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Dominant US dollar faces challenge from emerging currencies
Dominant US dollar faces challenge from emerging currencies
Business and Economy
by  AFP

As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status. "In many developing countries there is desire to be less dependent on the dollar, particularly on the trade side," said Paola Subacchi, professor of International Economics at the Global Policy Institute at Queen Mary University of London.

UK blocks Microsoft's $69-bn Activision takeover
UK blocks Microsoft's $69-bn Activision takeover
Business and Economy
by  AFP

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming and leaving the blockbuster deal in peril. Yet it argued on Wednesday that the video games market needed competition to thrive.