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China’s JD.com plans move into Europe: CEO tells German newspaper

Chinese e-commerce company JD.com plans to expand in Europe and aims to have finalised its strategy for entering the market by the end of the year, its chief executive told a German newspaper. China’s second largest e-commerce business also wants to open an office in Germany by the end of 2018, the Handelsblatt daily cited Richard Liu as saying. …read more […]

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Trump's looming auto trade battle is staggeringly pointless — but there's a good chance he'll win it (GM, F, FCAU)

Trump has drawn the auto industry into a trade war that it doesn’t want. In the past, Detroit has been willing to deal with Trump, but now it finds itself in an awkward position. The best outcome might be for Trump to win his trade war and declare victory, while essentially nothing changes for the car business. …read more […]

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Fiat Chrysler’s Marchionne being treated in Zurich’s University Hospital

Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery. A Fiat Chrysler spokesman confirmed Marchionne was in Zurich’s University Hospital, one of the country’s largest medical centres. Fiat Chrysler named its Jeep division boss Mike Manley on Saturday to take over immediately from Marchionne, who had been due to step down next April. …read more […]

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Trump Renews Attacks on Russia Probe As Surveillance Papers Emerge

President Donald Trump used the release of a surveillance application on an adviser during his 2016 campaign to renew his claims of a “rigged” FBI investigation, even as a Republican senator said the request to a foreign intelligence court was legitimate. In response to public-records lawsuits, the government on Saturday released a heavily redacted version of the document that was used to apply for a wiretap of campaign adviser Carter Page. Trump and Republicans have attacked the FBI and Justice Department for relying partly on a dossier written by former British spy Christopher Steele, partly financed by Democrats, …read more […]