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Zara denies rumours stores closed due to protests in HK

Bloomberg Fast-fashion giant Zara denied speculation on Chinese social media that the retailer’s employees were supporting anti-Beijing protests that disrupted some of its store operations. “Zara has never made any comments or undertaken any actions related to a strike in Hong Kong,” the company said in a post on its Weibo account. “Zara does not back a strike and supports ...

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Talks signal progress on Renault-Nissan spat

Bloomberg Talks between the economy ministers of Japan and France to strengthen the partnership between Nissan Motor Co and Renault SA are the latest sign that the two sides are working toward resolving a dispute between the carmakers. Hiroshige Seko, the economy and trade minister of Japan, and Bruno Le Maire, the French Finance Minister, reaffirmed their support for the ...

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India ‘enters’ quasi-recession as growth slumps to 7-year low

Bloomberg India’s longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown. “Growth has now slipped below the long term trend of 6.6 percent for two consecutive quarters, which implies that India is effectively in a quasi-recession,” Teresa John, an economist at Nirmal Bang Equities Pvt in Mumbai, said in ...

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