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Venezuela's 'Pearl of the Caribbean' loses its luster
Venezuela's 'Pearl of the Caribbean' loses its luster
by  AFP

One of the five stars that used to adorn the facade of the Margarita hotel on the Venezuelan paradise island of the same name has fallen off. The hotel is abandoned, its peeling facade a symbol of the decline of an island once dubbed the "Pearl of the Caribbean" that has been robbed of its shine by a severe economic crisis.

Stellantis says goodbye to 'performance psychopath' CEO
Stellantis says goodbye to 'performance psychopath' CEO
by  AFP

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end. "This is the end of the road for the strategy of cost cutting," said German car analyst Matthias Schmidt.

US unveils fresh export curbs targeting China's chip sector
US unveils fresh export curbs targeting China's chip sector
by  AFP

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

From China woes to EV troubles, VW faces rocky road
From China woes to EV troubles, VW faces rocky road
by  AFP

As Volkswagen seeks to push through a drastic restructuring with billions of euros in cuts, workers nationwide on Monday kicked off what could be a long wave of industrial action. They began their industrial action Monday with so-called "warning strikes" -- short walkouts typically used during ongoing negotiations.

'Future of planet' at stake at ICJ hearings: Vanuatu
'Future of planet' at stake at ICJ hearings: Vanuatu
by  AFP

The future of the planet is at stake during hearings at the top United Nations court, a representative for Vanuatu said Monday, opening a historic case that aims to set a legal framework on how countries should tackle climate change.