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US Fed's top banking regulator says he will step down early
US Fed's top banking regulator says he will step down early

The US Federal Reserve's top banking regulator announced his early resignation Monday, avoiding a confrontation with President-elect Donald Trump who can now pick his replacement. His resignation paves the way for Trump to replace him with someone more in tune with his own views on banking regulation.

'Lost year': Germany electric car sales go into reverse
'Lost year': Germany electric car sales go into reverse

Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. The overall slump in electric car sales in Germany saw battery-powered vehicles lose market share relative to traditional combustion engines and hybrid cars.