of the plebiscite in Chilean history and its impact on the country's democratic journey. The National Plebiscite in Chile holds immense historical importance, marking pivotal moments in the nation's path towards democracy.

Spanish police say they have arrested 14 workers at one of the country’s main tourist airports on suspicion of stealing items from checked-in luggage

Alex Batty, an 11-year-old boy who was reported missing during a trip to Spain in 2017, has been found in France and will return home to the U.K. in the coming days, authorities said.

A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig.

Also Read: Russian President Vladimir Putin to run for elections, 'as a military leader of a country at war’ India purchased Russian oil at an average price of about $81.24 per barrel in September, according to Reuters' based on the latest data posted on the Trade Ministry's website. India's intake of Russian oil could rise on softening prices, a government official said last week. The price of Russia's flagship grade Ural in Baltic ports has plunged since late November below the $60/barrel ceiling.

₹50 crore over the next decade, aiming to build on its current presence of 32 stores across nine cities and partnerships with eight international brands. This expansion reflects a marked change in India's luxury landscape, noted by co-founders Samir Gadhok and Avani Raheja. India's rapidly growing luxury goods market is projected to hit $8.5 billion in 2023, a significant increase from 2021, as per Euromonitor International.

Narendra Modi on Tuesday took a dig at the Congress party following the conclusion of Income tax officials' raid at MP Dheeraj Sahu's premises in Odisha's Balangir. PM Modi shared a morphed video, created by his Bharatiya Janata Party (BJP) based on the Spanish hit series "Money Heist". PM Modi wrote, "In India, who needs 'Money Heist' fiction when you have the Congress Party, whose heists are legendary for 70 years and counting!".

Earthshot Prize, launched by Prince William to support climate and environmental innovators across the world, plunged into disarray after two of its judges were forced to step down amid legal wrangles. Singer Shakira and footballer Dani Alves have quit as judges for the coveted prize, as per media reports.

during the COP28 summit in Dubai, unblocking a geopolitical deadlock over the next global gathering to address climate change. Two sources familiar with the discussions told Reuters countries in the regional group formally backed Azerbaijan's bid in a meeting on Saturday afternoon. ALSO READ: COP28: OPEC's 'leaked letter' leaves France, Spain 'stunned' and 'disgusted' | Here's why "We're very grateful to all countries in particular to the Eastern European group and the [COP28 summit] host United Arab Emirates for their support," the country's ecology minister Mukhtar Babayev told the COP28 summit.