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Nvidia preparing to walk away from Arm acquisition

Nvidia Corporation is preparing to abandon its purchase of Arm Ltd from SoftBank Group Corporation after offering about $40 billion for the British company in 2020, Blo

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Microsoft in talks to buy AI firm Nuance Communications

NEW YORK, NY - MARCH 13: A signage of Microsoft is seen on March 13, 2020 in New York City. Co-founder and former CEO of Microsoft Bill Gates steps down from Microsoft board to spend more time on

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Visa, Plaid call off $5.3-bln deal

A visa logo is seen at an exhibition in Shanghai, China. /CFP Visa Inc. and financial technology company Plaid Inc. said on Tuesday that they would terminate their $5.3-billion merger agreemen

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On-demand grocery startup Instashop acquired by Delivery Hero for $360M — Greece’s biggest tech exit yet

Instashop, the Greece-headquartered on-demand grocery business, is being acquired by Delivery Hero for $360 million — thought to be the country’s biggest tech exit yet.The strategy behind

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AIIB offers better access to affordable capital to African members

The Asian Infrastructure Investment Bank (AIIB) offers better access to affordable capital and infrastructure expertise to its growing list of African member countries, an Ethiopian expert said on T

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AIIB offers better access to affordable capital to African members

The Asian Infrastructure Investment Bank (AIIB) offers better access to affordable capital and infrastructure expertise to its growing list of African member countries, an Ethiopian expert said on T

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Carlyle buys 20% stake in Piramal Pharma businesses

U.S.-based Carlyle Group Inc has agreed to buy a 20-percent stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about 490 million U.S. dollars, the companies said i

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COVID-19 impact on China's property market is limited

02:18 Spring is blossoming in Beijing, and people are gradually returning to work – the city is almost back to normal. But the impact of months of containment measures still remains.In

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Europe sends medical goods to Iran in trade test

European countries have exported medical goods to Iran in the first transaction conducted under a trade mechanism set up to evade American sanctions on Tehran, the German Foreign Ministry said in a s

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PepsiCo buys Chinese snack brand Be & Cheery for $705 million

VCG PepsiCo Inc has agreed to buy Chinese snack brand Be Cheery from local jujube maker Haoxiangni Health Food Co Ltd for 705 million U.S. dollars, the companies said.The U.S. multinational fo

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China facilitates foreign exchange risk management in interbank bond market

China further facilitated overseas institutional investors to manage foreign exchange risks in the interbank bond market, according to the State Administration of Foreign Exchange. Overseas non-bank

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China facilitates foreign exchange risk management in interbank bond market

China further facilitated overseas institutional investors to manage foreign exchange risks in the interbank bond market, according to the State Administration of Foreign Exchange. Overseas non-bank

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China's futures market sees over 30-pct growth in deals

China's futures market mushroomed in 2019 with an over 30-percent year-on-year growth in deals, industry data showed. The total transaction of the futures markets across the country jumped 37.85 perc

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Bitcoin is no longer accepted at gaming store Steam

TheriseandriseofBitcoinmightmakesomepeoplericher,butit'sbeenaheadacheforcompaniesthatacceptit.Steam,thegamingdigitaldistributionserviceownedbyValve,willnolonger

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Internet titans’ ambition for a cashless China

“In five years, we will make most of the cities cashless societies in China. Hangzhou, my city, is already a cashless society, almost,” Jack Ma, founder and executive chairman of China’s e-commerce giant Alibaba Group, made an ambitious claim during the group’s Gateway 17 Conference in Detroit in June.

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Internet titans’ ambition for a cashless China

“Infiveyears,wewillmakemostofthecitiescashlesssocietiesinChina.Hangzhou,mycity,isalreadyacashlesssociety,almost,”JackMa,founderandexecutivechairmanofChina’se-co