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EU clears US chipmaker Broadcom's $61 bn VMware takeover
EU clears US chipmaker Broadcom's $61 bn VMware takeover
by  AFP

The European Commission approved US chipmaker Broadcom's planned $61-billion takeover of cloud computing firm VMware on Wednesday after the company offered remedies to ease competition concerns. The commission concluded that "the proposed acquisition, as modified by the commitments, would no longer raise competition concerns".

UK lenders 'can withstand major shock'
UK lenders 'can withstand major shock'
by  AFP

Britain's top lenders have passed stress tests to show they can withstand a major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

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