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NBA signs 11-year media deals worth reported $76 bn
NBA signs 11-year media deals worth reported $76 bn
Business and Economy
by  AFP

The NBA announced 11-year global media rights deals with The Walt Disney Company, NBCUniversal and Amazon on Wednesday worth a reported $76 billion and running from the 2025-26 through 2035-36 season. Even though no financial details were officially revealed, ESPN, The Wall Street Journal and Forbes magazine have reported the $76 billion combined figure for the deals.

Bank of Canada lowers key lending rate to 4.5%
Bank of Canada lowers key lending rate to 4.5%
Business and Economy
by  AFP

Canada's central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation. After an unexpected upturn in May, Canada's annual inflation rate slowed to 2.7 percent year-on-year in June, the bank said, paving the way for Wednesday's rate cut.