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France unveils $8.8 billion rescue for ailing car industry

French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the country’s car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. The plan includes government subsidies for car buyers and longer-term...

McLaren says to cut 1,200 jobs due to pandemic

British Formula 1 team and supercar maker McLaren said Tuesday it plans to cut 1,200 jobs after the coronavirus crisis hit sales. "We deeply regret the impact that this restructure will have on all our people, but especially those whose jobs may be affected," the group's executive chairman...

Saudi Arabia allows mosques to open for Friday prayers

 Saudi Arabia will allow mosques to open for Friday prayers, state TV reported Tuesday, as the kingdom eases restrictions on movement to curb the spread of the coronavirus. Mosques will be authorised to open 20 minutes before Friday prayers and should close 20 minutes after they...