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Telegram CEO Hits Back at French Charges
The tech entrepreneur denied the platform refused to cooperate with European authorities to counter illegal content and said it removes millions of posts every day.
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Google Might Have Breached Competition Law Over Digital Ads, U.K. Watchdog Says
U.K. antitrust officials said Alphabet’s Google might be stifling competition by favoring its own ad tech services that publishers and advertisers use to bid for and sell advertising space.
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German Recession Fears Mount as Industry Weakens Again
The long slide in German factory output continued in July, increasing the risk that the eurozone’s largest economy is sliding into a second straight quarter of contraction.
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German Trade Surplus Narrows on Strong Imports Growth
Germany’s trade balance narrowed in July as imports rose 5.4%, outpacing exports which still rose more sharply than expected.
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Court Blocks Sale of Raiffeisen’s Russia Unit
Raiffeisen Bank said a Russian court blocked it from selling shares in its business in the country, dealing a blow to the Austrian lender’s plan to offload a controlling stake in the unit.
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Markets Look to Position for Weak U.S. Payrolls Print
U.S. payrolls data are awaited as markets look to trade for a weak print, while good data are expected to make Treasury yields bounce, ING said.