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Volvo Backtracks on All-Electric Lineup as EV Market Challenges Pile Up
Volvo Car abandoned its target of having a fully electric lineup by the end of the decade, saying it was still likely to sell some hybrid models as the market faces an increasingly bumpy transition to electric vehicles.
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The Morning Risk Report
The day Delta’s ‘on-time machine’ broke, and the blame game it sparked, and Europe’s top court rebukes competition regulator, curbing powers. Plus, credit-rating providers settle with SEC over off-channel communication violations.
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China Shores Up Ties With Africa Despite Slowing Economy and Friction Over Debt
Chinese leader Xi Jinping is using a summit with African leaders to solidify political and economic ties with the continent .
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Lyft to Lay Off Employees to Cut Down Bikes, Scooters Division
Lyft said it is further reducing its workforce in a new wave of layoffs as it restructures its bikes and scooters operation.
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The Soccer World’s New Big Spender Slashes Budget on Stars
Saudi Arabia’s Pro League reduced outlays on flashy foreign players significantly this year, reflecting a broader spending whiplash.
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There’s a ‘Cat-astrophe’ Brewing on Downing Street
The Chief Mouser to the Cabinet Office has outlasted five prime ministers—and their pets.