14:45
Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver Blume outlined the plan in a letter......
Mercedes-Benz has rejected reports that it is developing a new electric vehicle platform in China based on technology from its partner Geely Auto, calling the claim inaccurate and fabricated. The report, first published on March 4 by Chinese business outlet 36Kr and later circulated across international automotive media, described a project......
Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part of Volkswagen’s annual report,......
BYD Co., the world’s largest electric vehicle manufacturer, is exploring potential entry into top tier international motorsport, including Formula 1 and the FIA World Endurance Championship, as part of a strategy to strengthen its global brand presence, according to Bloomberg. The Shenzhen based company is assessing several pathways......
German sports car manufacturer Porsche is preparing a strategic shift aimed at restoring growth and strengthening investor confidence. Under the leadership of its new chief executive officer, Michael Leiters, the company is expected to prioritize cost reductions and place renewed emphasis on traditional combustion-engine models. The move......
Volkswagen reported a sharp decline in profits for 2025, with operating earnings falling by more than half as U.S. tariffs and intensifying competition in China weighed on the German automaker’s performance. The company said it expects only a modest recovery in 2026 as it adapts to what executives described as a fundamentally changed......
Germany has coordinated with European allies to supply about 35 PAC-3 interceptor missiles for Ukraine’s Patriot air defense systems, according to a report by Der Spiegel confirmed by the German Defense Ministry. Around 30 of the missiles will come from several European partner countries, while five additional interceptors will be provided......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of 2.8 percent for 2025, slightly below the......
A team of Chinese researchers has developed a quantum dot device capable of emitting photon pairs with a purity of 98.3 percent, setting a new benchmark in quantum optics and advancing efforts to create reliable two photon sources for encryption, medical imaging and precision sensing. The research, published in the journal Nature Materials,......
Major international sporting events are increasingly becoming strategic platforms for brands seeking to express their values, connect with audiences and promote environmental commitments. With the 2026 Winter Olympics recently held in Italy and the FIFA World Cup scheduled to begin on June 11 in North America, companies are intensifying their......
Middle East Airlines (MEA), Lebanon’s national carrier, has released an updated flight schedule for the weekend as tensions continue to escalate in the Middle East. The announcement comes roughly a week after the outbreak of a new phase of hostilities in the region. Despite the volatile security situation, Lebanon’s main aviation......
A Serbian court has sentenced three men to house arrest after they pleaded guilty to a series of hate crimes and espionage-related offenses, including placing pig heads near mosques in Paris to incite anti-Muslim sentiment. The trio also admitted to acts of defacing Jewish sites in France and Germany. Plea and sentencing The three men, part......
Global investors are directing significantly more capital toward international equities than US stocks for the first time in nearly a decade, a trend Bank of America analysts describe as the emergence of a “new world order” in financial markets. Data cited by Bloomberg from a Bank of America report show that about $104 billion......
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