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Guinness and Johnnie Walker owner Diageo ‘could sell Chinese assets’

Reported move would be part of new CEO Dave Lewis’s streamlining of world’s largest spirits maker

Diageo’s new boss, Dave Lewis, has barely started in the role, and the maker of Guinness and Johnnie Walker is already reportedly considering selling off its Chinese assets to trim down its portfolio.

The world’s largest spirits maker, whose other brands include Smirnoff vodka, Captain Morgan rum and Don Julio tequila, is working with Goldman Sachs and UBS to review its operations in China, where sales have been falling, according to Bloomberg News.

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© Photograph: Dado Ruvić/Reuters

© Photograph: Dado Ruvić/Reuters

© Photograph: Dado Ruvić/Reuters

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Trump warns of ‘complete mess’ if supreme court rejects tariffs

US president speaks after saying that any country that does business with Iran will face 25% levy on trade with US

Donald Trump has said “it would be a complete mess” if the US supreme court were to strike down his global trade tariffs.

In a lengthy post on social media, the US president said “WE’RE SCREWED” if the supreme court rules against the tariffs. The decision is expected as soon as Wednesday. It is a crucial legal test of his controversial economic strategy and his power.

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© Photograph: Nathan Howard/Reuters

© Photograph: Nathan Howard/Reuters

© Photograph: Nathan Howard/Reuters

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