Bloomberg Business

Kuwait Wealth Fund Sells €1.4 Billion of Mercedes Shares

The Kuwait Investment Authority sold shares worth about €1.4 billion in Mercedes-Benz Group AG — roughly a quarter of its stake — after the carmaker’s stock almost quadrupled over the last three years.

Biden Aide Speaks With China Counterpart as Tension Spikes

White House National Security Advisor Jake Sullivan spoke with China’s top diplomat Wang Yi on Friday, people familiar with the matter said, as the two sides look to ease tensions that have continued to build in recent months.

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