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Automaker Stellantis on Tuesday said Tuesday it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain.
BMW reported 4.8 billion euros ($5.7 billion) in net profit in the second quarter, rounding out a strong earnings season for Germany's three big automakers as global auto markets continue to recover from the pandemic — particularly when it comes to luxury cars.
Chinese authorities have announced mass coronavirus testing in Wuhan as an unusually wide series of COVID-19 outbreaks reached the city where the disease was first detected in late 2019.
North Korea is releasing emergency military rice reserves as its food shortage worsens, South Korea's spy agency said Tuesday, with a heat wave and drought reducing the country's supply.
Southeast Asia's top diplomats have tentatively chosen a special envoy to help deal with the violent political crisis gripping Myanmar but must wait on approval from the military-ruled nation's leaders before announcing it, two diplomats said Tuesday.