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GN Store Nord to pay $151mn for Audigy

  Bloomberg GN Store Nord A/S, the world’s third-largest listed producer of hearing aids, signed a conditional agreement to buy Audigy Group LLC in a deal that could value the U.S. audiology and hearing services company at as much as $151 million. GN will pay $91 million up front and as much as $60 million more depending on Audigy’s financial ...

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President Maduro seeks more powers with army exercise

  Bloomberg Venezuelan President Nicolas Maduro announced undefined “military exercises” for the embattled nation, just a day after pledging to prolong his government’s special emergency powers. Speaking in Caracas’s Ibarra Square after a march on Saturday by several hundred supporters, Maduro said his opponents are orchestrating foreign military intervention in Venezuela. Exercises by the army and militia groups would prepare ...

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Ethanol blending pressures already shrinking refiner margins

  Bloomberg Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners. The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through to the fuel prices. Now, gasoline is cheaper than the ethanol that refiners have no choice but to use. Ethanol averaged 30 cents above gasoline ...

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Rebel infighting near Syria capital kills hundreds

  Beirut / AFP Fighting raging between rival extremist rebel factions to control a key opposition stronghold near Damascus since late last month has killed more than 300 fighters, a monitor said on Sunday. The Syrian Observatory for Human Rights said the clashes in Eastern Ghouta pitted Jaish Al-Islam faction, which has been taking part in peace talks in Geneva, against ...

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Suicide raid on Iraq gas plant kills 7

  Baghdad / AFP Suicide attackers broke into a gas plant north of Baghdad on Sunday, killing at least seven people and setting fire to gas tanks, officials said. The attack on the Taji plant, about 20 kilometres (12 miles) north of the capital, took place at around 6 am (0300 GMT). Eight suicide bombers broke into the gas plant ...

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Turkish right-wing party dissidents’ bid to oust longtime leader foiled

  Ankara/ AFP Members of Turkey’s right-wing MHP party were prevented from holding a congress on Sunday aimed at unseating longtime leader Devlet Bahceli and recovering ground lost to President Recep Tayyip Erdogan’s party. Dissidents from the Nationalist Movement Party launched a campaign to oust Bahceli, 68, after a general election in November in which the party shed half its support—taking ...

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Netanyahu blasts France after Jerusalem UNESCO vote

  Jerusalem / AFP Israeli Prime Minister Benjamin Netanyahu said on Sunday he told the French foreign minister that Paris’s support of a UNESCO resolution on Jerusalem cast doubt on the impartiality of a peace initiative it is promoting. “I told him that the scandalous resolution accepted at UNESCO with France’s support, that does not recognise the bond of thousands of ...

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Efforts to counter IS propaganda bear fruit, say experts

  Washington / AFP US authorities and Internet giants are boosting attempts to counter the IS group’s online propaganda, though it is unclear how effective these efforts are in hampering the extremists’ public-relations machine. With calls to holy war and highly produced videos of IS fighters in battle or killing captives, the IS group has long used the Internet and ...

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