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S. Korea workers head home after US immigration raid
Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that Hyundai warned will delay completion of its battery factory.
Carmakers to push EU for 2035 combustion-engine ban rethink
Europe's biggest carmakers are to hold talks with EU chief Ursula von der Leyen on Friday as the industry pressures the bloc to revise plans to end combustion-engine vehicle sales by 2035.
US consumer inflation heats up but unlikely to deter rate cut
US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week. All eyes are on inflation numbers this week, given that these typically have some bearing on the Federal Reserve's interest rate decisions.
Robot dogs, flying cars: five takeaways from the Munich auto show
From "flying cars" to robots and self-driving buses, here are some of the innovations spotted at this week's Munich auto fair, IAA Mobility, one of the world's biggest: 'Give cars wings' Chinese brands showcased their efforts to create "flying cars", small electric aircraft powered by multiple rotors designed for short journeys.
'Why not?' Europeans warming up to Chinese electric cars
Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed by the interior and said she would consider buying one. At the IAA auto fair in the German city this week, Chinese electric vehicle (EV) makers were out in force, highlighting the determination of the country's fast-growing car giants to make inroads into Europe.
China-US talks mark a 'small step' towards Xi meeting Trump
Back-to-back talks between the United States and China's top diplomats and defence chiefs could mark "a small step" towards a meeting between the leaders of the two countries, analysts said, but cautioned against expecting an imminent summit.
France political crisis looms over ECB meeting
France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the eurozone's second-biggest economy causing a fresh headache for policymakers. But the latest French political crisis has thrown a new curveball at the central bank for the 20 countries that use the euro.
Markets mostly up as US producer price data stokes rate cut bets
Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts. The data soothed worries that US President Donald Trump's tariff war would reignite inflation -- as many have warned -- and gave the Fed room to cut rates and address weakness in the jobs market.
Under US pressure, Mexico mulling 50% tariff on Chinese cars
Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-percent duty on car imports from the Asian giant -- up from 15-20 percent. The White House has said Chinese producers are abusing a free-trade deal between the United States, Mexico and Canada to send goods northward over the Mexican border tariff-free.
AFP
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