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Asian markets rise after Wall St record; eyes on China
Equities mostly rose in Asian trade on Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China’s economy.Seoul’s Kospi pushed higher for a third straight day, eating further into the losses …
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Korean Air buys majority stake in rival Asiana Airlines
South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions.With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, “making Asiana …
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Australia to force tech titans to pay for news shared on platforms
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online.Australia wants big tech …
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