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Europe's auto suppliers reach the end of the road
Europe's auto suppliers reach the end of the road
Economy
by  AFP

Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. "Brakes or heat pumps, it's all the same to me," said Karaca, whose two parents both worked for Continental at the factory.

Indonesia first-quarter growth boosted by election, holiday spending
Indonesia first-quarter growth boosted by election, holiday spending
Economy
by  AFP

Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday. Government estimates had projected growth of 5.17 percent but experts warned Jakarta's official data might not be reliable to judge economic performance.