MILAN (Reuters) -Blue Skye Financial Partners, a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to suspend the 1.2 billion euro ($1.20 billion) sale of the club, legal sources said on Tuesday.

Analysts have cut their 12-month earnings forecasts for Asian companies over the past month, undermined by a dip in manufacturing activity and concerns over a drop in shipments, especially to China.

Blue Skye Financial Partners, who were a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to halt the 1.2 billion euro ($1.20 billion) sale of the club, legal sources said on Tuesday.

A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies like Alphabet's Google and Meta's Facebook.

SINGAPORE/BEIJING (Reuters) -Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform's fastest-growing overseas ad market and one of its largest non-U.S. revenue sources.

Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform's fastest-growing overseas ad market and one of its largest non-U.S. revenue sources.