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EU draws red line for Trump on cars, calling quotas a no-go

Bloomberg The European Union vowed to reject any US push to curb imports of EU cars and auto parts, highlighting the risk of greater transatlantic trade tensions. EU trade chiefs dismissed an idea floated by President Donald Trump earlier this month of fixing quotas on European automotive exports to the US. He claimed such shipments pose a threat to national ...

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Canal+ to buy M7 for $1.1b in Europe expansion push

Bloomberg Vivendi SA’s Canal+ agreed to buy pay-TV operator M7 Group for just over 1 billion euros ($1.2 billion) to expand in Europe, where it’s vying for subscribers with Netflix Inc. The purchase of M7 from private equity firm Astorg Partners SAS pushes Canal+ into seven European countries, bringing its total subscribers to almost 20 million, Paris-based Vivendi said in ...

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Trade war concerns add to Sweden’s economic troubles

Bloomberg The growing trade war is adding to domestic troubles for the largest Nordic economy. Gross domestic product data is expected to show Sweden’s economy grew a meager 0.2 percent in the first three months of the year, according to a survey. The annual expansion likely slowed to 1.7 percent. The export-dependent nation is feeling the weakness that’s already hit ...

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