The South African government has formed a team of mine rescue experts to devise a plan to bring illegal miners trapped under a disused gold mine to the surface, taking a more conciliatory approach after initial reluctance to help. Police estimate between 350 and 400 miners may be underground, with concerns about their safety and potential armament. Authorities have recovered firearms, cash, and diamonds from illegal miners, as efforts continue to rescue those still trapped underground.
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Porsche and Volvo Cars profits sink as industry reels from Trump tariffs
SummaryProfits at Porsche and Volvo Cars plummeted in Q1 due to the impact of US tariffs, with Volvo reporting a 59% drop in operating profits and withdrawing its guidance for the next two years, while Porsche's profits fell 40% amid rising costs and declining deliveries. Both companies are implementing cost-cutting measures, with Volvo launching an SKr18bn program and Porsche reducing production expansion plans. Uncertainty around trade policies continues to challenge profitability, as Porsche revised its...
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