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India’s Bharti Airtel prepays $1 billion to partly clear 2015 spectrum dues

BENGALURU (Reuters) – Bharti Airtel has prepaid 83.25 billion rupees ($1.00 billion) to the Indian government’s telecom department to partly clear deferred liabilities for airwaves it acquired in a 2015 auction, it said late on Tuesday. The payment had an interest rate of 10%, India’s second-biggest telecom services operator by subscribers said in an exchange …

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US FDA seeks ‘boxed warning’ for CAR-T cancer therapies

By Gnaneshwar Rajan and Gursimran Mehar (Reuters) -The U.S. health regulator said on Monday companies will be required to add a serious warning on the prescribing information for cancer therapies known as CAR-T, made by Gilead Sciences, Johnson & Johnson, Novartis and others. The other cancer therapies include Bristol Myers Squibb’s Breyanzi and its partnered …

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Computer parts maker Logitech targets ‘gradual’ return to sales growth

By John Revill (Reuters) -Logitech International’s new CEO is targeting a return to revenue growth after the computer peripherals maker on Tuesday raised its full year sales and profit guidance. Hanneke Faber, a former Unilever executive, who took charge at the computer mice, keyboard and webcam maker in December, said she was now aiming for …

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Israeli troops suffer worst Gaza losses, encircle Khan Younis

By Arafat Barbakh, Nidal al-Mughrabi and Emily Rose GAZA/JERUSALEM (Reuters) -Twenty-four Israeli soldiers were killed in Israel’s worst day of losses in Gaza, the military said on Tuesday, as its forces encircled southern Gaza’s main city, trapping Palestinian residents trying to flee. Spokesman Rear Admiral Daniel Hagari said 21 soldiers were killed when two buildings …

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Latest strikes on Yemen’s Houthis destroyed intended targets, UK says

By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -U.S. and British forces carried out a new round of strikes on Monday in Yemen, targeting a Houthi underground storage site as well as missile and surveillance capabilities used by the Iran-aligned group against Red Sea shipping, the Pentagon said. The Houthis, who control the most populous …

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BOJ signals conviction on hitting inflation goal in hawkish tilt, stands pat for now

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary settings on Tuesday but signalled its growing conviction that conditions for phasing out its huge stimulus were falling into place, suggesting that an end to negative interest rates was nearing. BOJ Governor Kazuo Ueda gave no hints on whether …

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Powerful earthquake strikes Kyrgyzstan-China border, killing 3

BEIJING (Reuters) -A magnitude 7.1 earthquake struck the Kyrgyzstan-Xinjiang border region on Tuesday, leading to the collapse of homes and killing at least three people and injuring five, Chinese state media reported. China’s Earthquake Administration said rescue efforts were underway, coordinated with the Office of the Earthquake Relief Headquarters and the Ministry of Emergency Management. …

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China weighs stock market rescue package backed by $278 billion – Bloomberg News

(Reuters) – Chinese authorities are considering measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday citing people familiar with the matter, drawing a sceptical response from underwhelmed investors. Policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from offshore accounts of state-owned enterprises, as part of a stabilisation fund …

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