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Car giant VW warns of production hit from Nexperia chips row
Car giant VW warns of production hit from Nexperia chips row
Economy
by  AFP

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker. Volkswagen, Europe's biggest carmaker, confirmed some Nexperia components are used it its vehicles but said production was "currently unaffected".

Global trade system risks coming off the rails: UN chief
Global trade system risks coming off the rails: UN chief
Economy
by  AFP

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations. And the rules-based trading system is at risk of derailment," Guterres said at the 16th UN Conference on Trade and Development (UNCTAD) in Geneva.