European industry may lose to American firms that receive state aid, the news outlet reports The EU is developing a major subsidy push to prevent European companies from being wiped out by US rivals that are receiving government aid, Politico reported on Tuesday, citing sources.
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The decline stems from lower foreign currency inflows and reduced export revenues, market experts say The Russian ruble dropped to its lowest exchange rate against the US dollar since last April, data from the Moscow Exchange showed on Tuesday.
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