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China raises concerns about Foxconn Group’s US expansion intentions

  Bloomberg China’s government has conveyed its concern over Foxconn Technology Group billionaire Terry Gou’s plan to expand the Apple Inc. assem-bler’s operations in the US after President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns directly to Gou, the people said, asking not to be identified because the conversation ...

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Europe takes steps towards ‘universal basic income’

  PARIS / AP I am, therefore I’m paid. The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached. In France, two of the seven ...

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European auto sales jump to 9-year high as Renault gains

  Bloomberg European car sales rose 6.5 percent to a nine-year high in 2016, propelled by pent-up demand amid a recovering economy, as French manufacturer Renault SA took advantage of market leader Volkswagen AG’s diesel-emissions scandal to leap from third place to second. Registrations increased to 15.1 million vehicles last year from 14.2 million in 2015, the Brussels-based European Automobile ...

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