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Egypt and China Expand the Suez Zone and Widen Their Currency Swap

Cairo and Beijing agreed a third phase of their Suez industrial zone and a larger currency swap, turning a decade of promises into a named list of plants and technologies. The post Egypt and China Expand the Suez Zone and Widen Their Currency Swap appeared first on The Rio Times .

We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.

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How Volkswagen's huge workforce became a costly burden

The struggling German carmaker plans to cut up to 100,000 jobs from its 630,000-strong workforce. How did VW's headcount get so bloated, and will the cuts be enough to survive the Chinese EV…

  • Volkswagen's workforce of nearly 630,000 employees is 60% larger than Toyota's.
  • Company plans to cut an additional 50,000 jobs worldwide, including in Germany.
  • VW's extensive workforce is a liability due to slower EV transitions and high labor costs.

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