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19848 articles published since 08 Mar 2022

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EU backs Microsoft's Activision Blizzard takeover
EU backs Microsoft's Activision Blizzard takeover
Business and Economy

The EU on Monday gave the green light to Microsoft's $69-billion takeover bid for US video game giant Activision Blizzard, just weeks after the British competition regulator blocked the deal, putting it at risk. The CMA blocked the bid over concerns it could kill competition in the fast-growing cloud gaming market, and lead to less choice for British gamers in the future.

Ikea vows lower prices as it boosts investments
Ikea vows lower prices as it boosts investments
Business and Economy

Ikea plans to invest more than $1 billion in France after announcing a US expansion, and the Swedish furniture giant will cut prices as inflation eases, the head of its holding company told AFP. The group unveiled last month plans to spend more than two billion euros ($2.2 billion) to expand in the United States, creating 2,000 jobs in its biggest investment in almost four decades in the country.

Europe resists energy crunch, boosting growth forecast
Europe resists energy crunch, boosting growth forecast
Business and Economy

Europe's economy rode out the energy price crisis triggered by Russia's war on Ukraine with better than expected economic growth, Brussels said Monday, as it boosted its forecast. Europe's better than expected results have been explained by energy prices falling quickly from their peaks after big gas exporter Russia launched a war against EU candidate Ukraine.

Vice Media files for bankruptcy protection
Vice Media files for bankruptcy protection
Business and Economy

Vice Media, once the darling of the digital news media world, said Monday it had filed for Chapter 11 bankruptcy protection to facilitate its sale. "To facilitate the sale, Vice has filed voluntary petitions for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York," it said in a statement.

Asian markets struggle as focus turns to US debt talks
Asian markets struggle as focus turns to US debt talks
Business and Economy

Asian markets mostly fell Monday as investors kept a wary eye on the talks to raise the US debt limit to avert a "catastrophic" default. Deputy Treasury Secretary Wally Adeyemo told CNN on Sunday: "If Congress failed to raise the debt limit by the time of default, we would go into a recession and it'd be catastrophic.

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