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Daimler lifts profit forecast as Mercedes' sales accelerate

German luxury car manufacturer Daimler AG raised its forecasts on Wednesday, predicting a significant rise in operating profit this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles, boosted by the launch of new models.

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Trump plan to cut taxes on businesses, repatriated profits: officials

WASHINGTON U.S. President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash business taxes and steeply discount the rate on corporate profits brought back into the United States, officials said. | Video