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Swedish insurer drops $160 mn Tesla stake over labour rights
Swedish insurer drops $160 mn Tesla stake over labour rights
by  AFP

Swedish insurance company Folksam said Wednesday it had given up its $160 million stake in Tesla due to the electric carmaker's approach to labour rights. Folksam said that Tesla's approach to its employees' rights to unionise was "problematic" given its investment criteria, and that attempts to influence the company as a shareholder had been ineffective.

'Give me a break': Trump tariffs threaten Japan auto sector
'Give me a break': Trump tariffs threaten Japan auto sector
by  AFP

Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break." The tariff "will hit auto production hard, undermine confidence, and reduce orders", Moody's Analytics said in a report about Japan's business sentiment.

Asian markets edge up but uncertainty rules ahead of Trump tariffs
Asian markets edge up but uncertainty rules ahead of Trump tariffs
by  AFP

Asian markets edged up Wednesday as nervous investors brace for Donald Trump's wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. In early trade, Asian markets mostly rose, though they were fluctuating between gains and losses after a recent selloff.

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