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Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

[ad_1] Volkswagen has struggled with the shift to electric vehicles. Photo: Tobias SCHWARZ / AFPSource: AFP Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. The loss in …

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Bank of Japan keeps interest rates unchanged

[ad_1] Japan’s national flag flutters in the wind on the Bank of Japan (BoJ) head office building in Tokyo. Photo: Kazuhiro NOGI / AFPSource: AFP The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic “high uncertainties” linked to US trade tariffs. The …

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