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US stock buybacks hit $234.5 billion last quarter, reaching new record

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After a steep fall in 2020, stock buybacks are on the rise again this year, breaking new records and keeping shareholders happy. We take a closer look at what's behind the trend, how buybacks are increasingly common in Europe, and why policymakers are trying to rein them in.

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Computer chip shortage pushes European car sales to record low

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EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday.

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Oil prices jump to highest level since 2014 on supply concerns

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Oil prices have jumped to their highest level since 2014 after the drone attack on fuel tankers in the United Arab Emirates, and amid broader concerns about supply in the market. In early trading on Tuesday, the international benchmark Brent Crude rose above $88 per barrel. Oil producers are sticking to their planned supply increases, despite surging demand. The rising cost of fuel is set to hit consumers, who are already facing the highest inflation rate in decades.

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Chinese economy rebounds in 2021, but slowing growth fuels concerns

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China's economy grew by 8.1 percent last year, but the expansion slowed towards the end of 2021. FRANCE 24's Cole Stangler takes a closer look at the factors holding up growth, from sluggish retail sales to the high cost of Covid-19 lockdowns.

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