Category: business
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India Reviews Proposal for Always-On Smartphone Location Tracking Amid Privacy Concerns
India’s government is currently reviewing a proposal from the telecom industry to require smartphone manufacturers to enable always-on satellite location tracking (A-GPS) on devices, a move opposed by major tech companies including Apple, Google, and Samsung due to privacy and security concerns. The proposal has sparked a heated debate over privacy rights in India, following
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France Seeks Three-Month Suspension of Shein Website Over Illegal Products
The French government is seeking a three-month suspension of Chinese online retailer Shein’s website following the discovery of illegal products, including childlike sex dolls and banned weapons, being sold on the platform. Lawyers representing Shein appeared in a Paris court on Friday to respond to the government’s request, which aims to ensure that Shein’s online
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FCC Approves AT&T $1 Billion Purchase of UScellular Spectrum
The Federal Communications Commission (FCC) has approved AT&T’s $1.02 billion acquisition of wireless spectrum licenses from UScellular, a move aimed at expanding network coverage, capacity, and performance across the United States. The decision comes after AT&T confirmed it would end all diversity, equity, and inclusion (DEI) programs, a condition the FCC has increasingly attached to
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Netflix in Exclusive Talks to Acquire Warner Bros Discovery Assets
Netflix is reportedly in exclusive negotiations to acquire key Warner Bros Discovery assets, including its film and television studios and streaming platforms, after making an offer of $28 per share, according to a source familiar with the discussions. The move marks a major strategic pivot for Netflix as it seeks to diversify beyond its traditional
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Codelco and Glencore Partner on Major Chilean Smelter Project
Chile’s state-owned copper producer Codelco (COBRE.UL) has signed an initial agreement with Swiss miner and trader Glencore (GLEN.L) to collaborate on a large-scale copper smelter project in northern Chile. The deal aims to boost Chile’s domestic smelting capacity while providing logistical and strategic advantages for both companies. Key Details of the Codelco-Glencore Agreement Under the
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HSBC’s Long-Term Vision Questioned Following Brendan Nelson’s Permanent Appointment as Chairman
HSBC (HSBA.L) has officially appointed Brendan Nelson as chairman on a permanent basis, raising questions among analysts, investors, and corporate governance experts about the bank’s long-term strategy and succession planning. Nelson’s elevation from interim chairman comes after a prolonged search for an external candidate, generating debate over HSBC’s leadership continuity and strategic direction. Succession Planning
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Amazon Considers Ending Partnership with USPS to Expand Delivery Network
Amazon (AMZN.O) is reportedly exploring plans to cut ties with the U.S. Postal Service (USPS) as it seeks to expand its own nationwide delivery network, according to the Washington Post. If finalized, this move could significantly impact USPS’s finances and reshape how e-commerce deliveries are handled in the United States. Amazon’s Reliance on USPS For
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Rio Tinto Plans Up to $10 Billion in Divestments as CEO Outlines Strategy for Growth and Productivity
Rio Tinto Eyes $10 Billion in Asset Sales Amid Strategic Overhaul Melbourne/London, December 4, 2025 – Rio Tinto (ASX: RIO, LSE: RIO), the world’s largest iron ore miner, announced plans to streamline its operations and focus on productivity improvements during its first strategy day under CEO Simon Trott. The mining giant revealed that it could
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UK Businesses Plan Job Cuts but Maintain Price Increases, Bank of England Survey Shows
London, United Kingdom – British firms are preparing to reduce staff numbers while maintaining price increases at rates similar to previous expectations, according to a recent survey by the Bank of England (BoE). The survey of more than 2,000 companies was conducted between November 7 and November 21, 2025, prior to Finance Minister Rachel Reeves’
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Philips Shares Plunge Over 7% After Management Lowers Growth Expectations
Amsterdam, Netherlands / Milan, Italy – Shares of Philips (PHG.AS) dropped by over 7% on Thursday, marking their largest single-day decline in nearly 10 months, following comments from the Dutch health technology company that tempered investor expectations for future growth. The fall comes after Philips’ CEO Roy Jakobs addressed investors at Citi’s Global Healthcare Conference,
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