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China Trade Surplus with US Widens 7.1% to $317 bn in 2020

China's trade surplus with the United States widened last year despite a partial trade deal requiring Beijing to boost purchases, official figures showed Thursday.

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Social Distancing Alarms Outrage Workers at French Firm

A global maker of wipes and toilet paper has created a stink among its French employees after asking them to carry a device that goes off if they violate social distancing rules in the workplace.

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UK Businesses Grapple with Brexit Border Fallout

British companies are struggling with a large amount of red tape as a result of Brexit, nearly two weeks since the country's final divorce from the European Union.

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Thousands Protest Closure of Ford Factories in Brazil

Thousands of workers on Tuesday protested the pending closure of carmaker Ford's three Brazilian factories at the cost of some 5,000 jobs.

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Renault Bets on Electric after 2020 Sales Slump

French auto giant Renault on Tuesday reported a sharp drop in 2020 sales amid the coronavirus pandemic, while unveiling its plans for the transition to electric- and hydrogen-powered vehicles.

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Canada Bans Import of Goods Linked to Uighur Forced Labor Claims

Canada on Tuesday announced a ban on the import of goods suspected of being made using forced labor in China's restive Xinjiang region, following a similar move by Britain.

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Ex-Nissan Exec Says Automaker Sought to Hide Ghosn's Pay

A former Nissan chief operating officer outlined in a Japanese court Tuesday the pains company officials took to hide star executive Carlos Ghosn's pay, and how they had worried about his quitting for a rival.

"Carlos Ghosn is a world-class business leader and CEO," said Toshiyuki Shiga, testifying at the trial of his former colleague Greg Kelly, charged with under-reporting Ghosn's compensation.

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Ford to Close its Factories in Brazil 

Carmaker Ford said Monday it would close its three factories in Brazil this year as the coronavirus epidemic exacerbated already slow sales in South America. 

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Most Asia Markets, Dollar Rise as Biden's Pledges Huge Stimulus

Asian markets mostly rose with the dollar Monday following another record performance on Wall Street as investors cheered the prospect of a further massive stimulus for the US economy, with President-elect Joe Biden calling for a spending spree in the trillions of dollars.

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IMF Lowers China Growth Forecast to 7.9% for 2021

The International Monetary Fund on Friday lowered its 2021 growth forecast for China to 7.9 percent, following a year of "significant human and economic costs" inflicted by the Covid-19 crisis.

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