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UPDATE 1-Delivery service firm Takeaway's quarterly orders surge on acquisitions

Dutch online food delivery company Takeaway.com reported an 87% increase in third-quarter orders on Wednesday, driven by organic growth and acquisitions. The company processed 41.6 million orders across its markets in the period, supported by strong sales in Germany where it completed the acquisition of the local arm of the world’s biggest online food delivery firm, Delivery Hero, in April. Most players, excluding Britain’s Just Eat, are yet to produce profits as they spend heavily on marketing and acquisitions. …read more […]

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NBA fans in China seek refund from Tencent as streaming suspended

Some Chinese National Basketball Association (NBA) fans have asked for streaming subscription refunds from exclusive service provider Tencent amid a deepening free speech row, a move that could cause the tech giant financial pain. Tencent Holdings renewed its exclusive digital partnership with the NBA in July, securing rights to stream U.S. games in China, a market with an estimated 500 million fans. Tencent halted broadcasting games involving the Rockets over the weekend and later said it would stop broadcasting the entire preseason after NBA commissioner Adam Silver voiced his support for Morey’s “freedom of political expression” on Tuesday. …read more […]

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Sensex, Nifty flat as investors eye second-quarter results; Yes Bank, Titan drop

Indian shares were largely unchanged on Wednesday, as global equities took a beating after U.S.-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results. Broader Asian peers fell the most in a week as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. The negotiations, which have been the global markets’ most important catalyst for months, have weighed on investor sentiment. …read more […]

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Gamers Call for Boycott of Blizzard After Hong Kong Protest Ban

(Bloomberg) — Activision Blizzard Inc. is facing a fierce backlash and calls for a boycott after a unit of the American game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the U.S. and China.Blizzard Entertainment banned Ng Wai Chung, known as Blitzchung, from its Grandmasters esports competition for a year and withheld prize money he had already won after he used a slogan from Hong Kong’s pro-democracy movement. Players and fans around the world immediately responded with outrage over what they view as heavy-handed punishment and kowtowing to Chinese censorship.“I will never play …read more […]

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Thai central bank says needed to keep policy space for future risks – minutes

Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday. The Bank of Thailand (BOT) remains worried about the impact of the strength of the baht on Southeast Asia’s second-largest economy and will consider implementing additional measures as needed, according to minutes of its Sept. 25. The baht is Asia’s best performing currency so far this year, up 7.3% against the U.S. dollar, driven by Thailand’s hefty current account surplus and fund inflows. …read more […]