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India’s IT Stocks Stand Out as Trump Win Boosts Spending Bets

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasLarge Indian IT service providers’ stocks are poised for a further run-up after a recent rally, bucking the weak sentiment in other sectors as Donald

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Sea’s Profit Draws Bullish Analyst Calls After $43 Billion Rally

(Bloomberg) -- A return to profitability in e-commerce for Sea Ltd. has analysts turning even more bullish on its stock after a rally that has added $43 billion to its market value so far this year.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasAt least seven firms, including Morgan Stanley and Deutsche Bank, have raised their price targets for Sea’

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Ottawa must ensure Trump understands importance of Canadian oil to US, minister says

(Reuters) -Ottawa must make sure the Trump administration understands how inter-related energy markets are in the U.S. and Canada, a Canadian government minister said on Thursday, commenting on President-elect Donald Trump's vow to impose a 25% tariff on imports from the country. "We have some work to do to make sure we are effectively articulating the way in which tariffs would be counterproductive, and that's not just true of oil," Natural Resources Minister Jonathan Wilkinson told Reuters in a phone interview, adding that Americans also benefited from Canadian uranium and hydro exports. Trump, who takes office on Jan. 20, said on Monday he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs and migrants crossing the border.

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Canada Antitrust Watchdog Sues Google, Seeking Ad Tech Breakup

(Bloomberg) -- Canada’s antitrust regulator is taking Alphabet Inc.’s Google to court for alleged abuse of dominance in web advertising, adding to a mounting pile of legal challenges for the search giant.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasGoogle illegally tied together advertising tools to maintain market supremacy and used this position

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Linkup connects LLMs with premium content sources (legally)

If there’s no pre-existing financial agreement between content publishers and the entities scraping web pages, these bots are lifting content from the open web without paying, and many people aren't happy about that deal -- which is increasing regulatory scrutiny around AI training. There are also now high-profile legal cases in the frame, such as the ongoing lawsuit between OpenAI, the maker of ChatGPT, and the New York Times, so the situation around web scraping could change in the near future. Hence why OpenAI has signed multi-year content licensing deals with major publishers such as AP, Axel Springer, Condé Nast, El País, the Financial Times, Le Monde, and others.

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Revolut Will Let Former Staff Sell Stock in Secondary Sale

(Bloomberg) -- Revolut Ltd. has told its former staff they can participate in a secondary share sale, allowing them to cash in at the finance firm’s latest $45 billion valuation. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasFormer employees were told this week that anyone who’d been at the fintech for at least 24 months and held $100,000 or more i

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Namibia Orders Starlink to Cease all Operations in the Country

(Bloomberg) -- Namibia ordered Starlink Inc. to immediately cease all operations in the south-west African country, saying the satellite-internet service owned by billionaire Elon Musk is operating without the required telecommunications license. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“The public is hereby advised not to purchase Starlink te

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Airports to cooking oil: the many businesses of India's Gautam Adani

U.S. authorities have accused Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts, and misleading U.S. investors during fund raises there. ** Energy: It mines thermal coal and produces power through its utilities firm Adani Power, which is transmitted via Adani Energy Solutions. The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the U.S. indictment.

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New E-Scooter for Gig Workers Adds $1 Billion to Ola’s Value

(Bloomberg) -- Ola Electric Mobility Ltd.’s market cap surged by $1 billion in just two days after the company launched a new electric scooter for workers involved in quicker deliveries. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasShares of India’s biggest electric-scooter maker surged about 29% in two days through Thursday, boosted by the compan

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