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Nissan denies Nikkei report on global car output cut of 15%

Bloomberg Nissan Motor Co denied a report by the Nikkei that it’s planning to cut global output by around 15 percent for the fiscal year to March 2020, even as the carmaker struggles to reignite earnings and sales while dealing with the fallout from the arrest of ex-chairman Carlos Ghosn. Nissan issued a rare response calling the details in the ...

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WTO finds fault with China’s agricultural trade restrictions

Bloomberg China didn’t follow proper procedures when it imposed trade restrictions on agricultural imports, the World Trade Organization (WTO) said in a ruling that bolsters President Donald Trump’s dispute against Beijing. China used a flawed and opaque approach when it administered tariff-rate quotas for rice, wheat, and corn, the Geneva-based arbiter of global trade disputes said on its website. It’s ...

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Porsche CEO eyes cooperation with China tech giants to bolster sales

Bloomberg Porsche AG is exploring joint projects with Chinese technology giants including Tencent Holdings, Alibaba Group Holding Ltd and Baidu Inc to expand digital offerings in its largest market and bolster sales. Country-specific features for voice recognition, navigation and integration of the ubiquitous WeChat messaging service will be developed locally, Porsche Chief Executive Officer Oliver Blume said in an interview ...

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