Indonesia’s state-owned miner PT Inalum on Friday took control of the local unit of Freeport-McMoRan Inc, operator of the world’s second-biggest copper mine Grasberg, with the closure of a US$3.85 billion deal.
The landmark deal, which hands Inalum a 51.23 per cent stake in PT Freeport Indonesia, ends years of tough and often fractious negotiations over ownership rights to Grasberg as Jakarta pushed for greater control over its mineral wealth.
“Today is a historical moment…
Twitter faces Irish inquiry over data breaches
Twitter’s compliance with the General Data Protection Regulation (GDPR) is being scrutinised in Ireland.
Guidance on tax treatment of cryptoassets for individuals
Gains made by individuals on bitcoins or other cryptoassets will usually be potentially liable to capital gains tax, rather than income tax, according to guidance issued by the UK’s HM Revenue & Customs (HMRC).
Uber fined €400,000 in France over data breach
Uber in France has been hit with a €400,000 fine by the country’s data protection watchdog in response to a major data breach the company experienced in 2016.
Swimming case shows tension between sport and competition law
ANALYSIS: A recent intervention by swimming’s world governing body to disrupt the participation of athletes in a new international swimming league highlights the potential tension between rules for sport and competition law.
European Electronic Communications Code in force
New laws that aim to bring greater harmonisation to the way telecoms companies and markets are regulated in the EU have entered into force.
On hand and foot: Disabled Indonesian child’s ‘school crawl’ becomes a viral sensation
Indonesian schoolchild Mukhlis Abdul Holik begins the long haul to school each day with a knapsack strapped to his back and hands stuffed into a pair of sandals – to guard against road burn.
It is no ordinary trip for the eight-year-old. He has severely deformed feet and legs so tiny that he only reaches up to his classmates’ waists when standing. With his mother in tow, the gap-toothed pupil crawls from his West Java village across rocky paths and an old wooden bridge that he…
FCA bans contractual restrictions on PSD2 access rights
Banks, credit card providers and other account servicing payment service providers (ASPSPs) are prohibited from contractually regulating the rights that third parties enjoy in law to access the payment account data, the UK’s Financial Conduct Authority (FCA) has confirmed.
Philippine lawmaker wants holiday to honour South China Sea ruling in favour of Manila
A Philippine lawmaker has proposed a bill to honour an international court’s ruling in favour of Manila in its maritime dispute with Beijing in the South China Sea, saying the move would boost national pride.
Gary C. Alejano, of the Magdalo Party-List, wants a working holiday to commemorate a verdict in The Hague on July 16, 2016, that concluded that China had no legal basis to claim historic rights to much of the South China Sea, known in the Philippines as the West Philippine Sea….
YouTube star faces defamation charges for insulting dress worn by Miss Universe contestant that Thai princess designed
A Thai YouTube personality is facing defamation charges after making comments about dresses worn by Thailand’s Miss Universe candidate, one of which was designed by a daughter of the country’s king.
The monarchy is considered sacred in Thai society and few dare to criticise the institution for fear of running afoul of strict royal insult laws, which are supposed to only cover the king, queen, heir-apparent and regent. But criticism of other members of the royal family is still…