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Mercedes profits fall due to lower sales
Mercedes profits fall due to lower sales
Economy
by  AFP

German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Revenue fell 1.4 percent to 37.2 billion euros, partly because passenger car sales were around five percent lower in the quarter due to a shortage of some parts.

Stocks slide, oil holds gains on Middle East, economy concerns
Stocks slide, oil holds gains on Middle East, economy concerns
Economy
by  AFP

Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally. A plunge in Alphabet and Texas, as well as Amazon ahead of its report later Thursday, hit Wall Street, with the tech-rich Nasdaq tanking more than two percent.