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Huawei smartphone shipments up 60%
The company, which competes with Chinese makers Lenovo Group Ltd and ZTE Corp , shipped about 21 million smartphones globally in the second quarter ending June 30, an 85 per cent rise from the same period of last year.
India’s Flipkart raises $1 billion in funds to tackle Amazon
Flipkart, set up in 2007 by two former Amazon employees, said Singapore sovereign wealth fund GIC was among those to participate in the fundraising, the latest cash injection into the e-commerce market.
US companies increasingly fish for growth overseas
Major US companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
‘Africa’s Amazon’ eyes new markets
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets - Uganda, Ghana and Cameroon, the company said on Monday.
Reliance Power to buy Jaypee hydropower stations
India’s Reliance Power will buy three hydropower plants from Jaiprakash Power Ventures for an undisclosed sum to cut its dependance on coal, the firm said Monday.
Ryanair profit guidance up
Ryanair boosted its annual profit guidance on Monday after rivals cut theirs as the Irish budget airline more than doubled its first-quarter profit citing a boost from its drive to improve customer service.
Dollar Tree buying Family Dollar for $8.5 billion
The $8.5 billion deal will give Dollar Tree more than 13,000 stores in the US and Canada.
Batelco profit slips 22.4%
Bahrain Telecommunications Co, or Batelco, posted a 22.4 per cent drop in second-quarter profit on Sunday, according to Reuters calculations, hurt by continued intense competition in core markets and one-off adjustments.
BSkyB to pay $9 billion to create Sky Europe
The deal, which will make BSkyB the leading pay-TV provider in Europe, adds to a flurry of consolidation in the global media sector as traditional entertainment companies seek to bulk up to compete against more nimble Internet rivals.
Fox seen selling CNN rather than spinning off despite tax bill
Fox plans to get rid of CNN because it already operates its own namesake news network and would likely face opposition from regulators even if it wanted to keep it.
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