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Germany allows smaller Chinese stake in Hamburg port
Germany allows smaller Chinese stake in Hamburg port
by  AFP

Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg port, after Chancellor Olaf Scholz resisted calls to ban the controversial sale outright. Scholz, a former Hamburg mayor, had supported the sale and has repeatedly stressed the importance of strong trade ties with China.

Mercedes-Benz to sell off Russian assets to local investor
Mercedes-Benz to sell off Russian assets to local investor
by  AFP

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said Wednesday, becoming the latest automaker to exit since Moscow sent troops to Ukraine. "Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.

28 dead in Bangladesh cyclone, millions without power
28 dead in Bangladesh cyclone, millions without power
by  AFP

Bangladesh rescue workers found the bodies of four missing crew of a dredger boat, taking the death toll from Cyclone Sitrang to 28 as millions remained without power, officials said Wednesday. Fire department divers found the bodies of four crew of a dredger boat that sank during the storm in the Bay of Bengal.

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