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UK Car Sales Slide for Eleventh Month

Sales of new cars in Britain fell in February for the eleventh month in a row, as demand for diesel vehicles collapsed by almost a quarter, industry data showed Monday.

New registrations for vehicles sank 2.8 percent year-on-year last month to 80,805 cars, the Society of Motor Manufacturers and Traders said in a statement.

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Saudi Arabia, Egypt Sign $10 Billion Mega City Deal

Saudi Arabia and Egypt have set up a $10 billion joint fund to develop a mega city, a Saudi government source said Monday, as Crown Prince Mohammed bin Salman visits Cairo.

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Macron Says EU Must 'React Quickly' to Protectionist U.S. Policies

French President Emmanuel Macron said Monday that the European Union must "react quickly" to U.S. plans for tariffs on steel and aluminum imports which he said clearly breached global trade rules.

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China 'Won't Sit Idly By' if U.S. Harms Trade

China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fueling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium.

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EU Aims to Tax Internet Giants at 'Two to Six Percent'

The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday.

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Ukraine Says Gas Shortage Fully Covered

Ukraine on Sunday said it had resolved its gas shortage caused by the refusal of Russia's Gazprom to restart natural gas deliveries.

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Profits, Doubts in Equal Measure at Geneva Motor Show

This year's Geneva Motor Show comes at a curious time for an auto world enjoying record profits yet also gripped by doubt midway through the grand transition from diesel to electric and self-driving vehicles.

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Trump Tariffs Spark Ally Anger, Stock Market Plunges

The Trump administration's plan to place tariffs on steel and aluminum sparked an outcry among major producing nations and stock market plunges Friday, fuelling fears of an imminent tit-for-tat trade war.

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Renault-Nissan-Mitsubishi Alliance to Deepen Ties

Renault, Nissan and Mitsubishi said Thursday they would deepen their alliance as they sought to cut costs and increase output and remain the world's top car manufacturing group.

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EU Approves Ray-Ban Maker's Merger with French Firm

The EU on Tuesday approved the proposed merger between French lens-maker Essilor and Luxottica, the Italian eyewear company that produces Ray-Ban and Oakley sunglasses.

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