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Asia’s richest man plans to take on Amazon in India

Bloomberg Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, starting on an ambitious plan to take on Amazon.com Inc and Walmart Inc.’s Flipkart on its home turf. Mukesh Ambani, Asia’s richest man, intends to take on the world’s largest retailers by combining his Jio telecom service, mobile devices and ...

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Singapore plans to buy F-35 fighter jets to replace F-16 fleet

Bloomberg Singapore has identified Lockheed Martin Corp’s F-35 Joint Strike Fighter as the most suitable replacement for its fleet of F-16 fighter jets and plans to buy a small number for evaluation, the Ministry of Defense said in a statement. The Air Force’s F-16s that were in service since 1998 will retire soon after 2030, Defense Minister Ng Eng Hen ...

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Casino to sell six stores to Leclerc for $114 million

Bloomberg Casino Guichard-Perrachon SA agreed to sell six loss-making Géant hypermarkets across France to current grocery-market leader Groupement E. Leclerc for 100.5 million euros ($114 million.) The stores, located outside Paris, are “the least performing” in its network and accounted for a total trading loss of about 8 million euros in 2018, Casino said in a statement on Saturday. The ...

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