Browsing: Business

Volkswagen is reviewing up to 50,000 additional job reductions across its global operations. The review brings the total under consideration to as many as 100,000 positions worldwide. Chief Executive Oliver Blume informed employees about the additional figure in an internal

The Council of the European Union gave final approval Tuesday to the EU-Mexico Interim Trade Agreement. The move completes the bloc’s internal approval process for the updated commercial pact. EU and Mexican leaders signed the agreement in Mexico City on

Russia’s natural gas exports to the European Union rose about 18% in the first half of 2026, the Energy Ministry said. The ministry placed six-month imports above 9.89 million metric tons. The increase mainly reflected liquefied natural gas shipments from

Italy’s industrial production fell 0.3% in May from April, ending three straight monthly gains. Istat reported the seasonally adjusted decline on July 10, 2026, in its latest monthly output release. The result followed increases of 0.1% in February, 0.7% in

The European Union has moved into a formal review of its crypto rulebook, with stablecoins and cross-border token issuance at the center of the work. The European Commission opened the process on May 20, 2026. It set a response deadline

Trade policy choices can determine how quickly global food markets recover from shocks, the Food and Agriculture Organization said in a flagship report released Thursday. The State of Agricultural Commodity Markets 2026 examines disruptions caused by extreme weather, conflicts, pandemics,

The European Parliament backed talks with EU member states on a proposed digital euro on Thursday, moving the legislation into interinstitutional negotiations. Lawmakers approved the main negotiating mandate by 416 votes to 169, with 22 abstentions. By a show of

Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It

Austria’s shift toward lower-carbon industry advanced with progress on voestalpine’s new electric arc furnace at Donawitz, one of two major steel decarbonization projects under the company’s greentec steel program. The plant forms part of a move away from coal-heavy blast

Global investment in intangible assets passed US$10 trillion in 2025 for the first time, the World Intellectual Property Organization said. The Geneva-based agency said spending on non-physical assets grew more than three times faster than investment in tangible assets. The