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US lawmakers due to confirm Howard Lutnick as commerce secretary
US lawmakers due to confirm Howard Lutnick as commerce secretary
by  AFP

The US Senate is expected to confirm Wall Street billionaire Howard Lutnick as commerce secretary Tuesday, a key step towards the rollout of President Donald Trump's "America First" trade policy with tariffs used as a broad negotiation tool. Already, the commerce secretary has a broad agenda to implement and negotiations with some of the United States' biggest trading partners to contend with.

German auto supplier Continental to cut 3,000 more jobs
German auto supplier Continental to cut 3,000 more jobs
by  AFP

German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country's auto sector. Sports car maker Porsche announced 1,900 layoffs last week, citing weak demand for its electric cars, and Volkswagen last December reached an agreement with unions to cut 35,000 jobs across its German locations by 2030.

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