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Paramount counters Netflix with hostile bid for Warner Bros
Paramount counters Netflix with hostile bid for Warner Bros
by  AFP

Paramount launched an all-cash tender offer Monday to acquire Warner Bros. Trump weighed in on Sunday, saying Netflix's effort to acquire Warner Bros. "could be a problem" as it would be left with a huge market share of the film and TV industry.

Meta to allow European users to share less data: EU
Meta to allow European users to share less data: EU
by  AFP

Meta will allow European users of Facebook and Instagram to share less data and see fewer personalised ads after it was fined for breaking EU digital rules, Brussels said Monday. Under the system, which has been vehemently criticised by rights groups, users have to pay to avoid data collection, or agree to share their data with Facebook and Instagram to keep using the platforms for free.

Asian stocks stagger as traders prepare for expected US rate cut
Asian stocks stagger as traders prepare for expected US rate cut
by  AFP

Asian equities drifted Monday as investors gear up for an expected US interest rate cut this week, with debate centring on the likelihood the Federal Reserve will continue easing monetary policy further into the new year. The data did little to move the needle on rate expectations but showed that it remains stubbornly above officials' target.