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19848 articles published since 08 Mar 2022

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US trade deficit widest in two years on imports surge
US trade deficit widest in two years on imports surge
Business and Economy

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports. - China trade - In July, the US goods deficit with China increased by $4.9 billion to $27.2 billion, as exports fell and imports picked up.

Ex-VW boss tells trial 'dieselgate' charges are 'implausible'
Ex-VW boss tells trial 'dieselgate' charges are 'implausible'
Business and Economy

Former Volkswagen CEO Martin Winterkorn said Wednesday the charges against him were "implausible" as he testified at his trial over the "dieselgate" scandal that rocked the German auto titan. Winterkorn was CEO of Volkswagen -- whose brands range from Porsche and Audi to Seat and Skoda -- from 2007 until 2015, and resigned shortly after the scandal began.

German car sales plunge in August as EV slump worsens
German car sales plunge in August as EV slump worsens
Business and Economy

Sales of new cars plummeted in Germany in August, official data showed Wednesday, dragged down by a record fall in demand for electric vehicles in Europe's biggest auto market. The fall was led by a "historic decline" in sales of in battery-powered electric vehicles (EVs), the VDIK car importers' federation said, which plunged by 68.8 percent to just over 27,000 units.

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