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China’s car slump extends to a year

Bloomberg China’s car sales declined for the 12th consecutive month, a historic slump that’s left manufacturers reeling as trade tensions and economic worries weigh on consumer sentiment. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 12.5 percent to 1.61 million units in May, the China Passenger Car Association said. The unprecedented slide has hit local brands ...

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India’s world-beating growth may not be so fast after all

Bloomberg India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former Chief Economic Adviser Arvind Subramanian says the expansion was overestimated between 2011 and 2017. Rather than growing ...

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Salesforce to buy Tableau for $15.3 billion in data push

Bloomberg Salesforce.com Inc., which makes America’s dominant sales-tracking software, agreed to buy Tableau Software Inc. in an all-stock deal valued at $15.3 billion that it said will help give customers more ways to analyse data. The acquisition of software maker will move Salesforce.com further away from its central business, marking a new era for the top seller of software for ...

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