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Davos Headlines

Stocks, oil tumble as Trump escalates trade war with China

U.S. President Donald Trump sent financial markets reeling on Thursday when he announced additional tariffs on Chinese products, as traders worried not only about the escalation of the trade war but also the effect on the independence of the U.S. central bank.

BAT and financials lift European stocks after Fed blow

European shares ended higher on Thursday as strong earnings from British American Tobacco and a multibillion dollar merger in the financial sector helped dispel early gloom after the U.S. Federal Reserve played down prospects for several rate cuts.

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