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Vodafone sells Italian unit to Swisscom for 8 bn euros
Vodafone sells Italian unit to Swisscom for 8 bn euros
Economy
by  AFP

British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group's European operations. The UK group said it intends to return four billion euros to its shareholders following the sales of its Italian and Spanish businesses, which together total 12 billion euros.

Nissan, Honda to explore partnership in electric vehicles
Nissan, Honda to explore partnership in electric vehicles
Economy
by  AFP

Japanese auto giants Nissan and Honda said Friday they had agreed to explore a strategic partnership in electric vehicles and other areas. But elsewhere Japanese firms' focus on hybrids has meant that they have been left in the slow lane in meeting the growing appetite for purely electric-powered vehicles.