Volkswagen Abandons ‘Gamechanger’ Production Plan at Wolfsburg Plant
Volkswagen has announced that it will abandon its originally planned “Gamechanger” manufacturing concept at its main Wolfsburg plant in Germany, a decision likely to intensify tensions with workers amid the automaker’s ongoing restructuring. The...
German Antitrust Watchdog Questions PayPal’s Fee Restrictions
Germany’s Federal Cartel Office has raised concerns that PayPal’s prohibition on online merchants charging customers additional fees for using its payment service could restrict competition and potentially violate the law. The authority said the...
US Pressures Europe to Release Diesel Reserves or Face Export Ban
The Trump administration has urged Germany and France to release emergency diesel inventories to help ease global fuel prices, warning that the United States could consider restricting diesel exports if Europe does not act,...
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
EU Challenges JD.com’s Ceconomy Takeover Over Foreign Subsidy Concerns
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
German Bond Yields Hit Two-Year High as Oil Surge Fuels ECB Rate Hike Expectations
German two-year government bond yields climbed to their highest level in two years on Monday as rising oil prices, driven by escalating tensions involving Iran, strengthened expectations that the European Central Bank (ECB) will...
Germany Eyes Brazil for Critical Metals, Offers Tech Support
Germany’s Chancellor Friedrich Merz on Monday highlighted Brazil’s strong potential to expand supplies of critical metals essential for e-mobility and wind energy, signaling a push to deepen industrial cooperation. Speaking at the Hanover Industrial...
Russia files new fraud case against opposition leader Alexei Navalny
The European country of Russia, which is ruled by Russian President Vladimir Putin, has filed a new fraud case against Alexei Navalny, who is a very powerful opposition leader. Mr. Navalny is at present...
German sexual crime offender booked near France border
A notorious sexual crime offender, who is suspected to have committed as many as 160 sexual abuses in Germany, has been tracked down near a border which France shares with Germany. The offender has...
US reaches new defence deal with Poland
As an indication that the US is less likely to reconsider its decision to reduce the strength of NATO in Germany, the North American country has reached a defence deal with Poland, assuring them...