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US Unemployment benefit applications at 5 week high

The amount of Americans who are filing for unemployment benefits has risen to its highest level in 5 weeks which represents a pause in progress which has left claims at the lowest ever level since 1973. Applications have increased to 27600 in the Oct 31 week according a report by …

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US trade deficit smallest in 7 months this Sep

The US trade deficit has narrowed quite sharply this September and is at its lowest in 7 months as exports have rebounded which is a tentative sign that the worst for a strong dollar may just be over. The Commerce Department, on Wednesday, said that the trade gap fell by …

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Honda drops Takata as a supplier globally

Shares of Takata plunged by a fifth this Wednesday after Honda dumped them as their airbag parts supplier and US regulators fined them in just one of the latest blows to this crisis-hit company. The stock of this Tokyo listed company fell by 19.8 % to 1100 yen ($ 9) …

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Volkswagen halts Audi sales after EPA accusation

The German automaker has stopped sales of a few luxury Audi models after the US EPA accused those vehicles of emission standard violations. This stop sale order that was issued to US dealers covered 3 liter, 6 cylinder diesel versions of their 2015-16 Audi A6, A7, A8, Q5 and Q7 …

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