South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
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Trade tensions force EU to cut 2026 eurozone growth forecast
The eurozone economy will grow less than expected next year, the EU executive predicted on Monday, as risks from international trade and geopolitical tensions weigh on the single currency area. The International Monetary Fund (IMF) in October predicted the US economy would grow by 2.1 percent next year.
EU predicts less eurozone 2026 growth due to trade tensions
The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy. "Persistent trade policy uncertainty continues to weigh on economic activity, with tariffs and non-tariff restrictions potentially constraining EU growth more than expected," the commission said in a statement.
Swiss growth suffered from US tariffs in Q3: data
Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday. Employer federation Swissmem last week reported an overall 14.2-percent drop of Swiss exports to the US in the third quarter compared to the period a year earlier.
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