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Volkswagen profits dip as it struggles in China
Volkswagen profits dip as it struggles in China
Business and Economy
by  AFP

Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in China, the German auto giant's most important market. The auto giant nevertheless struck a positive note about its prospects in the major market, saying it was stepping up the pace of "transformation in China".

Nigeria's end to petrol subsidies hits Niger black market
Nigeria's end to petrol subsidies hits Niger black market
Business and Economy
by  AFP

On the road linking Niger's capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species. The current shortage on the black market is causing a rush to the few filling stations, especially in areas close to Nigeria which used to rely heavily on smuggled petrol.