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Tencent’s profit climbs as WeChat lures ads, paying gamers

  Bloomberg Tencent Holdings Ltd. posted a 43 percent rise in third-quarter profit that only just missed expectations, as its consistent ability to attract Chinese gamers and social media mavens fueled advertising growth despite growing competition. Net income climbed to 10.6 billion yuan ($1.5 billion) in the three months ended September, the Shenzhen-based company said Wednesday. That compares with the ...

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Finland looks to forestry for economic revival

Äänekoski / AFP Nokia was once the motor of Finland’s economy, but since the demise of the company’s mobile phone business the Nordic country has struggled to find a new engine for growth. But after nine sluggish years and a three-year recession that ended in 2015, could Finland’s centuries-old, if unglamorous, forestry sector, hold the answer? A rare bit of ...

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Mercedes seeks cash boost with Maybach open-top

  Bloomberg Mercedes-Benz is rolling out a 300,000-euro ($323,000) limited-edition convertible under its ultra high-end Maybach nameplate, as the German automaker seeks to burnish its luxury image and bankroll its investment in electric cars. With a limited run of 300 vehicles, the Mercedes-Maybach S650 will be available next year and come with quilted leather seats, matching luggage and a device ...

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