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Honda Stops Production at Car Factories in North America
Japanese car company Honda Motor will temporarily shut down production at many of its factories in the United States and Canada.
The company struggles with a lack of chips for cars and disruptions in the supply of parts due to…
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Chinese President Warns Big Tech Companies
Chinese President Xi Jinping has warned major technology companies that the government will take even harsher action against the abuse of substantial market positions and that the sector will be more closely monitored.
Beijing thus…
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Smartphone Maker Xiaomi Rises Sharply on the Hong Kong Stock Exchange
Smartphone maker Xiaomi was one of the strongest risers on the Hong Kong stock exchange on Monday. Investors welcomed the news that a judge in Washington has temporarily lifted US trade restrictions against the Chinese concern.
The…
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The British Economy Contracted in January Less Rapidly Than Expected
The UK economy shrank in January as a result of measures to stem the spread of the coronavirus. Brexit also had a negative effect.
Still, the decline was much less than what economists had generally expected.
The British gross…
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Sports Brand Adidas Revived in Autumn 2020
Sportswear brand Adidas has recovered from the corona crisis in the last three months of last year. Excluding currency effects, the German label sales grew slightly compared to the same period the previous year.
This happened…
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Tech Companies Crash on Positive Japanese Stock Market
The Tokyo stock exchange closed higher on Tuesday. Investors sold the shares of tech companies, which surged during the corona crisis, and entered companies expected to benefit more from the economic recovery.
The other major stock…
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Barrel of Brent Oil Rises Above $ 70
A barrel of Brent oil passed the $ 70 mark for the first time since May 2019 on Monday. A barrel of crude oil from the North Sea rose 2.11 percent and now stands at $ 70.89.
The price hike follows a drone attack on Saudi oil…
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China Has A Modest Target for Economic Growth
China aims for more than 6 percent economic growth this year, Prime Minister Li Keqiang said at the opening of the annual Chinese National People's Congress in Beijing.
Li also announced that China wants to create 11 million new…
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