Porsche job cuts expected as automaker prepares further staff reductions by end of July Porsche job cuts are being prepared as the company plans management-focused staff reductions under a “Zukunftspaket” …
Business
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Business
Aix-en-Provence Economic Conference Spotlights Presidential Candidates, Excludes Political Extremes
by Leo Müllerby Leo MüllerAix-en-Provence Economic Conference Becomes Battleground for France’s Presidential Race At the Aix-en-Provence economic conference, long seen as the meeting place for France’s economic and political elite, discussions this year were …
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easyJet board backs Castlelake takeover in principle valuing airline at £5.2bn
by Leo Müllerby Leo MüllereasyJet agrees in principle to Castlelake takeover bid at £6.90 per share easyJet agrees in principle to a Castlelake takeover at £6.90 per share, valuing the airline at £5.2bn; Castlelake …
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EU single market reforms stall as Berlin blocks streamlined digital rules
by Leo Müllerby Leo MüllerEU Single Market Reform Stalls as Member States Dilute Deregulation Push EU single market reform is losing momentum as member states and lawmakers add national requirements to digital and deregulation …
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Germany Extends Sunday Hours for Bakeries as Retailers Push Wider Openings
by Leo Müllerby Leo MüllerGermany moves to expand Sunday openings for bakeries as retailers press for broader rules Government extends bakery Sunday hours; retailers demand wider Sunday openings to revive city centers and match …
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Business
AI Boom Propels World’s 100 Most Valuable Companies to 18 Percent Gain
by Leo Müllerby Leo MüllerAI boom drives combined value of top 100 listed companies to $61.9 trillion EY report: AI boom lifts top 100 firms to $61.9T by June, driven by US tech leaders …
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Mercedes workers launch mass protests as IG Metall warns of nationwide strike
by Leo Müllerby Leo MüllerGerman auto industry rocked as Mercedes workers stage mass protests and VW restructuring looms Mercedes mass protests and looming VW cuts put the German auto industry under pressure as unions …
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Red light mask goes viral on Netflix and fuels billion-dollar beauty boom
by Leo Müllerby Leo MüllerRed Light Mask Sales Surge After Netflix Exposure, Driving a Billion-Dollar Beauty Trend Younger consumers push red light mask demand after Netflix appearances, fueling sales and debate over efficacy as …
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Germany’s health insurance compromise stabilizes contributions and eases family burden
by Leo Müllerby Leo MüllerCoalition softens GKV contribution stabilization law with reduced family fees and extra federal funding German coalition softens GKV contribution stabilization law: lower family insurance fees, €1.4bn extra federal funding in …
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Business
Nursing home costs near Cologne reveal regulations push fees to €9,000 monthly
by Leo Müllerby Leo MüllerNew NBER paper finds reform success stronger in rich countries, challenging Olson and offering lessons for Germany New NBER study finds richer countries achieve greater reform success than thought, challenging …