Breaking 07:15 Indonesia to acquire Indian BrahMos and Astra missiles in major defence deal 07:00 Synopsys shifts focus to AI by phasing out legacy semiconductor manufacturing software 18:15 France and Burkina Faso complete reciprocal diplomatic withdrawal amid deepening rift 18:00 Canadian business inflation expectations ease after Middle East ceasefire, Bank of Canada survey shows 17:45 Colombia president-elect appoints Jorge Eduardo Mora as defense minister amid security crackdown plans 17:30 Fuel prices remain above pre-war levels ahead of summer travel season in France 17:15 Royal Air Maroc expands special US flight program amid surge in supporter demand for Morocco national team 17:00 T2S Group Holding secures AMMC approval for Casablanca Stock Exchange IPO 16:45 French government survives no-confidence vote as heatwave motion fails in Parliament 16:30 HM King Mohammed VI congratulates Malawi’s president on National Day 16:15 Deadly prison riot in Sri Lanka leaves at least 26 dead and more than 100 injured 16:00 Titan reports 41% growth in consumer business as festival demand boosts jewelry sales 15:45 Microsoft cuts 4,800 jobs as AI investments reshape Big Tech workforce 15:30 Pakistan emerges as mediator in Libya unity talks, sources say 15:15 Azerbaijan summons Russian ambassador over reported strike on SOCAR fuel station in Ukraine 15:00 One migrant dies, 35 survivors rescued after boat sinks off Greek island of Samos 14:45 Micron and Ford sign long-term semiconductor supply deal for next-generation vehicles 14:30 BP interim chair Ian Tyler reportedly interested in taking permanent leadership role 14:15 Lockheed Martin to acquire Ultra Maritime in $3.45 billion defence deal 14:00 Armenia seeks to repair strained ties with Russia after recent trade dispute 13:45 French PM dismisses no-confidence motion over heatwave response as political maneuver 13:30 Morocco’s House of Councillors to review national climate policies in annual parliamentary session 13:15 Alsace launches interfaith council to strengthen dialogue among religious communities 13:00 Tencent unit targets up to $1.55 billion through Kuaishou share sale 12:45 India plans major overhaul of stock lending rules to expand short selling 12:30 Iran holds national tribute for Ali Khamenei as funeral procession moves through Tehran 12:15 UK condemns Russian aircraft approach near Royal Navy carrier in Norwegian Sea 12:00 Eurockéennes 2026 draws 125,000 attendees, reinforcing its position among Europe’s leading music festivals 11:45 Australia–fiji defence treaty deepens pacific security alignment amid rising regional tensions 11:30 Colombia's Gustavo Petro to hold farewell ceremony on National Day ahead of presidential handover 11:23 Netanyahu government challenges Supreme Court order, reigniting Israel’s judicial crisis 11:18 FTSE indexes slip as miners weigh on London market despite M&A-driven gains 11:15 Rupee pressure returns as Indian companies revive forex arbitrage trades 11:07 UK regulator urges review of AI model rules as financial sector reliance grows 11:00 Germany says TKMS submarine deal would deepen Canada's long-term strategic ties with Europe 10:56 Nigeria reports deaths of citizens amid surge in anti-migrant violence in South Africa 10:47 Dior dresses Taylor Swift for ‘wedding of the decade’, edging out Chanel in celebrity fashion rivalry 10:45 Citi expands bullion business with London gold clearing approval 10:38 Spain on track to welcome 100 million tourists as global travel demand surges 10:30 Global oil market weathers historic Iran supply shock, but shrinking reserves raise fresh price risks 10:28 US families start back-to-school shopping earlier as rising costs reshape spending habits 10:24 Supreme Court ruling could reshape U.S. Senate fundraising landscape, narrowing Democrats’ cash advantage 10:19 Morocco launches National Association of Civil Engineers to strengthen construction sector coordination 10:15 US heat wave claims 19 lives in New Jersey as extreme temperatures grip eastern states 10:14 Belgium seeks fines against Ryanair over alleged commercial practices non-compliance 10:08 Raul Castro’s grandson signals openness to U.S. talks in rare diplomatic overture 10:00 Turkey intensifies security crackdown ahead of NATO Summit in Ankara 09:53 Indian refiners IOC and HPCL secure 7 million barrels of crude in latest tender deals 09:50 France signals openness to potential SAMP/T air defence sale to Turkey, sources say 09:45 FIFA faces controversy after lifting Balogun suspension ahead of World Cup knockout clash 09:42 Prince Harry to stay elsewhere after Buckingham Palace accommodation withdrawn 09:30 UN chief calls for global AI rules as technology outpaces regulation 09:15 Sapporo invests $643 million in Carlsberg venture to expand Southeast Asia presence 09:00 Boeing launches new 737 MAX assembly line to support higher aircraft production 08:45 Fincantieri expands underwater business with €600 million acquisition strategy 08:30 Airbus targets higher 2026 aircraft deliveries as production momentum accelerates 08:15 Samsung consumer electronics workers plan protest over widening bonus gap 08:00 Ocado confirms Tim Steiner will remain CEO until 2028 amid succession planning 07:45 ASM International appoints Chris Figee as incoming chief financial officer 07:30 China submarine missile test in Pacific raises security concerns across Indo-Pacific

Keywords: Porsche


Daring car heist in Paris luxury parking: 21 high-end vehicles recovered

A major police investigation is underway in Paris after a highly organized theft targeted a luxury car concierge service in the 15th arrondissement, resulting in the disappearance of dozens of high-end vehicles. The incident occurred during the night of May 16 to 17, when a coordinated group of suspects......

Porsche to close three subsidiaries and cut more than 500 jobs

Porsche AG announced plans to close three subsidiaries and eliminate more than 500 jobs as part of a major strategic restructuring aimed at refocusing the luxury car manufacturer on its core automotive business. The decision was approved by the company’s executive board and supervisory board amid......

German carmakers hit by new US tariff increase

Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......

Porsche 975 RSE signals major leap as Formula E enters GEN4 era

Porsche has unveiled the Porsche 975 RSE, a next-generation Formula E car designed to align with the upcoming GEN4 regulations, marking a decisive shift in the electric racing series. Presented on April 20, the model reflects a broader transformation of the championship, which is moving from an experimental......

Porsche sells Bugatti Rimac stake to investor consortium led by HOF Capital

Porsche has agreed to sell its holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, marking a major strategic exit from a high-profile automotive partnership. The German carmaker is divesting its 45 percent stake in the Bugatti Rimac joint venture as well as its 20.6 percent......

Porsche deliveries fall 15% as China slowdown and US tariffs bite

Porsche AG reported a 15% drop in global deliveries in the first quarter, with volumes falling to 60,991 vehicles from 71,470 a year earlier, as the German carmaker faced weaker demand in China and mounting pressure from new US import tariffs. The results, released on April 10, confirm a continued decline......

Porsche operating profit collapses after costly retreat from electric strategy

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......

Porsche seeks to regain momentum with cost cuts and renewed focus on combustion engines

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......

Volkswagen profits plunge as tariffs and China competition hit 2025 results

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......

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