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AFL-CIO President John Sweeney's reaction to the plight of those without health insurance reminds one of a line from "Animal House": "I think this situation absolutely requires that a really futile and stupid gesture be done on somebody's part."
At the just-concluded conclave of the Group of Seven in Hiroshima, the world’s wealthiest democracies said they want to de-risk, not decouple, from China. Yet Beijing sees them hobbling its strategic industries and ramping up their defence budgets.
Midea , a $58 billion Chinese white goods champion, made waves in Europe in 2016 when it bought German robot maker Kuka for nearly $5 billion. Seven years later, the company is eyeing Sweden’s home appliance brand Electrolux , a complementary asset currently worth around $7 billion including debt. A successful tilt could mark the beginning of a revival in outbound M&A by Chinese firms after offshore deals touched a historic low of $29 billion in 2022, per EY estimates.