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they were looking to salvage a terrible financial performance that it has been seen, but also for sony, which is also really facing stiff competition right now in the indian market from the likes of amazon, netflix as well as a potential merger between disney and reliance industries. these two giants were looking to come together and consolidate their presence against this competition, but of course it has now fallen through because there was no consensus it has been said between the two companies and who would lead the merged entity. zee of course wanted its current loss to be leading it. sorry of course had reservations about that because of a number of corporate governance cases that have been pending against him. so despite nearly two years of negotiations and a 30 day grace period, the deal has now fallen through. it doesn t look like this is the end because sony is now seeking a $90 million termination fee and zee has said it will go to the courts as well. we will ....
on who would have led the merged entity, zee essentially wanted it to be opening but sony was opposed to that because of a number of regulatory cases that are pending against him, such as corporate governance. despite nearly two years of negotiations and a 30 day grace period, this deal which would have created one of india s largest media entities has fallen apart. there are large implications of this, particularly on zee. they have been battling quite a terrible financial performance over the past years, but also for sony, given the huge amount of competition in the indian market. both of them wanted to face up to this competition jointly, but now they will have two face the likes of amazon, netflix and also potentially a merged entity between reliance industries and disney, single handedly that is of course something that has been speculated that there will be a merger between reliance and disney. it doesn t look like the saga is going to end anytime soon because son ....
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from ....
more sunshine around today, especially for eastern areas. before full weekend forecast is coming up here and breakfast. it s friday 2nd june. our main story. the former this morning presenter phillip schofield says he has lost everything , after admitting to lying about an affair with a young colleague. in his first interview since resigning from itv, mr schofield says he desperately regrets the relationship, but insists it was consensual and he strenuously denies claims that he groomed the man. he s been speaking to our media editor amol rajan. come on in. good to see you. thank you. phillip schofield granted this interview because he wanted to say sorry, he wanted to show contrition, and he wanted to correct some of what he sees as the false narratives in the public domain over the past week. are you feeling 0k to do this? you re feeling strong enough to do this interview? yeah, i have to. schofield described the enormous toll that recent days have taken on him. and ....
tonight. the russian collusion investigation meant to derail trump s 2016 campaign wastigati cacompleteon and total sham. now, todaymp, special counsel s john durham s conclusion weren t that brutal in a matter of fact, but histh three andd six page report was blunt and .e now, afterad reading through as much of the report as i could stomach tonight, i was disgusted. by i was so sickened all overdid to again by what they did to donald trump , what they did to carter page and so manyd so others along the way. othernow we see in black and wl in facts presentedac what was obvious and pervasive corruption. now, there was clear political bias at work dufung calls that confirmation agen in the most powerful agencies within our federal government intelligence and theg federal bureau of investigatioen . now, hillary clinton, wee know evidenated despite destroying evidence. bualt donald trump , hd e was tormented over nothing. and this began.r never forget when obama was pow ....