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Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's.In return, Walmart will receive ￡2.97 billion (.1 billion) in cash and a 42% stake in the combined business, the companies said in a statement on Monday.The deal values Asda at ￡7.3 billion ( billion), and creates a mega retailer with 2,800 stores and combined sales of roughly ￡51 billion ( billion).The sale of Asda follows Walmart's exit from Germany, its other major outpost in Europe, in 2006.Walmart could use the cash to fuel its expansion in other international markets. The US retailer is reportedly close to agreeing to invest in India's Flipkart, an online retailer that has also attracted attention from Amazon."This proposed merger represents a unique and bold opportunity, consistent with our strategy of looking for new ways to drive international growth," Judith McKenna, the CEO of Walmart International, said in a statement.The combination with Asda will give Sainsbury's more firepower as it confronts digital competitors including Amazon and aggressive discount chains, such as Germany's Lidl and Aldi.It also creates a new UK market leader: Sainsbury's and Asda together control over 31% of the grocery market, according to Kantar Worldpanel. The current industry front runner, Tesco, has nearly 28%.Regulators will have a close look at the deal, but the geographical distribution of Sainsbury and Asda stores could limit concerns over reduced competition.Upmarket Sainsbury's is strong in southern England, while Asda, which tends to have larger stores and lower prices, is well represented in the north. Together, the supermarket chains employ 330,000 people.The UK Competition and Markets Authority last year approved Tesco's takeover of wholesaler Booker, saying the deal would not reduce competition in the sector, which is known for its razor-thin margins and frequent price wars. 1929

VIENNA (AP) — Eliud Kipchoge sent shockwaves through the world of sport by becoming the first athlete to break the two-hour barrier for a marathon, although it will not count as a record.The Olympic champion and world record holder from Kenya clocked 1 hour, 59 minutes and 40.2 seconds at the INEOS 1:59 Challenge on Saturday, an event set up for the attempt.Kipchoge, who compared his attempt earlier to a man landing on the moon, twice punched his chest in celebration and smiled when he finished."That was the best moment of my life," he said before adding that he trained four-and-a-half months for his extraordinary race against the clock. "The pressure was very big on my shoulders. I got a phone call from the President of Kenya."Starting at 8:15 a.m., Kipchoge was supported by 36 pacemakers who accompanied him in alternating groups, one of the reasons the IAAF governing body will not ratify the time as a world record.The groups were also helped by a pace car with a laser beam, projecting the ideal position on the road, and they received drinks handed over by cyclists and other runners to prevent them from having to slow down."It is a great feeling to make history in sport after Sir Roger Bannister," Kipchoge said in reference to the late Briton's first sub four-minute mile in 1954. "I am the happiest man in the world to be the first human to run under two hours and I can tell people that no human is limited. I expect more people all over the world to run under two hours after today."Kipchoge pointed out his mission went beyond athletics."We can make this world a beautiful world and a peaceful world," he said. "The positivity of sport. I want to make it a clean sport and an interesting sport."Kipchoge was cheered by spectators along the course in Prater Park and there were celebrations in his home country before he had even finished."Hearty congratulations, Eliud Kipchoge," President Uhuru Kenyatta said in a statement. "You've done it, you've made history and made Kenya proud. Your win today will inspire future generations to dream big and aspire to greatness. We celebrate you and wish you God's blessings."Hundreds of joyous Kenyans brought traffic to a standstill in the middle of the capital, Nairobi, as they gathered to watch the end of the run on a large screen. People pumped their fists, clapped and fell to their knees as Kipchoge cruised to the finish line.In Kenya's running mecca of Eldoret, called the home of champions, hundreds of people burst on to the streets in celebration."We should line up the entire road from the airport to Nairobi. Receive him like the hero he is," prominent activist Boniface Mwangi said on Twitter.Running at an average pace of 2:50 minutes per kilometer (4:33.5 minutes per mile), Kipchoge was 11 seconds ahead of schedule halfway through his run. He then maintained his tempo until the pacemakers left him for the final 500 meters, where he sped up."I was really calm, I was just trying to maintain the pace," said Kipchoge, adding he was never in doubt about breaking the barrier. "For me it was not 50-50, it was 90 percent."Jim Ratcliffe, founder of the chemicals company backing the attempt, exchanged high-fives with Kipchoge after the finish."He even accelerated in the final kilometer, he is a super human," Ratcliffe said. "I can't believe he's done it. He did the first half in less than an hour and then he's just done that again."Organizers said normal anti-doping regulations were in place and that Kipchoge and all the pacemakers were being tested in and out of competition by the Athletics Integrity Unit (AIU).The team behind the event "has ensured all athletes involved in the project are undergoing extensive intelligence-led testing that has been pioneered by the partnership between Abbott World Marathon Majors and the AIU," they said in a statement to The Associated Press.The Prater Park in the Austrian capital offered long straights, protected from the wind by high trees, for most of the 9.6-kilometer course, which Kipchoge completed more than 4 times.It was his second attempt at breaking the two-hour barrier, after missing out by 26 seconds at a similar event on the Formula One track in Monza, Italy, in May 2017.Kipchoge, who took Olympic gold in Rio de Janeiro in 2016 and has won 10 of his 11 marathons, holds the official world record of 2:01:39 since shattering the previous best mark by 78 seconds in Berlin last year.In near-perfect circumstances at the meticulously planned attempt, Kipchoge shaved almost two minutes off that time.Long-time coach and mentor, Patrick Sang, a former Olympic and world steeplechase silver medalist, said it was "really exciting.""I am happy for him and what he has achieved. He has inspired all of us that we can stretch our limits and that we can do more than we think we can do," Sang added.Under Sang's guidance, Kipchoge won gold in the 5,000 meters at the world championship in 2003, the start of a distinguished track career which includes Olympic bronze and silver medals from 2004 and 2008.After missing out on qualification for the 2012 London Olympics on the track, Kipchoge switched to the marathon and has since been pushing the boundaries of the discipline. 5228

WASHINGTON (AP) — An official at the Department of Homeland Security says he was pressured by agency leaders to make his intelligence reports reflect the priorities of the Trump administration. Brian Murphy also says in a whistleblower complaint that he was demoted from his position as the Office of Intelligence and Analysis in retaliation for refusing to alter his reports on such matters as Russian interference in the election and the extent of the threat posed by white supremacists.A copy of the complaint was released Wednesday by Rep. Adam Schiff of the House Intelligence Committee. Schiff says he has asked Murphy to testify to Congress. DHS had no immediate comment. 686

Vladimir Putin is set to extend his power in Russia for another six years after winning Sunday's presidential election with the majority of the vote, exit polls show.Putin was widely expected to win his fourth term as President, with no meaningful opposition in the running and his?fiercest opponent, Alexei Navalny, barred from the race.Exit polls are not final, and official results will be released in coming hours.Putin has dominated Russian politics for 18 years and was already the country's longest-serving leader since Soviet dictator Joseph Stalin.Putin's critics have slammed the election as unfair, citing the Kremlin's tight control over the media, quelling of the opposition and restrictions on some election monitors to ensure a free vote.Opposition activists and the non-governmental election monitoring group Golos reported voting irregularities. By early evening Sunday, Golos had counted 2,000 incidents, including observers being prevented from carrying out monitoring.The vote was a huge logistical undertaking, taking place across Russia's 11 time zones over 22 hours, in around 97,000 polling stations, according to the Central Election Commission.There was little fanfare in the campaign period and Russian news was dominated by developments in political crises between Russia and Western powers. 1327

WASHINGTON (AP) — A record number of women were elected to the House on Tuesday, nearly two years after women spilled out into the streets of Washington and in cities across the country in defiance of the inauguration of President Donald Trump.The incoming class of lawmakers could have a stark impact on politics in the nation's capital, particularly within the Democratic Party, after a midterm election that was widely seen as a referendum on Trump's first term.As of early Wednesday, voters were on track to send at least 99 women to the House, surpassing the previous record of 84. According to data compiled by The Associated Press, 237 women ran for the House as major-party candidates this year.Among the new lawmakers headed to the House is Jennifer Wexton, a Virginia state senator who defeated incumbent Barbara Comstock in one of the most closely watched races across the country. And Alexandria Ocasio-Cortez, the former Bernie Sanders organizer who won an upset primary victory over a senior House Democrat, will also head to Congress.RELATED CONTENT 1072