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U.S. Supreme Court allows App Store antitrust suit against Apple

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolizing the market for iPhone software applications and forcing them to overpay, rejecting the company’s bid to escape claims that its practices violate federal antitrust law. FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File PhotoApple shares fell more than 5% after the justices, in a 5-4 ruling, upheld a lower court’s decision to allow the proposed class action lawsuit to proceed. The plaintiffs said the Cupertino, California-based technology…

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Uber shares fall for second day after ill-fated IPO; Lyft follows

(Reuters) - Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits. A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermidThe move, which came in a wide-ranging sell-off on global financial markets spurred by more U.S.-China trade tensions, led to shares trading lower at $37.17, valuing the company at about $12 billion less than Friday’s debut price of $45. Before…

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Hollywood star Doris Day, singer of ‘Que Sera, Sera,’ dead at 97

(Reuters) - Actress Doris Day, who became one of the greatest box-office attractions of her time as the cheery, freckle-faced personification of wholesomeness, died on Monday at the age of 97, her foundation said on Monday. Actress Doris Day is pictured at the aquarium in New York City, U.S. in this July 1946 image. Courtesy William P. Gottlieb/Ira and Leonore S. Gershwin Fund Collection, Music Division, Library of Congress/Handout via REUTERS Day, who co-starred with 1950s and ‘60s superstars such as Rock Hudson and Cary Grant, died at her Carmel, California home after a bout with pneumonia, the Doris Day Animal Foundation said on its website. Her…

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What you need to know about the U.S. measles outbreak

(Reuters) - The United States so far this year has recorded 839 cases of measles in 23 states, its largest outbreak since public health officials in 2000 declared the disease eradicated, the Centers for Disease Control and Prevention said Monday. FILE PHOTO: A vial of the measles, mumps, and rubella virus (MMR) vaccine is pictured at the International Community Health Services clinic in Seattle, Washington, U.S., March 20, 2019. Picture taken March 20, 2019. REUTERS/Lindsey WassonThe following are key facts about the outbreak: * Public health officials blame the measles resurgence on the spread of misinformation about vaccines. A vocal fringe of parents opposes vaccines, believing, contrary…

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Britain warns of Iran-U.S. conflict, Pompeo meets Europeans

BRUSSELS (Reuters) - Iran and the United States could trigger a conflict by accident in an already unstable Gulf region, Britain’s foreign minister said on Monday, as U.S. Secretary of State Mike Pompeo held talks in Brussels with the main European powers on the crisis. FILE PHOTO: European Union foreign policy chief Federica Mogherini takes part in a news conference atfer a Turkey-EU Association Council in Brussels, Belgium, March 15, 2019. REUTERS/Francois LenoirPresident Donald Trump is seeking to isolate Tehran by cutting off its oil exports after pulling out of a 2015 deal aimed at curbing Iran’s nuclear program. Trump has also beefed up the U.S. military…

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WikiLeaks says Swedish investigation gives Assange a chance to clear his name

FILE PHOTO: WikiLeaks founder Julian Assange leaves Southwark Crown Court after being sentenced in London, Britain, May 1, 2019. REUTERS/Henry Nicholls/File PhotoLONDON (Reuters) - The reopening of a Swedish investigation into a rape allegation against WikiLeaks founder Julian Assange will give him a chance to clear his name, WikiLeaks said on Monday. “Since Julian Assange was arrested on 11 April 2019, there has been considerable political pressure on Sweden to reopen their investigation, but there has always been political pressure surrounding this case,” Kristinn Hrafnsson, WikiLeaks’ editor-in-chief said in a statement. “Its reopening will give Julian a chance to clear his name,” Hrafnsson said. Reporting by Guy…

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U.S.-China trade setback prolongs the global equities slide

LONDON (Reuters) - Global equities fell on Monday after their worst week of 2019, as hopes of an imminent U.S.-China trade deal were crushed and neither side showed a willingness to budge, raising fears of a fresh round of tit-for-tat tariffs. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 10, 2019. REUTERS/StaffThe United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. “Looks like we are just slowly ebbing…

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Bitcoin holds above $7,000 after hitting nine-month high

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File PhotoLONDON (Reuters) - Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency’s 2019 rally gathered steam. Bitcoin was last up 1.1% at $7,056 on the Bitstamp exchange after soaring 14% on Saturday - its second largest daily jump this year - to its highest since early August. Analysts and traders said the outsized move over the weekend did not appear to be the result of any immediate news factors. David Thomas, of London-based cryptocurrency broker GlobalBlock, said the breaching of a…

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EU supports Iran nuclear deal, may talk to U.S.’s Pompeo: Mogherini

FILE PHOTO: European Union foreign policy chief Federica Mogherini takes part in a news conference atfer a Turkey-EU Association Council in Brussels, Belgium, March 15, 2019. REUTERS/Francois LenoirBRUSSELS (Reuters) - The European Union fully supports the international nuclear accord with Iran and wants rival powers to avoid any further escalation over the issue, EU foreign policy chief Federica Mogherini said on Monday. “We will continue to support it as much as we can with all our instruments and all our political will,” Mogherini told reporters before a meeting with the foreign ministers of Britain, France and Germany, who are signatories to the deal. United States Secretary of…

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UK Foreign Minister Hunt warns U.S.-Iran conflict risk

FILE PHOTO: Britain's Foreign Secretary Jeremy Hunt is seen outside Downing Street, as uncertainty over Brexit continues, in London, Britain May 7, 2019. REUTERS/Henry NichollsBRUSSELS (Reuters) - Britain’s Foreign Minister Jeremy Hunt warned on Monday of the risks of an unintended conflict between the United States and Iran over the unraveling nuclear deal. “We are very worried about the risk of a conflict happening by accident with an escalation that is unintended,” Hunt told reporters in Brussels, adding that it was crucial not to put Iran back on the path of re-nuclearization. Reporting by Robin Emmott, editing by Francesco Guarascio; and by Alissa de CarbonnelOur Standards:The Thomson…

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