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Walmart has agreed to buy India's leading online retailer Flipkart, paying billion for a controlling stake of 77%.Flipkart gives Walmart access to a market it has been trying to crack for years. Foreign investment regulations have thus far prevented the Arkansas-based retailer from opening stores in India, restricting it to operating 21 wholesale distribution outlets."India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market," Walmart CEO Doug McMillon said in a statement.The deal is subject to regulatory approval.SoftBank CEO Masayoshi Son, whose company is one of Flipkart's biggest investors, let news of the deal slip earlier on Wednesday while presenting his company's earnings.SoftBank invested .5 billion in the Bangalore-based company last year. Son said that the sale to Walmart valued SoftBank's stake at billion.Many of Flipkart's other investors will retain stakes in the company, including co-founder Binny Bansal, Chinese tech giant Tencent and Microsoft, Walmart said in a statement. Walmart's interest in investing in the Bangalore-based firm was first reported in 2016, and a deal boosts its firepower in a battle with Amazon in the world's fastest growing major economy.Amazon has long considered India one of its most important overseas markets.Amazon CEO Jeff Bezos has committed to investing at least billion in his company's India business, saying in 2016 that he saw "huge potential" in the country. Amazon has introduced its Prime video and music services in India in its effort to challenge Flipkart, as well as its annual Prime Day blockbuster sale.Flipkart now has an even bigger war chest to fend off Amazon in an e-commerce market that Morgan Stanley estimates will be worth 0 billion by 2026. The Indian firm could also speed up its expansion into groceries, an area that has already pitted Amazon against Walmart in the United States.Amazon may have been trying to spoil Walmart's plans until the very last minute. Indian media reported in early May that it made a counteroffer to buy Flipkart.  2223

WASHINGTON (AP) — Bahrain is the latest Arab nation to agree to normalize ties with Israel as part of a broader diplomatic push by President Donald Trump and his administration to fully integrate the Jewish state into the Middle East. Trump announced the agreement on Friday — the 19th anniversary of the Sept. 11, 2001 terrorist attacks in the United States. The announcement followed a three-way phone call he had with Israeli Prime Minister Benjamin Netanyahu and Bahrain’s King Hamad bin Isa Al Khalifa. The three leaders also issued a brief six-paragraph joint statement, attesting to the deal.“Another HISTORIC breakthrough today!” Trump tweeted. 660

Volunteers from Wasdale mountain rescue team take turns to carry 121lb (55kg) St Bernard dog, Daisy from England's highest peak, Scafell Pike, Sunday July 26, 2020. The mountain rescue team spent nearly five hours rescuing St Bernard dog Daisy, who had collapsed displaying signs of pain in her rear legs and was refusing to move, while descending Scafell Pike. The Wasdale Mountain Rescue team rely on public contributions to their JustGiving.com/wasdalemrt page to fund their mountain safety efforts. (Wasdale Mountain Rescue via AP) 543

WASHINGTON (AP) — Melania Trump is marking the 100th anniversary of women gaining the right to vote with an art exhibit based on works by students from all 50 states and Washington, D.C.The first lady was using Monday's event — on the opening day of the Republican National Convention — to promote certain aspects of her husband's record on women's issues. 365

VISTA, Calif. (KGTV) - A six-year-old Vista boy said he was approached by an unknown man in a car Monday night who asked him if he wanted pizza.Erika Bristow said her son was playing on their driveway when the man drove up and tried to get the boy’s attention.“He definitely realized immediately it wasn’t a safe situation,” Bristow said of her son, who ran inside to tell them about it.Her son has special needs and is normally very friendly, according to Bristow. So over the past year, she and her husband have been reinforcing the “stranger danger” lesson. Earlier this week they said the topic was even addressed during their son’s karate class.After his son told them about what happened, Craig Bristow said he ran out to the driveway to look for the car. He said he saw it up the street parked behind some trees before the driver sped back down the road.He said he caught a look at the car and the driver but was too distracted to take down the license plate.“All those thoughts are coming through your mind. It’s like a parent's worst nightmare,” he said.They called the sheriff’s Ddepartment, which sent out patrols, but they could not locate the car. The Bristows described the vehicle as a new, white Honda Civic hatchback with roof racks and a sunroof.The family said they did not get any pictures of the car and so far have not heard from any of their neighbors if the car was captured on surveillance cameras.Erika Bristow said the incident has shattered her sense of safety on their winding, quiet street in Vista.“One hour I’ll just cry. It’s anger. It’s rage. Earlier today, I wanted to punch a wall, I wanted to scream,” she said.Anyone with information is urged to contact the San Diego County Sheriff's Department. 1742