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BMW expects big hit from tariffs after 2024 profits plunge

German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.Finance chief Walter Mertl said at the presentation of BMW’s annual results that US tariffs on steel and aluminium, in place …

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Funding cuts force WFP to stop food aid to one million in Myanmar

Thai football body to sue former chief over finances

Duterte set to face ICC judges in drug war case

‘God never sleeps’: Philippines opponents of Duterte’s drug war

UN chief in Rohingya refugee camp solidarity visit

WFP says funding shortfall forces it to cut food aid to 1 mn people in Myanmar

Taiwan tech giant Foxconn’s 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.The world’s largest contract electronics manufacturer has been moving beyond assembling devices such as Apple’s iPhones into areas ranging from electric vehicles to AI servers.The company said full-year net …

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