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South Koreans Boycott Japan Beer in Brewing Trade Row

Beer-loving South Koreans angered by a trade row with Tokyo are boycotting Japanese brews in a surge of patriotism that has even seen popular beauty bloggers targeted.

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PepsiCo Buys Pioneer Foods for $1.8 Billion in Africa Push

U.S. beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand ($1.8 billion), a company executive said Friday, in a bold move into the African market.

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Outgoing RBS Chief to Lead National Australia Bank

National Australia Bank on Friday announced veteran banker Ross McEwan would be its new chief executive, as the lender seeks to rebuild confidence after a scathing national inquiry.

McEwan, a New Zealander, resigned as head of the Royal Bank of Scotland in April.

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Bitcoin Craze Hits Iran as US Sanctions Squeeze Weak Economy

Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic's ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in and out of the country.

In Iran, some government officials worry that the energy-hungry process of "mining" Bitcoin is abusing Iran's system of subsidized electricity; in the United States, some observers have warned that cryptocurrencies could be used to bypass the Trump administration's sanctions targeting Iran over its unraveling nuclear deal with world powers.

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Sudan Political Turmoil Drives Fears of Economic Collapse

Sales have tumbled at Hashem Abul Fadel's shopping centres in Sudan, where he and fellow business owners fear that months of political turmoil could bring on a full-scale economic collapse.

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Ghosn Sues Nissan and Mitsubishi for Breach of Contract

Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for "improper termination" of his contract, French newspaper Le Figaro reported Wednesday.   

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Facebook's Libra Prospects Dim, but Cryptocurrencies Roll On

Facebook's planned global digital coin Libra has run into a wall of opposition in Washington that could prevent its launch as envisioned, but analysts say cryptocurrencies are likely to make gains around the world nonetheless.

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France Defiant as Digital Tax Showdown with U.S. Looms at G7

France on Wednesday expressed defiance in a row with the United States over taxing tech giants that threatens to dominate a G7 meeting, saying an international accord was the only way to solve the dispute.

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Strong Consumer Business Boosts Bank of America Earnings

Bank of America scored record profits in the second quarter, as strong consumer banking results offset a decline in earnings from trading worldwide.

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WTO Future a Concern for Global Finance Chiefs

Global finance chiefs meeting in France have warned that the World Trade Organization's internal court risks becoming paralyzed by a bitter disputes between member states.

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