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French luxury giant LVMH half-year net profit drops 14%
French luxury giant LVMH half-year net profit drops 14%
Business and Economy
by  AFP

The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. "The results for the first half of the year reflect LVMH's remarkable resilience... and the responsiveness of its teams in a climate of economic and geopolitical uncertainty," said chief executive Bernard Arnault.

Strong US sales boost GM results as it slows some EV plans
Strong US sales boost GM results as it slows some EV plans
Business and Economy
by  AFP

General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives vowing a flexible approach to electric vehicle (EV) investment while demand growth ebbs. North American auto sales rose compared with the year-ago period, with the company enjoying still-strong vehicle pricing that has lasted longer than analysts expected.