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Italy tries more state medicine to heal AlitaliaThe radical government wants the finance ministry and local railways to support a 2 bln euro rescue for the ailing airline. State involvement may scare off potential international partners and make it harder to cut costs. Taxpayers would once again bear the costs of failure.
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ExxonMobil sued by New York AG for misleading investors on climate-change risk
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Default Fears Add Fresh Stress to Chinese Private SectorA surge of defaults has shaken China’s $4.2 trillion corporate bond market, further disadvantaging struggling private firms against a resurgent state sector.
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