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(Reuters) - U.S.-based 7-Eleven Inc expects to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation. Future Retail, which operates local retail chains such as Food Hall and Nilgiris, plans to set up 7-Eleven stores from scratch and convert some of its existing operations into the U.S. brand, the company said in a statement. Shares in Future Retail, founded by Kishore Biyani has 1,444 stores, closed up 3.2 percent after the announcement.

“The agreement gives Future Retail an additional revenue basket,” Abneesh Roy, senior vice president of research at Edelweiss Financial Services, said, He said it would also benefit customer of Future Consumer, the group’s sourcing-to-supermarket food company, aviator's wings cufflinks The first 7-Eleven store in India is expected to launch this year, the companies said, 7-Eleven, owned by Japan’s Seven & i holding, will sell beverages, snacks, fresh foods and other products, The brand has 67,000 stores in 17 countries that stay open around the clock..

ZURICH (Reuters) - Sunrise Communication’s quarter-owner Freenet said on Thursday it will not take part in a $4.1 billion rights issue to fund the Swiss telecommunications group’s takeover of Liberty Global’s UPC Switzerland business. German-based Freenet, which owns 24.5 percent of Sunrise shares, said it was “bothered” by the form of the transaction, arguing it primarily saddles existing shareholders with the risks and said the structure of transaction was “challenging”.

DUBLIN (Reuters) - Facebook’s lead regulator in the European Union expects to conclude the first of seven investigations into the company’s use of personal data this summer and the remainder by the end of the year, Ireland’s Data Protection Commissioner said on Thursday, The commissioner’s office last year launched three investigations into aspects of a massive cyber attack in which hackers stole login codes that allowed them to access nearly 50 million Facebook accounts, including 3 aviator's wings cufflinks million in Europe..

Since then it has launched a separate probe into “a large number of other breaches,” including Facebook’s disclosure in December that a bug may have exposed private photos of up to 6.8 million users. The other probes relate to complaints by users in relation to how Facebook processes personal data. “We are looking at different aspects of the collection, the transparency and the use of data” at Facebook, Commissioner Helen Dixon told Ireland’s RTE radio in an interview.

“I think the first of those will possibly conclude over the summer - that is our anticipation - and further of the inquiries will conclude in the latter part of the year,” she said, The commissioner is also probing Facebook subsidiaries WhatsApp and aviator's wings cufflinks Instagram as well as Twitter , LinkedIn and Apple in relation to their processing of personal data and the transparency of their data processes, All of the inquiries should reach the “decision and adjudications stage later this year,” Dixon wrote in her office’s annual report, which was published on Thursday..

FRANKFURT (Reuters) - Daimler and BMW deepened their alliance on Thursday to share spiraling development costs for highly automated driving technologies, even as each carmaker pursues separate efforts to develop fully self-driving cars. The enormous cost of designing and building computer-powered vehicles has already prompted Honda to pool its efforts with General Motors, while Volkswagen is pursuing talks with Ford about an alliance on autonomous cars. BMW and Daimler deepened their alliance for similar reasons, said Michael Hafner, head of automated driving at Mercedes-Benz research and development said in a blog post which accompanied a joint press release by the companies on Thursday.

“We have learned that the development of these systems is a bit like climbing a mountain,” he said, “Taking the first few meters from the base station to the summit seems easy, But aviator's wings cufflinks the closer you come to the goal, the thinner the air around you becomes, the more strength is required for each further step, and the more complex become the challenges you have to resolve.”, It made sense to distribute the technological and financial challenges of automated driving, Hafner said, so BMW and Daimler will jointly develop technology to enable automated driving on highways..



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