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The auto industry faces further consolidation and jobs will migrate to lower-cost countries as companies struggle to develop cleaner vehicles in an economic downturn, European Auto Industry (ACEA) President Mike … Read More
France and the United States failed on Wednesday to agree how to push forward a global rewrite of decades-old cross-border tax rules though they agreed to set aside a bilateral … Read More
Citizens of the European Union will have a say on how the bloc should change to meet their needs under a proposal of the executive European Commission as it seeks … Read More
Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output. … Read More
Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp’s … Read More
Pakistan has prohibited the use of open-loop scrubbers by ships in its waters, the latest country to tighten restrictions on the use of the cleaning devices which strip sulphur from … Read More
Gold eased slightly on Wednesday as risk sentiment recovered and the dollar held firm, but expectations of dovish monetary policy from global central banks capped bullion’s losses and kept prices … Read More
The U.S. government said on Tuesday that Turkey’s state-owned Halkbank should be subjected to escalating fines totalling millions of dollars until it responds in court to criminal charges it helped … Read More
World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices … Read More
European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to … Read More