World
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BusinessDay
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WORLD IN BRIEF: Trump charges 20% Hormuz fee, Volkswagen plans 100,000 job cuts, Gulf tensions weaken South African rand and other stories
Donald Trump proposes a twenty percent fee for transit through the Strait of Hormuz, while Volkswagen announces plans to eliminate one hundred thousand positions globally. Additionally, escalating tensions in the Gulf region are negatively impacting the value of the South African rand, reflecting broader international economic and political developments.
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