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India considers banning news identified as ‘fake’ by govt on social media

NEW DELHI (Reuters) – India’s government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country’s IT rules released this week. This is the latest in a slew of measures by Prime Minister Narendra Modi’s government that are being seen as efforts …

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Spotify joins media firms to urge EU action against Apple’s ‘unfair’ practices

(Reuters) – Music streaming service Spotify Technology, along with other media firms such as Deezer, urged the European Commission to take action against Apple Inc for anticompetitive and unfair practices, in a joint industry letter on Wednesday. The letter, addressed to the European Union antitrust regulator’s Executive Vice-President Margrethe Vestager, demanded the Commission to act …

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Pacific islands urge Japan to delay release of Fukushima waste over contamination fears

SYDNEY (Reuters) -Pacific island nations are urging Japan to delay the release of water from the destroyed Fukushima nuclear power plant over fears fisheries will be contaminated, the Pacific Island Forum (PIF) said on Wednesday. The Japanese government said last week that water from the destroyed Fukushima nuclear power plant could be released into the …

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Explainer-Jim Ratcliffe: who is the INEOS founder bidding for Manchester United?

By Manasi Pathak (Reuters) – INEOS, the company owned by Jim Ratcliffe, a British billionaire and long-time Manchester United fan, has formally entered the bidding process to buy the Premier League soccer club. WHO IS JIM RATCLIFFE AND WHAT IS HIS NET WORTH? Jim Ratcliffe, 70, was born in Failsworth in Greater Manchester. He founded …

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Soccer-Who could buy Manchester United and how much is it worth?

(Reuters) – Jim Ratcliffe’s company INEOS formally entered the bidding process to buy Manchester United on Tuesday, months after the club owners, the Glazer family, said they were considering selling the club as they explore “strategic alternatives”. If the Glazers decided to follow through with a sale of the Premier League club, here are some …

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U.S. Senate panel to hold Jan. 24 hearing on ticket industry issues

By David Shepardson WASHINGTON (Reuters) – A U.S. Senate committee will hold a hearing on Jan. 24 on the lack of competition in the ticketing industry after Ticketmaster’s problems managing the sale of Taylor Swift concert tickets. The Senate Judiciary Committee hearing is titled “That’s The Ticket: Promoting Competition and Protecting Consumers in Live Entertainment.” …

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U.S. dollar advances vs major currencies as risk appetite fades

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the defensive amid hawkish comments from U.S. Federal Reserve officials that suggested more interest rate increases are likely to tame inflation. Analysts, however, remained convinced that the …

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