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I'm not sure why the News would be involved - other than needing to read the article to see the code (which did not require a subscription for today's code, as I read it there), you don't need them at all. If you do click their link to get to Kobo, they might make a few % points of your purchases (but not this one, since it ends up as zero).
However, it sounds like you have paypal set up with Kobo as a payment source and quickbuy turned on, so you were not able to enter the code.
Or the charge is for something else, perhaps?
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