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German sports carmaker Porsche to cut 1,900 jobs
German sports carmaker Porsche to cut 1,900 jobs
by  AFP

Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector. Hit by high manufacturing costs at home, weak demand, fierce competition and a sluggish shift to EVs, Germany's flagship auto sector is battling a growing crisis.

President Trump says US 'reciprocal tariffs' to be announced Thursday
President Trump says US 'reciprocal tariffs' to be announced Thursday
by  AFP

US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home. But economists warn that his broad-ranging tariffs on US imports would likely boost inflation, not reduce it, in the near term and could weigh on growth eventually.

Facebook, TikTok harden EU commitment to tackle disinformation -- but not X
Facebook, TikTok harden EU commitment to tackle disinformation -- but not X
by  AFP

Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, Brussels said on Thursday, just days after the new US administration condemned the bloc's online content rules. The DSA forces all digital firms to police content online and tackle the spread of mis- and disinformation.