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Volvo Shares Plunge as China Ambitions Fade for Western Carmakers

The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.

Β© Marie Mannes/Reuters

Volvo’s chief executive, Hakan Samuelsson, last April. β€œNobody will be successful with the old recipe” for selling cars in China, he said Friday. β€œThose times are gone.”

Fearing Mass A.I. Layoffs, Some in Congress Eye Ways to Aid Workers

A bill to bolster the nation’s unemployment insurance program reflects the concern β€” and the risks β€” in Washington.

Β© Kenny Holston/The New York Times

A proposal by Senator Ron Wyden, Democrat of Oregon, would greatly expand the nation’s unemployment insurance program.

Barclays to Cut 5,000 Jobs in A.I.-Driven Push to Lower Costs

The move is the latest illustration of a company saying it believes it can be more efficient with fewer workers because of artificial intelligence.

Β© Sam Bush for The New York Times

Barclays is cutting 5 percent of its work force as banks turn to A.I., amid growing pressure to prove the technology can bolster productivity and profits.
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