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  • *Lobby group's draft letter asks India to "reconsider" law. *Data law could hurt investment in India, it says. NEW DELHI/ MUMBAI, Sept 19- Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.

  • CHATTERIS, England, Sept 19- British supermarket group Tesco has laid down the gauntlet to German discounters Aldi and Lidl by launching what it said would be the cheapest store in town. CEO Dave Lewis unveiled Tesco's new Jack's chain on Wednesday, saying the discount stores would sell 2,600 products, including 1,800 Jack's-branded items.

  • ZURICH, Sept 19- Switzerland's export-led economy could post its strongest growth since 2010 this year, but rising global risks like an escalating trade war pose a threat for 2019, the government said on Wednesday. But the buildup of tariffs the United States and China are imposing on each other may spill over into Europe, and Italy's anti-establishment...

  • LONDON— Official figures show that inflation in Britain unexpectedly rose in August to a six-month high as clothing and transport costs rose sharply. The rise is a blow to households across Britain, given that the spike has come alongside another increase in interest rates. In spite of the inflation rise, the Bank of England is not expected to lift interest rates...

  • GENEVA, Sept 19- The World Trade Organization should bring in a new system to determine which countries are classed as "developing", based on the size but also the structure of the economy, a senior official from China's Commerce Ministry said on Wednesday. Zhang Jianping, director of the ministry's research centre for regional economic cooperation, told a...

  • CHICAGO, Sept 19- If you are buying a Medicare supplemental policy in the United States, make sure you choose your insurance carefully over the next few months. Designed for people who do not like healthcare cost surprises, it is the most popular of supplemental plans used to pay for services that Medicare does not cover. The government is cutting off access to Plan...

  • BERLIN, Sept 19- Shares in Ceconomy fell on Wednesday after Europe's biggest consumer electronics retailer cut its profit goals for the 2017/ 18 financial year, citing poor trading as an unusually hot summer put people off buying TVs and other gadgets. Ceconomy, which runs more than 1,000 Media Markt and Saturn stores, became the second German retailer to give...

  • YOKKAICHI, Japan, Sept 19- The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public in two to three years. Nevertheless, Toshiba Memory and Western Digital started mass production this month at the new line,...

  • ROME, Sept 19- Italy's populist ruling coalition called on Economy Minister Giovanni Tria on Wednesday to allow greater deficit spending in next year's budget in order to make good on flagship campaign promises. Pressure on Tria has increased as a Sept. 27 deadline approaches to set the deficit and debt targets for next year's budget, which must be presented to...

  • CHINESE COMMERCE MINISTRY OFFICIAL SAYS HE IS CONCERNED UNITED STATES COULD PULL OUT OF WTO'S INTELLECTUAL PROPERTY AGREEMENT, WHICH CUTS GLOBAL TARIFFS ON TECH GOODS.

  • Sept 19- DANSKE BANK A/S CHAIRMAN OLE ANDERSEN SAYS AT A PRESS CONFERENCE:. *HE CONSIDERED STEPPING DOWN BUT BOARD ASKED HIM TO STAY ON. *WILL STEP DOWN WHEN HIS "TASK AT THE BANK HAS BEEN FULFILLED".

  • LONDON— British lawmakers are urging regulation for cryptocurrencies such as bitcoin in a report that describes the current situation as the "Wild West." In a report Wednesday on digital currencies, Parliament's Treasury Committee called for regulations to protect consumers and prevent money laundering. But they said there's still room for the U.K. to become...

  • GENEVA- CHINA COMMERCE MINISTRY OFFICIAL SAYS CHINA WANTS TO SEE REFORM OF DEFINITION OF "DEVELOPING" COUNTRIES AT WORLD TRADE ORGANIZATION.

  • BRUSSELS— The European Union has ruled that Luxembourg did not give the U.S. fast food giant McDonald's a special sweet tax deal and that the non-taxation of some of its profits did not amount to illegal state aid. The EU Commission ended a probe that started in 2015 by saying on Wednesday that advantages granted to McDonald's were the result of differences...

  • TOKYO, Sept 19- As a Japanese military recruiter sat patiently at a booth outside a supermarket in northern Tokyo one recent weekend, she welcomed a rare visitor, high school student Kazuaki Matsumura. "There are scenes in the media that spark interest in the Self-Defence Forces," the 16- year-old said, referring to Japan's military. Empty recruiting tables and...

  • BRUSSELS— EU rules that Luxembourg did not give selective tax deal to McDonald's, clears it of state aid infraction.

  • ISTANBUL— A construction workers union says 24 of its members have been detained in the aftermath of protests denouncing poor working conditions at Istanbul's new airport. Turkey's official Anadolu news agency said they were put under pre-trial arrest on charges including damage to public property, attending a demonstration with weapons and violating...

  • LONDON, Sept 19- The pound rose to a nine-week high on Wednesday, helped by strong UK inflation data and as investors prepared for a European Union summit where diplomats will try to pave the way for an agreement on Brexit. Brussels and London have made positive noises in recent days on major obstacles to Brexit, including how to keep an open border between the...

  • The government originally aimed to have that many e-cars in Germany by 2020, but slow uptake in the land of the Autobahn forced it to abandon that goal. A government advisory panel said Wednesday that recent additional financial incentives for buyers have helped provide the necessary jolt for Germany to reach the million mark two years late.

  • GENEVA, Sept 19- China must plug loopholes in the way it applies rules on subsidies and technology transfer to address complaints from the United States and the European Union, a former central bank chief said on Wednesday. Zhou, who stepped down as governor of the Peoples Bank of China in March, said China had low levels of public expenditure and most of it went into...