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Exclusive: Indian automakers offer import duty reduction as part of trade deal with Britain

Exclusive: Indian automakers offer import duty reduction as part of trade deal with Britain

Automakers propose 30% tax cuts over a decade – sources India has some of the highest import taxes of 60% to 100% on cars Government wants companies to lower barriers to entry – sources Companies fear it will set a precedent for talks with European sources NEW DELHI, Oct 7 (Reuters) – Indian carmakers have …

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Samsung's profits plummet due to rapidly declining chip demand

Samsung’s profits plummet due to rapidly declining chip demand

Samsung estimates Q3 profit at 10.8 trillion won, down 32% year on year Memory chip market conditions deteriorated rapidly High-end phones demand a more resilient analyst SEOUL, Oct 7 (Reuters) – Samsung Electronics Co Ltd (005930.KS) reported a worse-than-expected 32% drop in quarterly operating profit on Friday as an economic slowdown reduced demand for electronics …

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Ukrainian forces break through Russian defenses to the south and advance to the east

Ukrainian forces break through Russian defenses to the south and advance to the east

Ukraine advances in two of the four regions annexed by Russia Takeover of Lyman’s strategic hub improves access to Donbass Elon Musk’s proposal to end the war draws condemnation from Ukraine Ukraine says it disabled 31 Russian tanks in the south SVIATOHIRSK/kyiv, Oct 4 (Reuters) – Ukrainian forces have broken through Russian defenses in the …

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Pakistani hospital overwhelmed as waterborne diseases spread

Pakistani hospital overwhelmed as waterborne diseases spread

Sehwan hospital in southern Pakistan is overwhelmed Patients flock from flood-affected areas Thousands of people suffer from waterborne diseases WHO warns of ‘second disaster’ after catastrophic floods SEHWAN, Pakistan, Oct 3 (Reuters) – The emergency department at the main government hospital in Sehwan, a small town in southern Pakistan, is overwhelmed. On a recent visit, …

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Exclusive: Europe prepares for mobile network outages

Exclusive: Europe prepares for mobile network outages

PARIS/STOCKHOLM/MILAN, Sept 29 (Reuters) – Once unthinkable, mobile phones could die out this winter in Europe if power cuts or energy rationing disrupt parts of mobile networks in the region. Russia’s decision to cut off gas supplies via Europe’s key supply route following the conflict in Ukraine has increased the risk of power shortages. In …

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Wall Street ends sharply higher as Treasury yields fall

Wall Street ends sharply higher as Treasury yields fall

Apple drops concerns over iPhone demand Treasury prices rebound after BoE decision S&P 500 posts biggest one-day gain since Aug. 10 Indices: Dow +1.88%, S&P 500 +1.97%, Nasdaq +2.05% Sept 28 (Reuters) – Wall Street ended sharply higher on Wednesday after its recent selloff, helped by falling Treasury yields, while Apple fell on concerns over …

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Exclusive: Brands blast Twitter for ads next to child porn accounts

Exclusive: Brands blast Twitter for ads next to child porn accounts

Sep 28 (Reuters) – Some big advertisers, including Dyson, Mazda and chemical company Ecolab, have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appear alongside tweets soliciting child pornography , the companies told Reuters. Ads for at least 30 brands, ranging from Walt Disney Co (DIS.N), Comcast Corp’s …

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Protests in Iran spread, death toll rises as internet is restricted

Protests in Iran spread, death toll rises as internet is restricted

Unrest has swept Iran since the death of a young woman in custody At least eight people were killed Restricted access to Instagram, WhatsApp, internet partially cut off Social media video shows protests spreading across Iran DUBAI, September 21 (Reuters) – Iranian authorities and a Kurdish rights group reported a rise in the death toll …

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