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Why Is Volkswagen Losing Billions?
Volkswagen reports a quarterly loss of almost $7 billion as Chinese competition, US tariffs and the cost of electric vehicles put pressure on the German carmaker.
Volkswagen reports its biggest quarterly loss in more than a decade, losing almost $7 billion in three months. We look at the challenges facing the German car giant as it plans thousands of job cuts.
Also, Christine Lagarde announces she's stepping down early as president of the European Central Bank, triggering a race to replace her.
And fuel shortages loom in Kenya as independent petrol retailers clash with major oil suppliers over prices.
Presenter: Leanna Byrne
Producer: Bisi Adebayo
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World Business Report
The latest business and finance news from around the world, on the BBC

