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European stocks rose sharply on Tuesday, making their first gains since Britain's shock vote to quit the EU, and the pound rebounded as investors returned to jittery markets. Trading floors appeared to have put the initial panic of Brexit behind them, with investors snapping up bargains after two days of heavy losses. "It's been a welcome respite for European equity markets today as investors start to absorb the impact of last weekâ s seismic miscalculation on the part of investors to the UK EU referendum outcome..." said Michael Hewson, chief market analyst at CMC Markets.
DETROIT (AP) — Volkswagen will spend up to $15.3 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history.