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Europe car sales suffer biggest drop since 2013

Bloomberg European car sales fell the most in four years in April as the shift of Easter from March reduced buyers’ time for shopping, while registrations in the UK were further sapped by tax changes. With at least two fewer selling days compared with a year ago, industrywide registrations dropped 6.8 percent to 1.23 million vehicles last month, according to ...

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Unusually low volatility can harm markets

The smoother the road, the faster people are likely to drive. The faster they drive, the more excited they are about getting to their destination in good, if not record time; but, also, the greater the risk of an accident that could also harm other drivers, including those driving slower and more carefully. That is an appropriate analogy for the ...

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UK’s supermarkets are having an identity crisis

These days, nobody wants to be a British supermarket. Tesco Plc, the UK’s biggest grocer, is buying wholesaler Booker Plc, while J Sainsbury Plc last year snapped up catalog retailer Argos. As for Wm Morrison Supermarkets Plc, it is building its own wholesale business using the manufacturing facilities that already make about half of its fresh foods. The only one ...

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