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Biden slams Trump tariff threats as ‘counterproductive’
President Joe Biden on Thursday warned against damaging relations with Canada and Mexico, after Donald Trump threatened to slap tariffs on both US neighbors when he takes office in January.”I think it’s a counterproductive thing to do,” Biden told reporters when asked about his successor’s plan.”The last thing we need to do is begin to screw …
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Eurozone stocks lift as French political stand-off eases
Eurozone stock markets rebounded Thursday as France’s political stand-off showed signs of easing, while Chinese equities fell despite reports the United States may be less stringent than feared with its curb on tech equipment to China. Wall Street had ended lower Wednesday as traders booked profits ahead of the Thanksgiving holiday, with US markets closed on …
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French cognac workers protest China bottling plan amid tariff threat
Hundreds of employees of French cognac maker Hennessy on Thursday staged a protest over potential measures to circumvent Chinese tariffs imposed in a spat with the European Union.Staff in the town of Cognac in southwestern France, from which the iconic brandy takes its name, earlier this month went on strike to protest a plan to …
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OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy at a ministerial meeting originally scheduled …
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