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US starts tariff probes into medical gear, industrial machinery
US starts tariff probes into medical gear, industrial machinery
Economy
by  AFP

The United States has opened investigations into imports of medical equipment such as surgical masks, and industrial machinery, in moves that could lead to new tariffs. The medical equipment probe considers the effects on national security of imports of personal protective equipment (PPE), medical consumables and medical equipment including devices.

Germany's Bosch to cut 13,000 jobs in blow to auto sector
Germany's Bosch to cut 13,000 jobs in blow to auto sector
Economy
by  AFP

German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country's ailing car sector. - 'Social devastation' - While agreeing that the situation in the German automotive industry was "very tense", Frank Sell, head of the Bosch Mobility works council, vowed to fight the cuts.