Volkswagen aims to cut costs by 20% by 2028 as part of a new restructuring drive.Reports say plant closures are possible as the company adapts to tougher global competition. Chief executive Oliver Blume and finance chief Arno Antlitz presented the plan to senior managers.The goal is to secure long-term profitability despite falling sales, high costs and the rapid growth of Chinese carmakers in Europe. An earlier overhaul already included 35,000 job cuts by 2030 and a €10bn savings target.Volkswagen says the programme has delivered savings in the double-digit billion-euro range. The pressure comes as the EU trade deficit with China…
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Big Tech companies are accelerating artificial intelligence development with unprecedented capital expenditure. They plan spending above 700 billion dollars in 2026, equal to about 590 billion euros. This marks a roughly 75 percent increase compared with 2025. Several companies released earnings reports and outlined their spending plans. Analysts confirmed these projections and underlined their strategic significance. Wall Street focuses heavily on the combined capital expenditure figure. The market tracks more than 700 billion dollars flowing into AI infrastructure this year. That amount exceeds Sweden’s nominal GDP for 2025, according to IMF estimates. Global chip sales are expected to reach one…
The move from injections to tablets is accelerating the growth of the obesity drug market.Daily GLP-1 pills are easier to take, cheaper to store and appeal to people who avoid needles.Analysts expect the sector to reach about $200bn by the early 2030s. Novo Nordisk launched the first oral Wegovy for weight loss in the US in December.Prescriptions climbed rapidly, drawing both new patients and people switching from jabs.Users report more consistent appetite control, although they must remember a daily dose. Eli Lilly is preparing a rival pill that may be easier to absorb and take.Competition is intensifying as more companies…
Health agencies warn that measles remain a serious challenge in Europe, despite a decline in cases in 2025 compared with the previous year’s record. Experts urge governments and communities to act quickly to strengthen vaccination coverage and prevent new outbreaks across the continent. Measles often disappear from public debate, but they continue to spread in several European countries. Europe recorded 127,350 measles cases in 2024, which marked the highest total since 1997. Cases declined in 2025, but infections still doubled compared with 2023, according to the European Centre for Disease Prevention and Control. Sabrina Bacci, head of the ECDC programme…
Max Verstappen criticised Formula One’s new regulations after pre-season testing in Bahrain.He called the energy management demands “anti-racing” and “not fun to drive”.He warned he could leave the sport if racing stops being enjoyable. Lewis Hamilton also questioned the changes.He said the systems are extremely complex and difficult for fans to understand. The new rules introduce redesigned cars, new tyres and sustainable fuel.The engines now rely on an almost equal split between combustion and electric power.Drivers must constantly manage energy deployment during a lap. Testing times gave only limited clues about performance.Mercedes led the times with Kimi Antonelli and George…
Aluminium prices slipped on Friday as zinc, nickel, and lead also fell. Investors reacted to reports that US President Donald Trump may reduce tariffs on metal imports. Markets factored in the potential policy shift ahead of November’s midterm elections. The three-month aluminium contract on the London Metal Exchange fell over 2.5% to $2,965.75 per tonne by midday. The most active contract on the Shanghai Futures Exchange declined 1.76% to 23,195 yuan per tonne. Major Metals Follow Aluminium Lower Zinc traded at $3,316.50 per tonne, down $51.95 or 1.54%. Nickel dropped $257 to $16,993.38 per tonne, a loss of 1.49%. Lead…
US inflation fell to 2.4% in January after last year’s tariff-driven price swings. The consumer price index rose 0.2% from December, while core prices increased 0.3%. Economists expected a small decline in the annual rate. Prices dropped to 2.3% in April, climbed to 3% by September, and eased later. The White House credited Trump’s economic agenda for stable inflation. Officials argued low inflation will support future interest rate cuts. Wall Street watches the data for signals before the Fed’s March meeting. Jerome Powell said tariffs will cause a temporary price rise before stabilizing. The labor market stayed resilient, but overall…
US President Donald Trump revoked a 2009 scientific finding that classified greenhouse gases as a threat to human health. The rule had served as the legal foundation for federal climate regulations affecting vehicles, power plants, and industry. The White House described the move as the “largest deregulation in American history,” claiming it will cut vehicle costs by $2,400 and ease pressure on automakers. Environmental groups called it the most significant climate rollback to date and pledged to challenge it in court. Trump targets Obama-era climate measures Speaking in the Oval Office, Trump said the 2009 rule was “a disastrous policy…
The top legal adviser to the European Court of Justice has said billions of euros were wrongly released to Hungary. Tamara Ćapeta, advocate general at the court, argued the European Commission should not have unfrozen about €10bn because required judicial reforms were not properly implemented. The commission had suspended funds in 2022 over concerns about corruption and rule-of-law backsliding under Prime Minister Viktor Orbán. In 2023, it lifted the suspension, saying Hungary had met the necessary conditions. The European Parliament challenged that decision, claiming the commission made serious errors. Ćapeta said the commission failed to adequately assess reforms and lacked…
Narrow Vote Exposes Growing Partisan Tensions The US House of Representatives voted to rescind President Donald Trump’s tariffs on Canadian goods. Lawmakers approved the resolution with 219 votes in favor and 211 votes against. Six Republican lawmakers joined Democrats to support the measure. The vote remains symbolic because the US Senate must approve it and Trump must sign it. Trump is very unlikely to sign the resolution into law. Trump Expanded Trade Pressure After Re-Election Trump imposed several tariffs on Canada after his re-election. He recently threatened a 100% import tax in response to Canada’s proposed trade deal with China.…
