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Warner Brothers Discovery explores merger: report
Warner Brothers Discovery explores merger: report
by  AFP

Warner Brothers Discovery shares slid more than 5 percent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global. Warner Brothers Discovery had a market value of about $28.4 billion based on its closing share price Wednesday -- more than double the roughly $10.3 billion valuation of Paramount Global based on its closing share price.

US electric scooter company Bird files for bankruptcy
US electric scooter company Bird files for bankruptcy
by  AFP

US electric scooter rental company Bird announced Wednesday that it filed for bankruptcy protection as the once-hot startup reorganizes itself. Bird was part of a generation of scooter companies that grew fast in the late 2010s.

EU strikes budget reform deal after two-year wrangle
EU strikes budget reform deal after two-year wrangle
by  AFP

The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences. Dutch minister Sigrid Kaag said: "This agreement provides for fiscal rules that encourage reforms, with room for investments and tailored to the specific situation of the member state in question.

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