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Ex-McLaren boss could take the wheel at Porsche
The ex-head of British supercar brand McLaren could take over as Porsche CEO, said the German sports car maker Friday, which is struggling with weak demand and a troubled EV shift. Last month, the maker of the iconic 911 sports car also hit the brakes on its shift to electric vehicles, saying demand had moved more slowly than expected.
Caracas records 8.7 pct growth but Venezuelans lament economic woes
Venezuela's economy grew by 8.7 percent in the third quarter, the country's central bank announced Thursday, but residents told AFP they are still struggling to make ends meet. "Claiming that there is GDP growth is something positive, but I don't see prosperity or the end of the crisis," she told AFP. Venezuela's central bank has not reported on inflation for a year.
Women designers 'not getting the breaks' despite global fashion shake-up
In fashion at the moment, as seen on catwalks: frills, corsets, big shoulder pads, and "naked dresses". "I think that Chanel missed a really big opportunity in not hiring a woman to run a house that was founded by the most famous woman and influential person in fashion," she told AFP, referring to Gabrielle "Coco" Chanel.
Spanish police keep Mango founder death probe open
Spanish police confirmed Friday that their probe into the sudden death last year of Mango clothing empire founder Isak Andic remains open following reports his son has become a suspect. Contacted by AFP, Catalan regional police sources confirmed that an investigation is ongoing without giving further details because the case remains under judicial secrecy.
Maritime sector to decide on plan to cut emissions opposed by US
Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States. "I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax," US President Donald Trump wrote on his Truth Social platform Thursday.
Asian stocks fall with Wall St as US credit fears add to worries
Asian stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown. Crude prices extended losses on worries about China-US tensions, with selling also coming from news that Trump will meet Russian counterpart Vladimir Putin to discuss ending the conflict in Ukraine.
China's economic growth slowed to 4.8% in third quarter: AFP poll
China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States. The survey of analysts by AFP forecasts the world's number two economy expanded 4.8 percent on-year in July-September.
Airbnb and Booking.com accused in France over Israeli settlement listings
A French human rights group on Thursday filed a legal complaint against Airbnb and Booking.com, accusing them of promoting "occupation tourism" by listing accommodation in Israeli settlements in Palestinian territories.
Spain's BBVA fails in Sabadell takeover bid
Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, dashing its hopes of creating a new European sector colossus, the stock market regulator announced on Thursday. The leadership of Sabadell, Spain's fourth-largest bank, had persistently rejected BBVA's advances and recommended its plethora of small shareholders reject the bid.
AFP
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