Dream Sports is reportedly one of the rare unicorns in India making a profit. Harsh Jain and Bhavit Sheth say their company has been in the green since 2020.
Category: Worldwide
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Asia markets fall as Japan’s core inflation marks highest in over 40 years
Asia-Pacific shares traded lower, following Wall Street’s losses as investors looked ahead to some economic data in the region.
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China is about to get tougher on deepfakes in an unprecedented way. Here’s what the rules mean
In January, China will introduce first-of-its-kind regulation around “deepfakes” as Beijing ramps up its control over internet content.
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Jan. 6 House committee releases final report on Trump Capitol riot investigation
The Jan. 6 panel voted this week to refer Trump to the DOJ for possible prosecution over efforts to overturn his election loss to President Joe Biden.
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Microsoft responds to FTC case seeking to block Activision Blizzard deal, saying it wouldn’t hurt competition
Microsoft said for the third largest console maker to be buying a major gaming franchise would’t overturn a competitive market. U.S. regulators don’t agree.
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FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
Former FTX CEO Sam Bankman-Fried will be released on $250 million bail, a federal judge said, as part of a deal between defense attorneys and prosecutors.
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Chad strikes a debt deal under the G20 Common Framework
Chad became the first country to agree to a deal with its creditors, including Swiss commodity house Glencore, under the G20 Common Framework — designed to provide debt relief to developing nations. Reuters was also first to report confirmation of the agreement and exclusively sketched out rare criticism from World Bank President David Malpass. Progress...
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Ethiopia debt relief delay partly due to civil war, state finance minister says
Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring under the Group of...
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Rotavirus childhood vaccine shortage hits four African countries
[vc_row][vc_column][vc_column_text] Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious infection, which is the...
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Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil
Coca-Cola’s estimated $3 billion initial public offering for its African bottling unit will likely take place in the third quarter, after market turmoil linked to the war in Ukraine upset plans to list earlier. The flotation of Coca-Cola Beverages Africa would be the biggest on the Johannesburg Stock Exchange since at least 2016 and a...