WORLD NEWS
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Walmart intends to raise US$3bn for Flipkart to compete with aggressive rivals
INDIA – Walmart is considering raising US$2-3 billion at a valuation of more than US$40 billion for Flipkart, an Indian e-commerce company it owns, to expand…
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Coca-Cola hits 10% sales growth in Q3 results, plans to continue increased marketing spend
US – The Coca-Cola Company has raised its guidance for its full year after delivering strong third-quarter 2022 results, proving continued momentum from the first…
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Royal Unibrew drops transactions plans with Danone for Aqua d’Or mineral water brand
DENMARK – Danish brewing and beverage company, Royal Unibrew, has withdrawn its intentions of acquiring Aqua d’Or mineral water brand, the leading Scandinavian mineral water…
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Mühlenchemie improves baking with composite flour
The new “Compozym” enzyme series reduces dependence on global wheat markets The use of locally available crops makes it possible to reduce the amount of…
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Kimberly Meat Company allocates US$35m to expand North Western Australia’s abattoir
AUSTRALIA – In a bid to boost its processing capacity by 60 percent, Kimberley Meat Company (KMC) is set to invest US$35 million to expand…