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China sees moderate export growth as demand stabilises

Bloomberg China’s export growth moderated in the first two months of the year, pointing to more stable global demand as multiple risks cloud the outlook. Exports rose 16.3% in dollar terms in the January-February period from a year earlier, data from the General Administration of Customs showed on Monday, beating the 14% median estimate in a Bloomberg survey of economists. ...

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TCS plans to overhaul to hit $50 billion sales

  Bloomberg Tata Consultancy Services plans to overhaul its organisational structure with specialized groups targeted to help startups as well as large global firms as Asia’s largest software outsourcing provider gears up to double its revenues to $50 billion before 2030, according to people familiar. The Mumbai-based company will create four internal teams — a business transformation group, incubation group, ...

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TikTok suspends livestreaming in Russia on ‘fake news’ law

Bloomberg TikTok says it’s suspending livestreaming in Russia amid the country’s new “fake news” law that’s aimed at silencing dissent and limiting information about its invasion of Ukraine. “We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law,” the company announced in a series of tweets. ...

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