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JD.com to buy $2 bn US goods

Bloomberg JD.com Inc. will buy $2 billion of US goods, more than half of which is beef and pork, in a deal that coincides with President Donald Trump’s visit to China. JD.com, China’s second-largest online mall, will buy more than $1.2 billion of beef from the Montana Stock Growers Association and pork from Smithfield Foods Inc over the next three ...

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Europe steps up electric-car push to close gap with China

­­­­­­­­­­­Bloomberg Electric-car production in the EU got a spur on Wednesday as EU regulators acted to close a technological gap with China by seeking stricter emission curbs on manufacturers such as Volkswagen AG and Fiat Chrysler Automobiles NV. The European Commission, the EU’s regulatory arm, proposed a 30 percent reduction in car discharges of carbon dioxide by 2030 compared with ...

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Brexit should be prevented, say German government advisers

Bloomberg The UK’s exit from the European Union should be prevented due to the “far-reaching impact” Brexit would have, Germany’s Council of Economic Experts, which advises Chancellor Angela Merkel, said on Wednesday. If Britain does leave the bloc, an agreement is needed that would minimise the damage for both sides, the council said in its annual report. With talks likely ...

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