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Ikea posts fall in annual sales after lowering prices
Ikea posts fall in annual sales after lowering prices
by  AFP

Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores. Ikea said physical store visits increased by 4.5 percent following the price drops while online traffic jumped by 21 percent.

7-Eleven owner restructures to fight takeover
7-Eleven owner restructures to fight takeover
by  AFP

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. An improved share price would also make a takeover attempt by ACT more expensive for the Canadian firm, while also easing pressure from shareholders pressing management to restructure.

Chinese electric car companies cope with European tariffs
Chinese electric car companies cope with European tariffs
by  AFP

MG Motor, BYD and other Chinese electric car manufacturers say they will maintain their low sticker prices in Europe even after being hit with hefty tariffs this month. MG, the best-selling Chinese electric car brand in Europe, says it will guarantee its prices until the end of 2024, having stockpiled cars before the duties took effect.

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