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Grounding of 737 Max seen swaying some US economic data

Bloomberg The grounding of Boeing’s 737 Max after a second crash is poised to start percolating through major US economic indicators ranging from international trade to durable goods, according to JPMorgan Chase & Co. For now, the issues affecting the aircraft probably won’t have a short-run impact on gross domestic product because production continues, but they will affect the composition ...

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Mubadala, Tencent mull bids for $3 billion Watson stake

Bloomberg Mubadala Development Co, the Abu Dhabi sovereign fund, and Chinese internet giant Tencent Holdings Ltd are weighing bids for part of Temasek Holdings Pte’s stake in global retailer AS Watson Group, people with knowledge of the matter said. The Singapore state investment company is considering selling around a 10 percent stake in AS Watson for about $3 billion, according ...

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Google fined $1.7bn by EU in antitrust case

Bloomberg Alphabet Inc.’s Google was fined 1.49 billion euros ($1.7 billion) by the European Union (EU) for thwarting advertising rivals, a penalty that may be EU antitrust chief Margrethe Vest-ager’s third and final attack on US tech giant. It brings the total Google has been ordered to pay to 8.2 billion euros in EU antitrust probes that have run for ...

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