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| Zomato drops: India's rapid delivery provider Zomato Ltd. plunged more than 13% on Tuesday after earnings fell short of analyst estimates. The company cited heightened competition leading to "a pause in margin expansion." Shares of peer Swiggy Ltd. also plunged almost 11% in Mumbai, a record drop. Tariff reprieve: China's President Xi was spared immediate tariffs upon Donald Trump's return to the US presidency. That sets the stage for an active period of diplomacy between the two superpowers, with Trump saying there'll be further meetings and calls between the two leaders. Sanchez flex: Spanish Prime Minister Pedro Sanchez on Saturday ousted the longtime CEO of Telefonica, Spain's main telecom, for lacking industrial ambition or a focus on tech innovation. | |
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| Bitcoin surged to a fresh high in the buildup to the inauguration of what's widely seen as a crypto-friendly president, but the absence of the sector from day-one executive orders left its market in limbo. Still, Bitoin traded at around $102,000 as traders awaited stronger signs of policy direction. | |
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| It was a busy weekend for ByteDance Ltd. and the future of its trendsetting TikTok service in the US. Late on Saturday, TikTok went dark in anticipation of an imminent ban, but newly inaugurated President Donald Trump halted the ban and granted a 75-day window to work out a deal to keep the service running. In today's Tech In Depth, Vlad Savov recounts what happened since Friday and the off-the-cuff commentary from the new president. | |
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