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Chinese automakers get stern 'price war' warning after discount spree
Chinese automakers get stern 'price war' warning after discount spree
Economy
by  AFP

A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8.

Panama launches maintenance work at contested mine
Panama launches maintenance work at contested mine
Economy
by  AFP

Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles.