Business

Meta 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 …

BASF 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 …

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 …

Nvidia 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 …

Germany 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 …

UniCredit 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 …

IEA: Electromobility Could Cut Road Transport Emissions by About 1 Billion Tonnes by 2035 IEA projects electrification could reduce road-transport greenhouse gases by ~1 billion tonnes by 2035; Germany’s new …

German hospitality revenue tumbles to lowest level since spring 2022 German hospitality revenue fell to its lowest level since spring 2022 in March, with price‑adjusted turnover down 5.2% year‑on‑year, driven …

German building modernization law advances after cabinet clears draft allowing oil and gas installations New draft of the building modernization law would let oil and gas heating be reinstalled, while …