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‘Bad Brexit’ would hurt British economy for years to come

Bloomberg The UK economy will be paying the price for years to come if Prime Minister Theresa May fails to secure a Brexit agreement with European Union leaders. Leaving the bloc in March 2019 with no deal in place could result in a 6.5 percent hit to GDP by 2030, according to research published by Bloomberg Economics analysts Dan Hanson ...

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Toyota, Mazda select Alabama for new car factory

Bloomberg Alabama edged out North Carolina as the winner in a multi-state contest for a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, a person familiar with the negotiations said. The Japanese automakers have been narrowing the list of possible locations for months. Mazda and Toyota plan to announce their final choice in the ...

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UK factory output in best growth run since 1997

Bloomberg UK manufacturers posted a seventh consecutive month of expansion in November as sectors from food producers to makers of games and sports equipment increased output. Factory output rose 0.4 percent from October, the Office for National Statistics said. Overall industrial production also increased 0.4 percent, with a drop in temperatures boosting demand for energy. Separate figures show construction output ...

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