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Turkish antitrust authority ends Meta probe over Threads data-sharing

ISTANBUL (Reuters) – Turkey’s competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram. Commitments presented by the company to address competition concerns are sufficient and hence the authority decided to end the investigation, it said in a statement. As …

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Korean party spokesperson who grappled with martial law soldier insists she is not special

By Jisoo Kim and Daewoung Kim SEOUL (Reuters) – A South Korean party spokesperson seen grappling with a rifle-wielding soldier in a video that went viral as a symbol of defiance against martial law insisted on Thursday that she was not especially brave. President Yoon Suk Yeol was forced to abandon his declaration of martial …

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Kroger tops sales estimates on higher demand for fresh, cheaper groceries

By Ananya Mariam Rajesh (Reuters) -Kroger topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online. The U.S. grocer, which competes with retail giants such as Walmart and Amazon.com, has been ramping up its e-commerce investments to keep …

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Southwest Airlines, American lift forecasts as holiday travel takes off

By Nathan Gomes and Utkarsh Shetti (Reuters) – U.S. carriers Southwest Airlines and American Airlines lifted their fourth-quarter forecasts on Thursday, betting on buoyant domestic travel demand during the holiday season and improved pricing. Shares of the airlines rose in morning trading and lifted their peers, with the S&P 1500 airlines sub-index hitting its highest …

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Volkwagen’s German plants must get more efficient, CFO says

By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group’s dividends would fall in line with earnings. “Today, our German plants are not competitive. Without improving their efficiency and performance, we cannot maintain current …

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Mersen delays targets by two years on weak materials demand for EVs

By Nathan Vifflin and Anna Peverieri (Reuters) -Mersen pushed back its financial targets until 2029 on Thursday due to a temporary slowdown in the electric vehicle and silicon carbide semiconductor markets. Many chipmakers exposed to silicon carbide, a more efficient semiconductor material used to increase the range of EVs, have recently cut or delayed their …

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Pakistan’s Imran Khan indicted on charges of inciting attacks against military

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s former Prime Minister Imran Khan was indicted on Thursday on charges of inciting attacks against the military, a case stemming from deadly anti-government rallies led by his party last year. The indictment was the latest in dozens of cases against the 72-year-old former cricket star turned politician, who …

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Canada’s trade deficit narrows in October, surplus with the U.S. shrinks

By Promit Mukherjee OTTAWA (Reuters) -Canada recorded in October a bigger-than-expected trade deficit with the world and its surplus with top trading partner the United States fell to its lowest this year, data showed on Thursday. U.S. President-elect Donald Trump has long complained about the U.S. trade deficit with Canada and last month threatened tariffs …

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