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  Reuters Edita Food Industries, one of Egypt’s largest food producers, will raise the prices of some of its products and also increase workers’ pay after the massive devaluation of the Egyptian pound, its chairman said. The company’s decisions point to challenges faced by firms around the country in the wake of the devaluation, which is expected to trigger a ...

  Bloomberg Vestas Wind Systems A/S slumped after Chief Executive Officer Anders Runevad said growth may slow next year after third-quarter results were strong enough to boost his outlook for this year. Runevad said 2016 will be an “extraordinary year” for the Danish manufacturer of wind turbines and that sales are likely to slump in the US in 2017, the ...

  Bloomberg As Switzerland’s watch industry goes through the longest slump in decades, there’s one area that’s actually growing: rare vintage timepieces. A stainless steel Patek Philippe chronograph that’s one of four known to exist will go under the hammer at Phillips, which has built a reputation handling the most rarefied timepieces and estimates the model is worth more than ...

  Bloomberg Starbucks Corp. posted earnings that topped analysts’ estimates as new menu items and digital efforts like mobile ordering helped its US business defy a restaurant-industry slowdown. Profit rose to 56 cents a share, excluding some items, in the most recent quarter. That topped analysts’ average prediction of 55 cents. The world’s largest coffee-shop operator has been fueling sales ...

  Bloomberg UK manufacturing surged the most in five months in September, led by repair and maintenance of transport equipment including ships and machinery. The advance of 0.6%, exceeding forecasts for a 0.4% increase, indicates some strength in factories at the end of the third quarter. Still, weakness at the start of the period meant that manufacturing dropped 0.9 percent ...

CAIRO / Reuters Egypt’s stock market surged to an eight-year high on Tuesday because of hopes for foreign fund inflows after the currency was floated last week, while a plan by Saudi Arabia’s government to pay debts to the private sector boosted that market. The Egyptian blue chip stock index jumped 2.5 percent to 10,097 points, its loftiest finish since ...

  BEIJING / AP Global stock markets were steady on Tuesday, following strong Wall Street gains the day before, as investors focused on the final hours of a tight US presidential race. KEEPING SCORE: Germany’s DAX was 0.1 percent lower at 10,449 and France’s CAC-40 was down by the same rate at 4,458. London’s FTSE 100 was stable at 6,805. ...

  AP Whether it’s a video clip of your friend’s dog or a live stream of the presidential debates, you are likely watching more videos on Facebook than ever. And that means you’re also more likely to see video ads. Facebook’s latest strategy is to grow both user-generated and advertiser-created videos as it tries to get a firm foothold in ...

  AP A Samsung phone user in France says her Galaxy J5 smartphone caught fire and exploded on Sunday. The model is different from the Galaxy Note 7 that has been recalled worldwide. Lamya Bouyirdane said that she noticed the phone was very hot after she asked her four-year-old son to pass it over during a family gathering at her ...

  Relaxnews Business software maker SAP SE introduced the most significant update to its database software in five years, including new tools for analyzing streams of data created by smart sensors and a lightweight free version for developers to test. Hana 2, the second major release of SAP’s main database software since its wide release in 2011, includes tools for ...