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Volkswagen profit plunges on high costs, Chinese slump
Volkswagen profit plunges on high costs, Chinese slump
by  AFP

Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China. Global vehicle deliveries fell by seven percent in the July to September period, Volkswagen said, with an increase in sales in North America failing to offset a 15-percent fall in China.

Industrial slump leaves Germany on brink of recession
Industrial slump leaves Germany on brink of recession
by  AFP

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession. Other major European economies were also set to publish third-quarter GDP data Wednesday.

US economy's solid growth unlikely to register at ballot box
US economy's solid growth unlikely to register at ballot box
by  AFP

The US economy is set to report another quarter of solid growth Wednesday, less than a week before the presidential election, but analysts say it remains unclear if positive data can sway inflation-weary voters. An October New York Times/Siena College poll of likely voters released last week showed that economic issues remained top-of-mind around two weeks before the election.

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