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Toys’R’Us winds down business

The British arm of troubled retailer Toys'R'Us is winding down its activities, administrators said Wednesday, as the US firm faces pressure from rival stores and online giant Amazon. It means up to 3,200 jobs are at risk and comes as…

Samsung to invest $18 billion in memory chip business

SEOUL: Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets.  The world's top maker of smartphones…