Renault Cuts 20% Engineering Jobs Globally

French automaker Renault will reduce engineering staff by 15-20% globally over two years, affecting up to 2,400 employees, to compete with low-cost Chinese rivals.

YMTC Expands NAND Production Capacity

Chinese memory manufacturer YMTC plans to build two additional NAND production facilities, more than doubling its manufacturing capacity to meet growing AI infrastructure demand and import substitution goals.

Iran Questions US Trust at Negotiations

Iranian Foreign Minister Abbas Araghchi questioned US trustworthiness during negotiations in Islamabad, referencing a February attack despite diplomatic assurances. The 21-hour talks ended without agreement.