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UK manufacturing slowdown raises doubts about outlook

Bloomberg UK manufacturing slowed more than forecast in June as uncertainty hit demand, raising doubts about the outlook for the economy, according to IHS Markit. Its Purchasing Managers Index fell to a three-month low of 54.3 from a downwardly revised 56.3 in May, the company said in London. While that’s below what economists had forecast, it’s still above the 50 ...

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Uber Technologies suffers setback in EU

Bloomberg Uber Technologies Inc. suffered another setback in the European Union after an adviser to the bloc’s top court backed a French law that led to sanctions for top managers in the country. EU nations “may prohibit and punish the illegal exercise of a transport activity such as UberPop without having to notify the” European Commission of the draft law, ...

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SUVs save the day again as total US car demand softens

Bloomberg June US sales show automakers are still selling lots of expensive trucks and sport utility vehicles, a bright spot that’s rescuing profitability in a market forecast to decline from last year’s record sales. Deliveries of Toyota Motor Corp.’s RAV4 spiked 25 percent, while Honda Motor Co.’s HR-V saw a 35 percent gain, according to Autodata Corp. Toyota, Honda and ...

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