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Google backs Indian courier startup Dunzo in $40 million fundraising By Reuters

BENGALURU (Reuters) - Indian hyperlocal courier startup Dunzo has raised $40 million from existing investor Google (NASDAQ:GOOGL) and others, it said on Tuesday, after seeing a surge in usage during the COVID-19 pandemic. As many Indians stayed indoors for much of 2020 because of the health crisis, Dunzo and food-delivery apps Zomato and Swiggy recorded a fresh surge in popularity. Naspers-backed Swiggy...

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Bitcoin overtakes “long tech” as most crowded trade – BofA fund manager survey By Reuters

LONDON (Reuters) - A long position on bitcoin overtook "long tech" as the trade fund managers said was the most crowded in January, Bank of America (NYSE:BAC)'s monthly fund manager survey showed on Tuesday. For the first time since October, a long position on technology companies was knocked off the top spot, as investors said that long bitcoin was the most crowded...

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UK health secretary Hancock says self-isolating until Sunday By Reuters

LONDON (Reuters) - British Health Secretary Matt Hancock said he is self-isolating until Sunday after receiving a warning from the health service's COVID mobile phone app that he may have been in contact with someone who tested positive. "Last night I was alerted by the @NHSCOVID19app to self isolate so I'll be staying at home & not leaving at all until Sunday,"...

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India asks Facebook’s WhatsApp to withdraw privacy policy update By Reuters

NEW DELHI (Reuters) - India's technology ministry has asked Facebook (NASDAQ:FB) Inc-owned WhatsApp to withdraw the changes to its privacy policy announced by the messenger earlier this month, saying the new terms take away choice from Indian users. "The proposed changes raise grave concerns regarding the implications for the choice and autonomy of Indian citizens," said the tech ministry's email addressed to...

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FTSE 100 edges up as HSBC, drugmakers gain By Reuters

By Shivani Kumaresan (Reuters) - British shares inched higher on Tuesday, supported by gains in HSBC and drugmakers, at a time when tighter coronavirus restrictions have raised concerns about the pace of an economic recovery. The FTSE 100 index was up 0.3% after two consecutive sessions of declines, with HSBC Holdings (LON:HSBA), up 2.5%, giving the biggest boost to the...

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China’s Sovereign Fund Revamps Overseas Investment Committees By Bloomberg

(Bloomberg) -- China’s $1 trillion sovereign wealth fund is restructuring how its decides on international investments as it tries to boost efficiency and make better progress on a goal of increasing the share of private assets in its global portfolio. China Investment Corp. formed two committees earlier this month to approve investments in public...

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Experian Q3 revenue beats, expects fourth-qtr growth to ease By Reuters

(Reuters) - Experian Plc (LON:EXPN) posted third-quarter revenue growth that exceeded its previous target on Tuesday, as the world's largest credit data firm benefited from strong U.S. mortgage volumes while flagging a slowdown in the current quarter. The company's organic revenue jumped 7% for the three months ended Dec. 31, but it guided to a 3%-5% growth for the final quarter....

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