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...
Ternium Weighs More Anti-Dumping Cases in Mexico Amid Steel Trade Tensions
Latin American steelmaker Ternium is considering filing additional anti-dumping cases in Mexico to counter rising steel imports, particularly from Asia, as trade tensions continue to complicate broader negotiations with the United States. Chief Executive...
Barrick Mining Files for IPO of North American Gold Business
Canada-based Barrick Mining has filed for an initial public offering (IPO) of its North American business in New York, marking a major development in one of the most anticipated public listings in the global...
US Stock Market Faces Further Volatility as Investors Assess Tech Selloff
The US stock market is showing early signs of stabilisation following a sharp selloff in technology and artificial intelligence (AI)-related stocks, but analysts warn that it is too soon to declare the correction over....
Anthropic Targets $1.02 Trillion Valuation in Landmark US IPO
Anthropic is targeting a valuation of up to $1.02 trillion in its proposed US initial public offering (IPO), seeking to raise as much as $64.4 billion through the sale of 825 million shares priced...
SoftBank Posts $7 Billion Quarterly Loss Amid Heavy AI Investments
Japanese investment giant SoftBank Group reported a net loss of $7 billion for the July–September quarter, significantly exceeding analysts’ expectations, as rising data centre development costs in the United States and sharply higher financing...
Microsoft Urges Trump Administration to Drop Proposed Ban on Chinese AI Data Centre Components
Microsoft is urging the Trump administration to reconsider its proposed ban on imports of Chinese optical transceivers, a critical component used in AI data centres. The company, along with other technology firms and industry...
Russell Brand Sentenced to 10 Years and Six Months in Prison for Rape and Sexual Assault
British comedian and actor Russell Brand has been sentenced to 10 years and six months in prison after being convicted of raping one woman and sexually assaulting three others in offences committed between 2004...
China Extends Trade Truce with US by Two Months
China has effectively extended its trade truce with the United States by two months, announcing the continued suspension of several trade measures ahead of the agreement’s scheduled expiry on Tuesday. The move comes as...