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General Motors has taken a $5 billion charge against its operations in China in the latest sign of the intensifying local competition facing western car makers in the world’s second-largest economy. Once its largest market, profits in China have gone…
Serco has been knocked by a failed bid to continue running Australia’s immigration centres. The outsourcing group said it had been unsuccessful in rebidding for a contract to provide immigration detention facilities and detainee services for the Australian government, sending…