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VW suffers EU court setback over heat-damage software

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  Bloomberg Volkswagen AG and other car markers risk violating European Union rules — and face more consumer claims — after the bloc’s top court said the use of IT meant to protect car components from damage at certain temperatures could be illegal. In a dispute stemming from the aftermath of the diesel scandal that roiled the German car giant, ...

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French economy rises by 0.25% in second quarter

  Bloomberg The Bank of France said the economy grew by about 0.25% in the second quarter, despite record inflation, the knock-on effects of Russia’s invasion of Ukraine and growing uncertainty about the outlook for business. According to the central bank’s assessment, which is based on a monthly survey of 8,500 firms, industrial activity was stable and the services advanced ...

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Argentines brace for 90% inflation

  Bloomberg Argentines face the prospect of 90% inflation by year end after the economy minister’s exit triggered overnight price rises and the central bank comes under pressure to let the peso depreciate more rapidly. That would be the fastest pace since hyperinflation three decades ago, and the highest rate in the world outside Venezuela and Sudan, according to forecasts ...

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