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...
German closes border
The European country of Germany has closed down its border in order to prevent the spread of a coronavirus, which originated in the Chinese city of Wuhan. The country, which shares borders with France,...
Shadow Diplomacy: Syrian leaders meet in Germany to discuss peace
Several Syrian leaders, mostly tribal leaders and the members of influential families in the country, has gathered in the German city of Berlin to discuss the possibility of bringing long-lasting peace in their country....
US suspects involvement of Iran in Ukrainian plane crash
The United States has expressed its suspension over the involvement of Iran in the Ukrainian plane crash which killed around 176 people on board. The Ukrainian government has also responded in the same language....