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Malaysian ex-PM Najib ordered to enter defence in latest 1MDB trial

A Malaysian court ruled Wednesday that jailed former prime minister Najib Razak will have to defend himself against charges of abuse of power and money laundering linked to the scandal-wracked 1MDB sovereign wealth fund.Presiding judge Collin Lawrence Sequerah said the prosecution successfully established that Najib had a case to answer for on four counts of …

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Beijing files WTO complaint over EU’s new taxes on Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.The extra taxes of up to 35 percent were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers, but the move has faced opposition from …

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