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  Bloomberg Japan’s Sumitomo Corp. agreed to buy banana importer Fyffes Plc for 751 million euros ($798 million) in cash, expanding its reach in the global fruit market and sending the Irish company’s shares soaring. Sumitomo offered 2.23 euros a share for Dublin-based Fyffes, 49 percent more than Thursday’s closing price, in a deal it said furthers its position as ...

  Bloomberg Steel Authority of India Ltd., the country’s top producer, booked a loss for the sixth straight quarter, almost in line with analyst estimates, as costs increased. The company lost 7.3 billion rupees ($108 million) in the three months through September compared with a shortfall of 11.1 billion rupees a year ago, the company said in a statement. That ...

  Bloomberg Canadian oil sands producers are finally ready to grow again as Cenovus Energy Inc. and Canadian Natural Resources Ltd. announce they are pushing ahead with expansion projects two years into the worst crude slump in decades. Cenovus said that the company will proceed with its 50,000 barrel a day phase G expansion at its Christina Lake oil sands ...

  Bloomberg President-elect Donald Trump’s sit down with technology titans next week will have two marquee attendees: Alphabet Inc.’s Larry Page and Eric Schmidt. Page, chief executive officer of the Google parent company, and Schmidt, the chairman, were planning on going to the meeting, a person familiar with the decision said late Friday. The person asked not to be identified ...

  Bloomberg Coca-Cola Co.’s incoming CEO has his work cut out for him to bring the 130-year-old company into a millennial-dominated era. James Quincey, who takes over as chief executive officer next year, is under pressure to dramatically cut the calories of Coca-Cola’s lineup — a move necessitated by shifting consumer tastes and anti-obesity efforts. And he can’t rely as ...

  MADRID / AP Spain wants to raise 500 million euros ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union’s budget deficit goals. The new environmental taxes are part of the revised budgetary plan Spain has submitted to the European Commission. The plan says the new taxes will target a ...

  Bloomberg The Federal Trade Commission is seeking to further question Volkswagen AG’s US officials about whether evidence including mobile phones was destroyed amid the probe of diesel vehicles rigged to cheat emissions tests. “In the context of the massive scandal at the center of this case, 23 lost or bricked phones is a bright red flag, especially when they ...

  Aleppo / AFP Syria’s army pushed forward in Aleppo on Sunday as thousands fled rebel-held areas but its forces lost ground to the south where the IS group recaptured the ancient city of Palmyra. After a sudden withdrawal by regime forces, IS extremists made a lightning-fast advance across Palmyra, sparking new worries for its remaining ancient treasures. Forces loyal to ...

  Baghdad / AFP US Defence Secretary Ashton Carter held talks in Baghdad on Sunday to discuss the coming stages of the offensive to retake the city of Mosul from the IS group. Carter flew to the Iraqi capital on an announced visit to “survey key locations directly supporting the battle for Mosul”, the Pentagon said in a statement. The United ...

  Cairo / AFP A bomb blast tore through a church near Cairo’s Coptic cathedral during a service on Sunday, killing at least 25 people in the deadliest attack in recent memory on Egypt’s Christian minority. There was no immediate claim of responsiblity for the bombing. Coptic Christians make up about 10 percent of Egypt’s population. At least 31 people were ...