Business

Audi cuts 2026 revenue forecast as second-quarter profit falls and margins tighten Audi revenue forecast trimmed to €58–63bn; Q2 after-tax profit down 21% to €563m as China and US demand …

Chey settlement preserves control of SK Inc. in high-value divorce agreement Chey settlement preserves SK Inc. control while resolving a high-value divorce claim, touching share valuation, IPO gains and legal …

Tonies launches lower-cost Toniebox Lite in US as part of global growth push Tonies rolls out a lower-priced Toniebox Lite in the United States to broaden family adoption, accelerate international …

Germany’s Search for a New Transport Minister Exposes Deep Infrastructure Strains Germany seeks a new transport minister amid infrastructure shortfalls, tight budgets and political risk as Berlin struggles with rail …

German industry loses ground as capacity erosion threatens economic competitiveness German industry loses ground as investment, skills shortages and rising energy costs combine to erode manufacturing capacity and competitiveness, experts …

Germany tightens heating subsidy: KfW enacts immediate changes after Bundestag cuts Germany’s heating subsidy reduced after Bundestag cuts; KfW enacts immediate changes, prioritizing low- and middle-income households and EU-made systems. …

Porsche to cut 5,000 jobs and guarantee employment to 2035, triggering a power struggle at Volkswagen Porsche to cut 5,000 roles and reduce capacity in Baden-Württemberg while offering employment security …

Energy consultant liability limited by Karlsruhe court in lost subsidy dispute Karlsruhe appeals court rules an energy consultant not liable for missed state subsidies when the contract left the application …

Italy’s EU recovery fund race: Local projects deliver but governance and priorities draw criticism Italy raced to spend its EU recovery fund ahead of an August deadline, turning billions into …