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Pound hits record low versus dollar, markets drop on recession fears
Pound hits record low versus dollar, markets drop on recession fears
by  AFP

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget. It then extended the losses Monday to an all-time low of $1.0350 in Asian trade after he said he intended to unveil further reductions, despite his budget causing ructions on London's markets.

Netflix and Disney poised to shake up TV ad world
Netflix and Disney poised to shake up TV ad world
by  AFP

With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix is expected to launch an ad-supported subscription tier in early November, about a month before rival Disney+ does the same, according to US media reports.

Huge fire destroys warehouse at giant Paris wholesale market
Huge fire destroys warehouse at giant Paris wholesale market
by  AFP

A major blaze swept through part of one of the world's biggest fresh produce markets on the outskirts of Paris on Sunday. "When a market operator is the victim of a tragedy of this nature, the whole market is struck at its heart", Rungis market head Stephane Layani said. aje-leo/pga/lcm/bp

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