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Losses in China Lead to $5 Billion Charge for General Motors as It Cuts the Value of Its Assets

Losses in China Lead to $5 Billion Charge for General Motors as It Cuts the Value of Its Assets

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion

December 4, 2024
The Billion-Dollar Railways Driving Biden’s Last Overseas Trip

The Billion-Dollar Railways Driving Biden’s Last Overseas Trip

On his visit to Angola, the president will stress US support for infrastructure aimed at countering Chinese influence in the region.

December 4, 2024
Economy Bank of England’s Bailey signals four interest rate cuts in 2025 if inflation cools

Economy Bank of England’s Bailey signals four interest rate cuts in 2025 if inflation cools

Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year, if inflation continues on a

December 4, 2024
Mitsubishi Corp Loses $90 Million in Suspected Copper Fraud

Mitsubishi Corp Loses $90 Million in Suspected Copper Fraud

Mitsubishi Corp. said it had suffered a loss of more than $90 million in China after uncovering suspected fraud by one of its copper traders. The loss is the latest in

December 4, 2024
OECD warns of protectionism risk to global growth outlook

OECD warns of protectionism risk to global growth outlook

PARIS, Dec 4 (Reuters) - The world economy is set for steady growth in the next two years if resurgent protectionism does not derail a recovery in global trade, the

December 4, 2024

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MLB: The Heartbeat of American Baseball

Introduction Major League Baseball (MLB) isn’t just a sports league; it’s an institution that defines American culture. As the oldest professional sports league in the United States, MLB embodies a rich history, thrilling rivalries, and a game that has evolved...

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