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Porsche slows electric shift, prompting VW profit warning
Porsche slows electric shift, prompting VW profit warning
by  AFP

German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit. The maker of the 911 sports car cited the "significant slower growth of the demand for exclusive battery-electric vehicles" as a reason for making the changes.

Independence of central banks tested by Trump attacks on US Fed
Independence of central banks tested by Trump attacks on US Fed
by  AFP

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt. Cutting interest rates helps households borrow for consumption and businesses for investment, promoting growth but at the risk of spurring inflation.

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