The economy is reopening. But the job cuts keep coming

What's happening: Automakers and air carriers announced a wave of job cuts this week, underscoring the potential for a long and tough recovery.as part of a major overhaul to reduce costs and help the French carmaker survive the pandemic. Some 4,600 positions will be eliminated in France, with 10,000 more in other markets.as it overhauls operations to reflect lower demand for air travel. That could mean the loss of as many as 4,500 jobs.That affects plane makers, too.

to 125,000 of the temporary employees hired to address a surge in demand for deliveries. But this isn't sufficient to offset the tsunami of layoffs experienced in recent months.Twitter says President Donald Trump hasagainst glorifying violence and has affixed a warning label to one of his tweets — the first time such action has been taken against the president's account, my CNN Business colleague Brian Stelter reports.

The action comes as Twitter and the president clash over fact-checking of his tweets, escalating the battle between the White House and big US tech companies.targeting social media firms, days after Twitter called two of his tweets"potentially misleading." It seeks to curb the power of platforms like Twitter and Facebook by reinterpreting a law that shields them from lawsuits about content on their websites. Legal challenges to the order are expected.

Shares in the company, which also owns the Jacobs, Douwe Egberts and L'OR brands, jumped as much as 17% above the offer price of €31.50 , before settling at around €35 .

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