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Steinhoff falls after struggling to break from parent

Bloomberg Steinhoff Africa Retail Ltd. extended a two-day fall to more than 10 percent after the continent’s biggest clothing retailer said it won’t pay a half-year dividend and announced charges related to its scandal-hit parent company. The owner of clothing chains including Pep and Ackermans was spun off by Steinhoff International Holdings NV three months before the majority shareholder reported ...

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PepsiCo extends bet on clean snack foods with Bare deal

Bloomberg PepsiCo Inc. is placing another bet that American nibblers want healthier options with the purchase of baked fruit and vegetable snackmaker Bare Foods Co. The maker of Mountain Dew and Cheetos inked a deal to buy the San Francisco-based creator of products including beet chips and baked apple crisps. The terms of the deal weren’t disclosed. PepsiCo, which has ...

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UAE, Canada discuss ways to boost economic, investment ties

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Francois-Philippe Champagne, Minister of International Trade of Canada at the Canadian Foreign Ministry in Ottawa. During the meeting, which was held on the sidelines of Sheikh Abdullah’s official visit to Canada, the two sides discussed bilateral relations and ways to further ...

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