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Saab’s $3.2bn Swiss jet deal hangs in the balance

Swedish auto and aerospace group Saab is hopeful that a $3.2bn deal to buy 22 of its Gripen planes will be approved by Swiss voters. A poll published on Sunday – ahead of a vote in May – showed a majority of people are against the purchase. Also today: why Chinese e-commerce giant Alibaba has picked New York over Hong Kong for its stock market debut.

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