Roula Khalaf, Editor of the FT, curates the Unlock the Editor’s Digest, featuring her favorite stories weekly. Volkswagen is planning to close at least three German plants, cut tens of thousands of jobs, and reduce pay by 10%, sparking a battle with unions. Facing pressure from competition, slowing sales, and the shift to electric vehicles, VW warns of the need for drastic measures, as talks with the works council continue amidst threats of strikes.
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As Markets Whipsaw, Conservative Media Shrugs
Nervous investors seeking news about the plunging markets on Monday would have found right-leaning outlets like The New York Post and Fox Business Network downplaying the sell-off, with some even framing it as a positive development. While some conservative figures expressed concern about the market shock, others, like Newsmax and Fox News hosts, blamed globalist economic agendas for the decline. Amidst the market turmoil, President Trump and his supporters remained largely unfazed, with Trump even...
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