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Tesla, Chinese EV brands jostle for limelight at German fair
Tesla, Chinese EV brands jostle for limelight at German fair
by  AFP

One of the world's biggest auto shows opened in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group.

Turkey's annual inflation nears 60% in August
Turkey's annual inflation nears 60% in August
by  AFP

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan. "This will heap pressure on the (central bank) to further significantly hike policy rates from 25 percent at present."

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