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Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes
Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes
Economy
by  AFP

Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. It is the latest bad news for VW and the wider German auto industry, and reflects broader problems for traditional manufacturers in Europe's struggling top economy.

Fentanyl, beans and Ukraine: Trump hails 'success' in talks with Xi
Fentanyl, beans and Ukraine: Trump hails 'success' in talks with Xi
Economy
by  AFP

A beaming US President Donald Trump hailed his "great success" in talks with Chinese President Xi Jinping in the South Korean city of Busan on Thursday. However, he said after the talks in Busan the tariffs would be reduced to 10 percent -- bringing overall US tariffs on Chinese goods to 47 percent.