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US multinationals grapple with soaring dollar
US multinationals grapple with soaring dollar
by  AFP

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.

Tesla deliveries fall with temporary closure of China factory
Tesla deliveries fall with temporary closure of China factory
by  AFP

Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday. But in the second quarter Tesla had to grapple with the closure of its Shanghai factory for several weeks because of strict lockdown measures in China due to a surge in Covid-19 cases.

Hundreds of flights axed as US kicks off long holiday weekend
Hundreds of flights axed as US kicks off long holiday weekend
by  AFP

Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend as carriers struggled to staff their planes. On Saturday Buttigieg put out a series of tweets that were essentially consumer tips on what to do if one's flight is cancelled, like whether to accept travel points or miles as compensation or demand a cash refund.

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