India’s antitrust body has preliminarily determined that the $8.5 billion merger of Reliance and Walt Disney media assets poses a threat to competition, particularly in relation to their control over cricket broadcast rights. This finding represents a significant obstacle to the proposed Disney-Reliance merger, which aims to establish the largest entertainment entity in India with a total of 120 TV channels.
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North Korea confiscates dog fur-lined coats from civilians to clothe soldiers
North Korean authorities are confiscating winter coats lined with dog fur from civilians and giving them to soldiers due to shortages. The coats are considered a luxury item, symbolizing authority, but are popular with civilians for their warmth. The crackdown aims to provide warm gear for soldiers in need and prevent civilians from looking like they are wearing military uniforms. Full Article
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