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EU accuses Meta and TikTok of breaching transparency rules

BRUSSELS (AP) — The European Union on Friday said Meta and TitTok had breached their transparency obligations after an investigation that could result in billions of dollars in fines. The inquiry found both companies had violated the Digital Services Act, the EU’s trailblazing digital rule ...
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Deckers shares sink as tariffs, economic uncertainty weigh on demand

(Reuters) -Shares of Deckers Outdoor slumped 11% before the bell on Friday after the footwear maker’s downbeat annual sales forecast, as economic uncertainty and tariff costs dent demand for its shoes in the U.S. The maker of Hoka sneakers and UGG boots is feeling the ...
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Wall St futures rise on Intel boost ahead of inflation test

(Reuters) -Futures tracking the S&P 500 and the Nasdaq inched up on Friday, fueled by Intel’s earnings and as investors braced for a high-stakes inflation report that could potentially jolt the U.S. interest rate path. Intel shares jumped 8.4% in premarket trade after the chip ...
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Explainer-Why are corn and soybeans at the heart of India-U.S. trade talks?

By Mayank Bhardwaj NEW DELHI (Reuters) -U.S. President Donald Trump said this week he spoke with Indian Prime Minister Narendra Modi mainly about trade, and that Modi had assured him India would limit its oil purchases from Russia. After the United States sanctioned Russia’s top oil ...
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Fed to hand banks a win with proposed ‘stress test’ overhaul

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is poised to unveil an overhaul of its annual “stress tests” of large banks, handing the industry a long-sought win over an exercise they have long complained is opaque and onerous. The Fed is set to meet ...
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Euro zone business activity growth accelerates as demand jumps, PMI shows

LONDON (Reuters) -Euro zone business activity unexpectedly grew at a faster pace in October as companies received new orders at the quickest rate in two-and-a-half years, suggesting the bloc’s economy gained momentum at the start of the final quarter, a survey showed on Friday. The ...
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What to know about Argentina’s midterm vote, a pivotal test for Trump ally President Milei

BUENOS AIRES, Argentina (AP) — Anyone who watched U.S. President Donald Trump vow to condition financial aid to cash-strapped Argentina on the outcome of a “very big” and “very important” vote in the South American country would be forgiven for thinking that his close ...
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China’s next 5-year plan puts focus on tech and consumers as trade wars drag on economy

HONG KONG (AP) — China’s leaders are vowing to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the U.S. An outline of the ruling Communist Party’s blueprint for the next five ...
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ANZ’s former CEO says bank was justified in sacking trader

By Scott Murdoch SYDNEY (Reuters) -Former Australia and New Zealand Banking Group Chief Executive Shayne Elliott said on Friday the bank was justified in sacking a former trader accused of breaking ANZ’s code of conduct by sending inappropriate messages at work. Former ANZ trader Etienne ...
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Pressure grows on Europe to act on Chinese import surge

By Maria Martinez, Helen Reid and Philip Blenkinsop BERLIN (Reuters) -A century-old tyre retreading firm based in a small town north of Hamburg in Germany kept British occupation trucks rolling after World War Two. Now it deals with newcomers of a different kind: heavily discounted ...
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Signify dims sales forecast as soft US demand hits professional lighting unit

By Leo Marchandon and Jerome Terroy (Reuters) -Signify, the world’s biggest lights maker, reported a steeper than expected 8.4% drop in third-quarter sales and lowered its full-year guidance on Friday, hit by falling demand from commercial and public sector clients in the United States. The Dutch ...
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Gold funds saw record weekly inflow as prices surged

LONDON (Reuters) -Gold funds received their largest weekly inflow on record in the week to Wednesday, Bank of America Global Research said in a note citing EPFR data, a week in which the precious metal’s price surged to a new record, before retreating sharply. Gold funds ...
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