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IRDA may allow insurance companies to buy banks' AT1 bonds

MUMBAI The Insurance Regulatory Development Authority of India (IRDA) was considering allowing insurers to buy hybrid additional Tier 1 bonds issued by banks, said V.R. Iyer, a senior official at the country's insurance regulator.

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Nepal crisis averted as Maoists remain in coalition

KATHMANDU Nepal's main Maoist party that props up the fragile coalition said on Thursday it had abandoned efforts to form a new government, averting an immediate crisis that had threatened to dislodge Prime Minister K.P. Oli.

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U.S. regulators ban e-cigarette, cigar sales to minors

NEW YORK The U.S. Food and Drug Administration on Thursday banned sales of e-cigarettes, cigars, pipe tobacco and hookah tobacco to people under age 18, in line with cigarette rules, a move aimed at preventing a new generation from becoming addicted to nicotine.

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New Apple app launches in Britain that pays people to get fit

FRANKFURT A free smartphone app that will pay people to be physically active launches on Wednesday in Britain, with users given digital "sweatcoins" depending on how many steps they take that can be exchanged for rewards or traded like money.

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