1. Tire maker Pirelli to halt Venezuela unit for two weeks

    Tire maker Pirelli to halt Venezuela unit for two weeks

    The Venezuela division of tire maker Pirelli plans to halt its local operations for two weeks starting on Jan. 30 due to a lack of raw materials, the company said on Tuesday. Factories in Venezuela often have to reduce or halt operations as a result of chronic raw material shortages, caused primarily by exchange controls that leave companies unable to obtain dollars.

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