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Chinese telco giant makes ‘biggest public offering in a decade’

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Shares in China Mobile have seen green, rising as the telco started trading in Shanghai following a major capital raise of $7.7bn in China’s biggest public offering in a decade

The shares in the telco giant opened 9.4% higher before easing back in morning trade. China Mobile’s smaller rivals, China Telecom and China Unicom, have already made the move to their home country, after exiting the US markets.

The three telecom firms were delisted from the New York Stock Exchange after a Trump-era decision to restrict investment in Chinese technology companies.

China Mobile’s Hong Kong-listed shares saw green after they also rose in early trade. The positive news came after the company stated that it would press ahead with a plan to buy back up to 2.05 billion shares, worth nearly $13bn.

The policy introduced by the Trump administration to clamp down on investments in Chinese technology firms has remained in place under current President Joe Biden as tensions continue to escalate between Washington and Beijing.

China Mobile says that it plans to use the cash raised from the offering to develop projects including premium 5G networks, infrastructure for cloud resources and artificial intelligence software.

China Mobile is the world’s largest mobile network operator by total subscribers

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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