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California vows to step in if Trump kills US EV tax credit
California vows to step in if Trump kills US EV tax credit
Economy
by  AFP

California will revive its own subsidy programs for electric vehicles if Donald Trump guts US federal tax breaks for such cars, the state's governor said Monday. If Trump scraps the tax credit, California could revive its own Clean Vehicle Rebate Project, which ran until November 2023, granting rebates of up to $7,500 for people buying battery-powered cars, a press release said.

Brazil minister says supports meat supplier 'boycott' of Carrefour
Brazil minister says supports meat supplier 'boycott' of Carrefour
Economy
by  AFP

Brazil's agriculture minister on Monday threw his support behind national meat suppliers that have halted deliveries to Carrefour supermarkets in a growing row related to Mercosur trade negotiations. Brazilian media are calling the disrupted meat deliveries to Carrefour supermarkets a "boycott" and many Brazilians online have applauded it.

Steelmaker ArcelorMittal to close two plants in France: unions
Steelmaker ArcelorMittal to close two plants in France: unions
Economy
by  AFP

ArcelorMittal, the world's second-biggest steelmaker, plans to close two plants in northern France, which together employ more than 130 people, unions said on Monday. ArcelorMittal is the latest company to announce plans to cut jobs and close plants in France, which is struggling with economic headwinds.