Business

It's the end of an era for the Danish post office. Citing a 90 percent drop in letter-sending over the past quarter-century, PostNord has ended delivering paper letters in the country, a service first started in 1624. Plus, France is set to issue €310 billion in new sovereign bonds next year, a move that's set to complicate its effort to reduce its debt pile, which already stands at over 117 percent of GDP. 

China's cyberspace administration has issued new draft rules aiming to regulate how AI chatbots can affect users' emotional wellbeing. The proposed measures come amid a surge in new AI chatbots in the country and concerns over how they can affect minors' mental health. Also in this edition: Australians buy metal detectors in droves in the hope of prospecting gold. Plus, Beyoncé joins Forbes' billionaire club.

Iran's state TV says the country's central bank chief Mohammad Reza Farzin has stepped down, as the country faces growing protests over the high cost of living. The move comes after the Iranian rial plummeted to a record low against the dollar on Sunday. The central bank has been accused of printing too much money in an effort to shore up the currency, but instead pushing the nation on the verge of hyperinflation. Also in the segment: the price of silver briefly hits a record high. 

Over a month after announcing a massive data breach affecting 34 million of its users, South Korean e-commerce company Coupang announced this Monday it would offer 1.69 trillion won in compensation (around €1 billion) to customers in the form of vouchers. Also in this edition, former EU digital chief Thierry Breton gives his first interview since being sanctioned by the US. Plus, Nokia's archived mobile design plans are now open to the public.

London-based energy giant BP announced on Wednesday it was appointing Meg O'Neill as CEO starting on April 1. The executive, who has been at the head of Australian group Woodside Energy for the past four years, is expected to focus her efforts on the company's core oil and gas activities in a bid to catch up with rivals. Also in this edition: YouTube gains the rights to broadcast the Oscars ceremony starting in 2029, underlining streaming's increasing power in Hollywood. 

Warner Brothers Discovery has rejected Paramount Skydance's hostile takeover bid, saying it carries many risks and is inferior to Netflix's offer. The company's board said the Ellison family that controls Paramount "consistently misled" them about guarantees as it urged shareholders not to sell their stocks. Plus, as oil prices rise following US President Donald Trump's order to blockade oil tankers in and out of Venezuela, we take a look at just how central oil is to the South American country's economy. 

Crude benchmarks were rising on Wednesday after US President Donald Trump said the US would put a stop to any traffic of sanctioned oil tankers in and out of Venezuela. The country's oil revenue is a lifeline for the Maduro government, which now mainly sells its barrels to China. Also in this edition: Warner Bros. Discovery is reportedly telling its shareholders to reject a takeover bid from Paramount Skydance. Plus: FIFA offers $60 tickets for the 2026 World Cup amid criticism over high prices.

The European Union has proposed changes to a 2023 law that effectively banned the sale of new internal combustion engine cars from 2035. Instead of cutting CO2 emissions by 100 percent from 2021 levels, carmakers would be required to reduce them by 90 percent, meaning small-scale production of petrol or hybrid cars could continue. The auto industry and some member states had been lobbying hard to get the rules relaxed in the face of slow market growth for EVs. 

Ford is abandoning top EV models like the F-150 Lightning as weak demand and hostile policies from the Trump administration weigh on sales. We take a closer look. Also in this edition: the EU prepares to water down its own upcoming ban on sales of new internal combustion vehicles, while France tries to support its own EV battery sector.

Despite logging a record trade surplus, economic data for November showed China's domestic woes are deepening. Retail sales grew at their slowest pace in three years and investment slowed sharply, signalling that Chinese consumers and businesses are becoming increasingly cautious. Plus, Roomba maker iRobot has filed for bankruptcy after struggling with competition, debt, tariffs and Amazon's buyout offer later being called off. It's now being taken private by its main Chinese supplier.