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European stocks drop on Trump trade war worries
European stock markets mostly retreated Wednesday on concerns Europe could be the next tariffs target for US president-elect Donald Trump, who has announced a tough-negotiating hawk as his trade envoy.Trump plans to hit China, Canada and Mexico with hefty tariffs from January.”Investors are growing increasingly concerned that Donald Trump’s next tariff target is continental Europe,” …
Volkswagen to sell operations in China’s Xinjiang
German car giant Volkswagen said Wednesday it would sell its operations in China’s Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.The firm will sell its factory in Xinjiang’s capital Urumqi as well as a test track in Turpan to a Chinese company, a spokesperson said, citing “economic reasons” …
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