German auto industry crisis deepens as BMW, Porsche and Volkswagen announce major job cuts German auto industry crisis deepens: BMW, Porsche and Volkswagen reveal large-scale layoffs amid EV transition, China …
announces
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Business
Germany announces Frühstartrente to invest €10 monthly from 2027 for children
by Leo Müllerby Leo MüllerFrühstartrente: Germany to invest €10 monthly for 6–18‑year‑olds from 2027 into equity funds Frühstartrente: Germany will invest €10 monthly for 6–18‑year‑olds beginning in 2027 into equity funds; models show long-term …
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Business
BMW announces 8,000 job cuts after profit plunges on China sales slump
by Leo Müllerby Leo MüllerBMW profit decline deepens as Q2 net income falls 35% and China sales collapse BMW profit decline hits Q2 results: net income down 35% as China sales slump. Company unveils …
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Technology
Google Announces Play Signal API Worldwide Rollout to Improve Child Safety
by Helga Moritzby Helga MoritzGoogle expands Play Signal API worldwide to help apps tailor age-appropriate experiences Google will roll out Play Signal API worldwide by end of 2026, letting parents share age ranges via …
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Business
BMW announces 8,000 worldwide job cuts with majority in Germany
by Leo Müllerby Leo MüllerBMW announces 8,000 job cuts worldwide as industry crisis deepens BMW job cuts of 8,000 roles will hit more than half of reductions in Germany, the company says, as wider …
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World
Iraq announces comprehensive security plan to defend sovereignty after US-Saudi strikes
by anna walterby anna walterIraq Vows to Defend Its Sovereignty After Deadly US-Saudi Strikes Iraq vows to defend its sovereignty after deadly US-Saudi strikes, unveiling a security plan to stop Iraqi territory being used …
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Business
Porsche reports H1 profit surge and announces 5,000 German job cuts
by Leo Müllerby Leo MüllerPorsche job cuts: H1 2026 profit rises to €1.07bn despite falling revenue and deliveries Porsche to cut 5,000 jobs in Germany as H1 2026 revenue falls 5.1% to €17.3 billion …
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Business
BMW announces voluntary cuts of up to 8,000 jobs primarily in Germany
by Leo Müllerby Leo MüllerBMW job cuts: CEO Milan Nedeljković unveils plan to cut about 8,000 positions globally BMW job cuts: New CEO Milan Nedeljković announces a voluntary personnel-structure program to remove roughly 8,000 …
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World
Iran acting defence minister announces production lines more active and technologies advanced
by anna walterby anna walterIran defence manufacturing ‘more active than before,’ acting minister says Acting Iranian defence minister says Iran defence manufacturing lines are “more active than before”, disputing U.S. claims attacks degraded Tehran’s …
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Politics
Austria announces plan to extend military conscription to nine months
by Hans Ottoby Hans OttoAustria Extends Austrian Military Service to Nine Months as Coalition Approves Reform Austria will extend Austrian military service to nine months starting January 1, 2027, with mandatory troop exercises, higher …