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Saudi Arabia bans rainbow-coloured toys and children’s clothing

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A rainbow in itself symbolises success, hope and fortune to many of us, gazing upon the vibrant colours brings happiness and excitement, but not for one country

Authorities in Saudi Arabia have been seizing rainbow-coloured toys and children’s clothing

They claim it encourages homosexuality.

A state-TV report showed officials removing a range of items from shops in the capital city

They included hair clips, toys, t-shirts, hats and pencil cases.

One official said the items “contradict the Islamic faith and public morals, and promote homosexual colours targeting the younger generation”.

The commerce ministry tweeted separately that its teams were confiscating

In the video they explain “products that contain symbols and signs calling for deviation and contradicting common sense”.

Shops found to be selling them would face legal penalties.

Under the country’s interpretation of Islamic law, consensual same-sex relationships is punishable by death or flogging

When it comes to the response from the White House, Karine Jean-Pierre says the U.S sees human rights as universal.

“We work around the globe to protect LGBTQI+ persons from violence and abuse […] and empower local LGBTQI+ movements and persons. “

KARINE JEAN-PIERRE

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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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