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Mexican official eyes stronger ties with China after U.S. trade deal
Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday.

Tesla moves a step closer to opening first European factory with German property deal
U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.

EU industry chief dismisses fears strict security rules could delay 5G
European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China's Huawei.

Founder of South Korean retail giant Lotte dies
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.

China will increase imports from U.S. according to 'market principles': official
China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

German cabin crew union plans further strikes at Lufthansa
German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany's largest airline and two potential mediators did not yield any results.

"You're stealing our water": Germans protest against Tesla gigafactory
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.

With market at record highs, eyes on reports from chipmakers
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.

Nokia October warning investigated by local FSA: newspaper report
Finland's Financial Supervisory Authority (FSA) has started an investigation into Nokia's sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.

Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.

 

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