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Awaiting Trump, US auto execs further temper EV push
Awaiting Trump, US auto execs further temper EV push
by  AFP

US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.

Ryanair threatens to drop 10 French airports over tax hike
Ryanair threatens to drop 10 French airports over tax hike
by  AFP

Low-cost airline Ryanair threatened Wednesday to stop serving 10 French regional airports if the government goes forward with a proposed tax hike. Ryanair said the tax increase would fall most heavily on passengers using regional airports, which are primarily served by low-cost airlines and the tax hike would have a larger impact.

Arnault family to complete Paris FC acquisition "in coming days"
Arnault family to complete Paris FC acquisition "in coming days"
by  AFP

The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday. The Arnault Family will become the majority shareholders of Paris FC, with Austrian company Red Bull also acquiring a minority share, once the necessary administrative procedures have all been finalised.

Stock markets retreat ahead of Nvidia earnings
Stock markets retreat ahead of Nvidia earnings
by  AFP

US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia. Many investors see the company as a bellwether for the tech sector and artificial-intelligence demand that have helped power Wall Street to multiple record-highs this year.

Ford to cut 4,000 jobs in Europe
Ford to cut 4,000 jobs in Europe
by  AFP

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.

As Trump returns, China seizes chance for climate mantle
As Trump returns, China seizes chance for climate mantle
by  AFP

With Donald Trump expected to take the United States again out of climate diplomacy, China, the world's largest emitter but green energy powerhouse, is seizing on the chance to project itself as the global leader. The Asian power has now surpassed Europe as the second-largest historical emitter after the United States.