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European firms say China business 'more difficult'

European companies complain they still face a tough business climate in China despite Beijing's pledges of openness, with about half saying it has become tougher in the past year, according to a survey released Wednesday.

date2 hours ago in Business
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Australia telecom giant Telstra to axe 8,000 jobs

Australia's dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs—a quarter of its workforce—as part of a drastic new strategy to cope with an increasingly competitive industry.

date3 hours ago in Business
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