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Mercedes-Benz profit plunges on China slump and US tariffs
Mercedes-Benz profit plunges on China slump and US tariffs
Economy
by  AFP

German premium carmaker Mercedes-Benz reported plunging third-quarter profit Wednesday, hit by weak sales in China as well as US tariffs. Sales by volume in key market China meanwhile fell 27 percent in the third quarter, helping drag overall sales down 12 percent.

Record potato harvest is no boon in fries-mad Belgium
Record potato harvest is no boon in fries-mad Belgium
Economy
by  AFP

Fries powerhouse Belgium is in for a record potato harvest this year -- but that's hardly cause for celebration for farmers who face a slump in prices partially driven by a crunch in exports. "It's going to be a difficult year," Baudouin Dewulf, a grizzled farmer in Geer, eastern Belgium, said.

Deutsche Bank posts record profit on strong trading
Deutsche Bank posts record profit on strong trading
Economy
by  AFP

Germany's largest bank Deutsche Bank posted record third-quarter profit Wednesday and beat expectations, boosted by a strong performance at its investment bank. Revenue rose across most of the bank, but the investment bank led the way with a rise of 18 percent to three billion euros.