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Microsoft-Activision deal back on track

A FEDERAL judge handed Microsoft a major victory by declining to block its looming $69-billion takeover of video game company Activision Blizzard. US District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. …

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Europe’s largest casino opens doors in Cyprus

NICOSIA, Cyprus: A new casino resort touted as the largest of its kind in Europe has opened its doors in Cyprus, aiming to transform the east Mediterranean island nation into a year-round destination for luxury tourism, officials said on Tuesday. The 600-million euro ($659-million) City of Dreams Mediterranean is one …

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Fed eyes tighter bank regulation measures

WASHINGTON, D.C.: A senior Federal Reserve (Fed) official has proposed raising capital requirements for large and mid-sized US banks as part of a “comprehensive” series of measures to tighten banking regulation and supervision. The proposals announced on Monday by the Fed’s vice chair for supervision, Michael Barr, cover a wide …

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Hybrid work is here to stay – Envoy CEO

NEW YORK: Larry Gadea, CEO of the workplace platform Envoy, founded his company a decade ago to solve inefficiencies around front desk management. When the Covid-19 pandemic shut down offices, the San Francisco-based company had to adapt fast. HERE TO STAY This undated photo provided by Envoy shows Larry Gadea, …

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Twitter users shifting to Meta’s Threads

NEW YORK: Celebrities, lawmakers, brands and everyday social media users are flocking to Meta’s freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk’s raucous oversight of that platform. Instagram head Adam Mosseri said in a Threads post on Monday …

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HK leads as Asia markets gain

HONG KONG: Hong Kong led gains in most Asian markets on Monday on hopes China has ended its long-running crackdown on the tech sector after imposing huge fines on the fintech affiliates of Alibaba and Tencent. After a yearslong probe, Ant Group was hit with the near $1 billion penalty …

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