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Business Maverick: China’s Covid policies once again upending car manufacturingThe country’s stringent Covid Zero regime is once again upending the nation’s car manufacturing sector with at least three major car manufacturers shuttering production because of virus restrictions.
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Business Maverick: Google Play fee suit by consumers grows to 21 million usersGoogle now faces more than 21 million customers, instead of just a handful, in a lawsuit alleging its app store collects exorbitant fees.
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Business Maverick: ESG Downgrade Sparks New Penalty in $200 Billion Bond MarketThe sustainable bond market has passed a milestone. PKN Orlen SA, a petroleum refiner based in Poland, started paying creditors a higher coupon on two local-currency sustainability-linked bonds earlier this year after MSCI Inc. cut its environmental, social and governance rating.
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Business Maverick: China Stocks Surge in US as Vaccine Drive Fuels Reopen BetsChinese stocks listed in the US extended gains on Tuesday, as officials vowed to speed up Covid shots for the elderly and to avoid excessive restrictions, fueling a new round of bets that Beijing is bending to pressure for an economic reopening.
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Business Maverick: Italy Prepares 50% Windfall Tax on Energy Firms’ Excess GainsItaly plans to apply a 50% one-off windfall tax on the extra revenue made by energy companies, according to the text of the proposed budget law obtained by Bloomberg. One fokken ANC gaan jou eerder verder in jou moer belas. Fokken klomp etters, ek moet eerder my mond toe hou. Netnou weer in Twitter jail.
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Business Maverick: Stocks seesaw in Asia amid focus on China, Fed: markets wrapVolatile trading pushed stocks between losses and gains in Asia as investors weighed Covid developments in China and awaited a speech from Federal Reserve chair Jerome Powell later on Wednesday.
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