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  • Swiss police arrest several senior FIFA executives in an early morning raid at a five-star hotel in Zurich: the arrests were made at the request of the US justice department according to reports
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China’s Chery Quantam auto has unveiled the design of its first car which it hopes will break new ground in Europe. The model, Qoros, is the result of a joint venture between biggest car manufacturer investment firm Israel Corp. The makers aim to reverse a trend and export Chinese cars to Western Europe. It is expected to hit European and Chinese markets by late 2013.

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