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Indian yoga guru, billionaire to launch app to rival WhatsApp

Bloomberg After hastily withdrawing their new messaging app amid glaring security flaws, an Indian billionaire and his penurious yoga guru partner are about to have another go at it. Acharya Balkrishna, who collaborated with celebrity yogi Baba Ramdev to build an Indian consumer goods empire, plans a formal release of the Kimbho messenger app within weeks as he tries to ...

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Argentina wins $50bn in IMF backing to bolster economy

Bloomberg Argentina secured a $50 billion stand-by arrangement from the International Monetary Fund to help restore investor confidence as the government takes aim at double-digit inflation and a widening budget deficit. The rescue program’s size, which would run for 36 months, is the largest ever in IMF history though it will depend on how much the government taps. It comes ...

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UK firms must justify exec pay gaps under government plan

Bloomberg Large companies listed in the UK will have to explain the pay gap between bosses and employees under government plans to be submitted to Parliament. Firms with more than 250 staff on their books will have to publish and justify the difference in pay between chief executives and workers and will have to detail how directors are acting in ...

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