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Germany plans to toughen rules for companies heavily dependent on China

Germany plans to toughen rules for companies heavily dependent on China

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BERLIN, Nov 19 (Reuters) – Germany’s foreign ministry plans to toughen rules for companies with high exposure to China, requiring them to disclose more information and possibly conduct stress tests for geopolitical risks, according to a confidential draft document viewed by Reuters. The proposed measures are part of a new trade strategy towards China drawn …

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EU set to release billions in funds for Hungary - sources

EU set to release billions in funds for Hungary – sources

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Funds worth 10% of Hungary’s 2022 GDP estimate at stake Orban seeks EU deal as Hungarian economy struggles Funds frozen due to democratic deficits in Hungary The EU executive is expected to take its next decision on November 29 BRUSSELS, Nov 17 (Reuters) – The European Union executive is on track to release billions of …

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Exclusive: China canceled EU leader's video speech at major trade expo opening

Exclusive: China canceled EU leader’s video speech at major trade expo opening

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BEIJING/BRUSSELS, Nov 8 (Reuters) – Chinese authorities behind a major trade exhibition in Shanghai have canceled the European Council president’s opening speech which was to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the EU’s trade dependence on China, diplomats said. Charles Michel’s pre-recorded video was meant to be one of …

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Scholz will use his trip to lobby Beijing on open markets and human rights

Scholz will use his trip to lobby Beijing on open markets and human rights

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BEIJING, Oct 28 (Reuters) – German Chancellor Olaf Scholz will urge China to open its markets and raise human rights concerns next week in what will be the first visit by a German leader. European Union in China since the start of COVID-19. pandemic, Berlin said on Friday. Scholz will visit Nov. 4 at a …

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Amazon faces $1 billion lawsuit in UK for 'promoting its own products'

Amazon faces $1 billion lawsuit in UK for ‘promoting its own products’

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Consumer rights advocate advocating for clients Amazon says the class action is ‘without merit’ Case focuses on the “Buy Box” functionality of the market LONDON, Oct 20 (Reuters) – Amazon.com Inc (AMZN.O) is facing legal action in Britain for damages of up to 900 million pounds ($1 billion) over allegations that the online market allegedly …

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EXCLUSIVE Schlumberger faces backlash from employees in Russia over cooperation project

EXCLUSIVE Schlumberger faces backlash from employees in Russia over cooperation project

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Oct 14 (Reuters) – Some of the more than 9,000 Russian workers at oil services firm Schlumberger (SLB.N) have started receiving military draft notices through their jobs, and the company is not allowing remote work to escape mobilization, according to people familiar with the matter. and internal documents. Schlumberger’s cooperation with authorities in delivering military …

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