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      VW Slashes Outlook After China Sales Slump, Costs Weigh

      Volkswagen AG slashed its profit forecast, citing a sharp contraction in China, restructuring costs and a €6 billion ($6.9 billion) writedown tied to sports-car maker Porsche AG. The shares slumped the most in a year.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud