EU Accuses Firms in Suspected Artificial Turf Cartel Over Recycling Prices EU opens probe into an alleged artificial turf cartel after claims German and Dutch firms fixed recycling costs; fines …
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EU cuts growth forecast for Germany to 0.6% amid energy-price shock EU cuts growth forecast for Germany to 0.6% amid Middle East energy shock; Commission warns higher prices and supply …
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Nvidia announces record Q1 profits as AI investment concerns mount
by Leo Müllerby Leo MüllerNvidia earnings surge, but industry adoption gaps raise questions about an AI investment bubble Nvidia earnings jumped dramatically in the first quarter, with revenue up roughly 85% to $81 billion …
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Business
EU Commission halves Germany 2026 growth forecast to 0.6% over energy shock
by Leo Müllerby Leo MüllerEU 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 …
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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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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 …