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    Profits at India’s Reliance fall on Covid impact

    Agence France-Presse . Mumbai | Updated at 10:17pm on July 24, 2021

    Profits at Indian conglomerate Reliance Industries dropped sharply between April and June this year, the company said on Friday, as Asia’s third-largest economy battled a...

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    German property giants’ 19b-euro merger set to fail

    Agence France-Presse . Frankfurt | Updated at 10:16pm on July 24, 2021

    Germany’s top property group Vonovia said on Friday that its 19billioneuro takeover bid of Deutsche Wohnen would probably collapse because of insufficient interest from shareholders....

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    Britons splash lockdown cash on dining, gardens, pets

    Agence France-Presse . London | Updated at 10:15pm on July 24, 2021

    Britons splashed lockdown cash in the second quarter as coronavirus restrictions eased, splurging on going out, gardening, holidays and pampered pets, lender Nationwide said on...

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    Can Facebook’s $1b gamble help it regain lost cool?

    Agence France-Presse . Paris | Updated at 10:14pm on July 24, 2021

    Like internet personalities the world over, Kenyan TikTok comedian Mark Mwas was intrigued when Facebook announced a $1 billion plan to pay content creators like...

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    Tencent ordered to give up exclusive music rights in antitrust crackdown

    Agence France-Presse . Beijing | Updated at 10:12pm on July 24, 2021

    Chinese tech giant Tencent must relinquish its exclusive music label rights, the market regulator said on Saturday, after finding that the firm had violated antitrust...

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    US to hit debt limit on Aug 1, Yellen warns

    Agence France-Presse . Washington | Updated at 10:10pm on July 24, 2021

    The US government will hit the federal borrowing limit on August 1, forcing officials to take ‘extraordinary measures’ until lawmakers increase the level, treasury secretary...

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    Momen becomes BRAC Bank DMD

    Business Desk | Updated at 10:07pm on July 24, 2021

    BRAC Bank has promoted its SME banking division head Syed Abdul Momen as the deputy managing director, a press release said. Momen joined BRAC Bank...

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    ECB lifts Covid-era curbs on banks’ dividends

    Agence France-Presse . Frankfurt | Updated at 10:07pm on July 24, 2021

    The European Central Bank said on Friday that it would end pandemic-era restrictions on banks’ payouts to shareholders but urged eurozone lenders to ‘remain prudent’....