EU Commission halves Germany growth forecast to 0.6% amid energy price shock EU Commission cuts Germany’s 2026 GDP growth forecast to 0.6%, citing high energy prices after Iran conflict; EU …
Leo Müller
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Business
BASF announces CoreShift to slash fixed costs 20 percent and cut jobs
by Leo Müllerby Leo MüllerBASF unveils CoreShift plan to cut cash fixed costs by up to 20% by 2029 BASF launches “CoreShift” to reduce cash fixed costs in its core business by up to …
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Deutsche Post warns of costly mail forwarding ‘price trap’ as third‑party sellers charge up to €130 Deutsche Post warns consumers about an online mail forwarding ‘price trap’ after finding third‑party …
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Business
Volkswagen launches FAZ podcast as Germany watches decisive turnaround year
by Leo Müllerby Leo MüllerVolkswagen crisis deepens as F.A.Z. launches “Die VW-Story” podcast in a make-or-break year Volkswagen crisis reaches a pivotal moment in 2026 as F.A.Z. debuts “Die VW-Story” podcast, examining the automaker’s …
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Business
Meta begins Singapore layoffs and confirms up to $145 billion AI investment
by Leo Müllerby Leo MüllerMeta layoffs in Singapore mark start of company’s 8,000-job cuts as AI shift accelerates Meta layoffs begin in Singapore as the company moves to cut 8,000 jobs globally, reassign 7,000 …
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Business
BASF announces CoreShift program to cut fixed costs 20 percent by 2029
by Leo Müllerby Leo MüllerBASF launches CoreShift to cut cash-based fixed costs by up to 20% and reshape workforce BASF launches CoreShift to cut cash-based fixed costs by up to 20% by 2029, reshaping …
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German producer prices surge in April as Iran-linked oil shock drives costs German producer prices rose 1.7% year‑on‑year in April as an Iran-related oil shock pushed energy and input costs …
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Business
Nvidia posts nearly $58 billion profit and announces $80 billion buyback
by Leo Müllerby Leo MüllerNvidia earnings surge with $58 billion quarterly profit and $80 billion buyback Nvidia earnings jump as the chipmaker posts nearly $58 billion net income and $81 billion revenue, raising guidance …
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Business
German finance ministry prepares subsidy cuts to fund income tax reform
by Leo Müllerby Leo MüllerGermany Weighs Subsidy Cuts to Fund Income Tax Reform, Working Group Reportedly Targets €5 Billion Germany weighs subsidy cuts to fund an income tax reform; a Federal Finance Ministry working …
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Business
UniCredit takeover bid sparks Wiesbaden protests over potential 23,000 job cuts
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests as employee cuts loom Commerzbank shareholders met in Wiesbaden amid protests over the proposed UniCredit takeover of Commerzbank, with staff warning the deal could …