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Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes
Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes
Business and Economy
by  AFP

Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. It is the latest bad news for VW and the wider German auto industry, and reflects broader problems for traditional manufacturers in Europe's struggling top economy.

Shell's net profit jumps despite lower oil prices
Shell's net profit jumps despite lower oil prices
Business and Economy
by  AFP

British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices. - Lower oil prices - French rival TotalEnergies also reported a sharp rise in third-quarter net profit on Thursday, jumping 61 percent to $3.7 billion.