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Tesla shares slump 9% on disappointing Europe sales
Tesla shares slump 9% on disappointing Europe sales
by  AFP

Shares of the US electric vehicle pioneer Tesla slumped as much as nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics. Alongside its European struggles, Tesla also faces stiff competition from automakers like BYD in China -- a key market for electric vehicles.

Germany's next leader grapples to boost defence spending
Germany's next leader grapples to boost defence spending
by  AFP

Germany's next leader, conservative Friedrich Merz, has raised the alarm over European defence but the clock is ticking for him to muster the funds needed to refurbish the armed forces. According to Bloomberg News, he is in discussions to top up Germany's special defence fund with another 200 billion euros ($210 billion).

German family-run machine maker issues SOS to future government
German family-run machine maker issues SOS to future government
by  AFP

Facing a slowing German economy, high energy bills, onerous bureaucracy and the threat of US tariffs, a Black Forest-based factory equipment maker is issuing a plea for help to the country's next government. And now the company, which has about 3,700 workers worldwide, is facing the threat of US tariffs after Donald Trump's return as US president.

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