Shares advanced in Europe on Tuesday after a retreat in Asia, as investors took the latest step toward ending the U.S. government shutdown in stride.
Markets showed little reaction after the Senate passed legislation to reopen the government.
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China's passenger car sales slowed in October, even for electric vehicle makers BYD and Tesla, as automakers cut prices to compete in an overcrowded market, an industry association said Tuesday.
The China Association of Automobile Manufacturers said that sales grew 4.4% year-on-year, down from September's 11.2% increase and a 15.1% jump in August. But exports of EVs and plug-in hybrids doubled from a year earlier, to about 250,000, as automakers expanded further into overseas markets.
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Top diplomats from the Group of Seven industrialized democracies are converging on southern Ontario as tensions rise between the U.S. and traditional allies like Canada over defense spending, trade and uncertainty over President Donald Trump's ceasefire plan in Gaza and efforts to end the Russia-Ukraine war.
Canadian Foreign Minister Anita Anand said in an interview with The Associated Press that "the relationship has to continue across a range of issues" despite trade pressures as she prepared to host U.S. Secretary of State Marco Rubio and their counterparts from Britain, France, Germany, Italy and Japan on Tuesday and Wednesday.
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A high-ranking U.S. Treasury delegation that visited Beirut Monday pushed Lebanese officials to crack down on the flow of funding to Hezbollah. Local and western media outlets reported a list of demands conveyed by the delegation.
1. Shutting down Hezbollah-affiliated al-Qard al-Hasan, a nonprofit organization operating outside the Lebanese financial system as a quasi-bank.
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Yemen's Houthi rebels are signaling they've stopped their attacks against Israel and shipping in the Red Sea as a shaky ceasefire holds in the Gaza Strip.
In an undated letter to Hamas' Qassam Brigades published online by the group, the Houthis offered their clearest signal that their attacks have halted.
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The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.
About 1.25 million federal workers haven't been paid since Oct. 1. Thousands of flights have been canceled, a trend that is expected to continue this week even as Congress moves toward reopening the government. Government contract awards have slowed and some food aid recipients have seen their benefits interrupted.
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Shares advanced in Europe and Asia on Monday as tentative moves by the U.S. Senate to end the federal government shutdown pushed U.S. futures higher.
The Senate voted late Sunday, in a test vote that begins a series of procedural maneuvers, to move toward passing compromise legislation to fund the federal government, though final passage could be several days away. The Senate may hold a vote by mid-December on extending expiring health care tax credits, the key sticking point.
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President Donald Trump hosted leaders of five Central Asian countries at the White House on Thursday as he intensifies his hunt for rare earth metals needed for high-tech devices, including smartphones, electric vehicles and fighter jets.
Trump and the officials from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan held bilateral meetings in the Oval Office before having a working dinner.
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Shares were mostly lower in Europe following a retreat Friday in Asia after losses for influential technology stocks pulled Wall Street benchmarks lower.
U.S. futures edged higher and oil prices advanced.
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The world's richest man was just handed a chance to become history's first trillionaire.
Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade. The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay, drawing heated commentary from small investors to giant pension funds and even the pope.
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