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Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. Job cuts would be needed "in order for us to perform at a competitive level against other firms", he told the Nikkei.
Asian and European markets experienced gains amid anticipation for US-China trade talks. London saw a boost from reports of a potential trade deal with Britain, hinted at by Donald Trump. However, concerns linger regarding the impact of Trump's trade policies, with the Federal Reserve cautioning about potential inflation and economic slowdown.
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