Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt
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China asks banks to pause new loans to US-sanctioned refiners
Tensions are escalating between the superpowers just weeks before a long-awaited meeting
Japan’s Nikkei surges past 61,000 for first time on earnings, Middle East optimism
The benchmark Nikkei 225 Index rose 3.38 per cent to an all-time high of 61,523.36 in early trading.
