Latest

Ex-McLaren boss could take the wheel at Porsche
Ex-McLaren boss could take the wheel at Porsche
Business and Economy
by  AFP

The ex-head of British supercar brand McLaren could take over as Porsche CEO, said the German sports car maker Friday, which is struggling with weak demand and a troubled EV shift. Last month, the maker of the iconic 911 sports car also hit the brakes on its shift to electric vehicles, saying demand had moved more slowly than expected.

Caracas records 8.7 pct growth but Venezuelans lament economic woes
Caracas records 8.7 pct growth but Venezuelans lament economic woes
Business and Economy
by  AFP

Venezuela's economy grew by 8.7 percent in the third quarter, the country's central bank announced Thursday, but residents told AFP they are still struggling to make ends meet. "Claiming that there is GDP growth is something positive, but I don't see prosperity or the end of the crisis," she told AFP. Venezuela's central bank has not reported on inflation for a year.