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7-Eleven owner announces counter-bid to foreign buyout

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).With around 85,000 outlets, 7-Eleven is the world’s biggest convenience chain. If realised, Couche-Tard’s seven trillion yen ($45 billion) takeover would be the largest foreign buyout of a Japanese firm.Bloomberg …

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France’s bullfighters see red over bill to ban under-16s

France’s upper house of parliament will this week debate a bill to ban children under 16 from attending bullfights, inflaming tensions and enraging aficionados of the centuries-old tradition.French legislation bans cruelty to animals and bullfighting is outlawed in most of France. But bullfighting is allowed in the south in cities such as Bayonne, Nimes and Beziers …

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Airlines around Asia ground Bali flights after volcano erupts

Airlines in Australia, Hong Kong, India, Malaysia and Singapore cancelled flights to and from the Indonesian resort island of Bali on Wednesday, after a nearby volcano catapulted an ash tower miles into the sky.Australia’s Jetstar, Qantas and Virgin Australia all grounded flights after Mount Lewotobi Laki-Laki on Flores island spewed a nine-kilometre (5.6-mile) tower a …

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China’s Xi heads to Peru for APEC meeting shrouded in Trump fears

Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) organisation leaders overshadowed by fears of renewed global trade tensions under Donald Trump.Xi will join leaders from the United States and other Asia-Pacific nations in the Peruvian capital Lima for the APEC gathering, after which he will …

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7-Eleven owner considers going private to avoid foreign buyout: reports

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday.Seven & i Holdings is eyeing the move as a countermeasure to Circle K owner Alimentation Couche-Tard’s seven trillion yen ($45 billion) takeover proposal, the Nikkei …

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