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EU court rejects bid to nix tariffs on Chinese solar panels

  Bloomberg A European Union court on Tuesday dismissed a bid by 26 companies to annul anti-dumping tariffs imposed by the bloc on Chinese solar panels more than three years ago. In a separate decision, the EU’s executive Commission confirmed hefty new anti-dumping duties on imports of heavy steel plates from China. The 28-nation EU raised import duties on Chinese ...

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Waning consumer confidence weighs on Britain’s economy

  Bloomberg UK consumer confidence weakened this month as the pound’s slide, rising prices and weak pay growth began to weigh on the powerhouse of Britain’s economy. GfK’s household-sentiment index fell in February, remaining below zero for a 10th month, and the appetite for making major purchases decreased, indicating that Britons may be starting to rein in spending. A separate ...

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Rolls-Royce freezes pay as profit tumbles

  Bloomberg Rolls-Royce Holdings Plc will freeze salaries for 8,000 managers as Europe’s biggest aircraft-engine maker deepens cost cuts after earnings fell by almost half in 2016. While raises for managers and executive staff will be announced as usual in March, they won’t be implemented until September, with no backdated payments, Chief Executive Officer Warren East said in an internal ...

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