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18439 articles published since 08 Mar 2022

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Spain coal mine blast kills five
Spain coal mine blast kills five
Economy

Five people died and another four were seriously injured in a blast Monday at a coal mine in northern Spain's Asturias region, the nation's deadliest mining accident in decades. This is the deadliest mining accident in Spain since 1995 when 14 people died following an explosion at a mine in Asturias near the town of Mieres.

China property giant Vanke reports annual loss of $6.8 bn
China property giant Vanke reports annual loss of $6.8 bn
Economy

Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market. Chinese authorities were mulling plans to help Vanke plug a funding gap of $6.8 billion this year, Bloomberg News reported last month.

World economies brace for Trump tariffs ahead of deadline
World economies brace for Trump tariffs ahead of deadline
Economy

World economies were jittery Monday ahead of US President Donald Trump's "Liberation Day" when he is set to unleash tariffs against multiple countries, risking global turmoil to redress what he says are unfair trade imbalances. Trump insists that reciprocal tariffs are needed because the world's biggest economy has been "ripped off by every country in the world."

Renault and Nissan shift gears on alliance
Renault and Nissan shift gears on alliance
Economy

Renault and Nissan said Monday they had revised their partnership to allow for a reduction in their cross-shareholdings and other measures that would help the financially troubled Japanese carmaker. The new agreement will allow the carmakers to reduce their current 15 percent cross-shareholdings to 10 percent.

Chinese tech giant Huawei says profits fell 28% last year
Chinese tech giant Huawei says profits fell 28% last year
Economy

Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home. The company announced Monday that it made a net profit of 62.6 billion yuan ($8.6 billion) last year, down from 87 billion yuan in 2023.

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