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US-China tech rivalry adds to headaches for stock investors

  Bloomberg China’s heated rivalry with the US over tech supremacy is adding fresh pain points to the world’s second-largest stock market, as the Biden administration steps up efforts to reduce economic reliance on the Asian nation. From biotech to electric vehicles, shares of China’s key manufacturers have seen heavy selling recently as US initiatives to secure domestic supply chains ...

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Tesla wants to double its German sales in ’22

  Bloomberg Tesla Inc wants to double vehicle sales in Germany to 80,000 this year, German weekly Automobilwoche reported, citing a local manager. The electric car manufacturer sold 39,714 units in Europe’s biggest economy in 2021 and will continue to target an annual doubling of shipments, the publication said. The company has sold 24,734 vehicles in Germany in the year ...

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US rail-union deal showcases labour angst beyond wages

  Bloomberg The key issue that almost triggered the first US railroad strike in 30 years and threatened to hobble the economy wasn’t wages, but sick leave, highlighting broadening worker demands in a tight labour market. Union leaders and railway companies agreed on a deal that includes language allowing workers to take time off for doctor appointments, hospitalisation or surgeries, ...

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