Bosch layoffs mark largest restructuring in company history, affecting nearly 28,000 workers Bosch layoffs hit nearly 28,000 employees as the engineering group records €4.5bn in redundancy costs and faces protests …
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Business
Netflix announces Reed Hastings will step down as board chair in June
by Leo Müllerby Leo MüllerReed Hastings Leaves Netflix: Co‑founder Will Step Down as Board Chair After June Term Netflix co‑founder Reed Hastings leaves Netflix as board chair after June term, a move announced alongside …
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Technology
OMB announces safeguards to allow federal agencies to use Anthropic AI model
by Helga Moritzby Helga MoritzOMB Prepares Safeguards to Let Agencies Use Controlled AI Model The Office of Management and Budget is developing safeguards to enable federal agencies to deploy a previously tightly controlled AI …
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Hezbollah-Israel ceasefire announced by Trump, a ten-day pause that leaves Lebanon asking what’s next Trump announced a ten-day Hezbollah-Israel ceasefire starting at midnight, a pause that leaves many Lebanese uncertain …
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Business
German Health Ministry announces insurer rescue plan cutting homeopathy and clinic payments
by Leo Müllerby Leo MüllerGerman health insurance funds face cuts as ministry proposes ending homeopathy and raising high-earner contributions Germany’s health ministry unveils plan to stabilise health insurance funds by cutting homeopathy coverage, lowering …
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Business
Lufthansa Announces Cityline Closure and Withdraws 27 Aircraft Amid Strikes
by Leo Müllerby Leo MüllerLufthansa ends Cityline operations as strikes overshadow 100th anniversary Lufthansa ends Cityline operations amid 100th‑anniversary strikes, grounding 27 aircraft and trimming short‑haul capacity as unions battle over pensions. The company …
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Business
Rewe announces acquisition of up to 40 Tegut stores under antitrust review
by Leo Müllerby Leo MüllerRewe Tegut takeover: Rewe to acquire up to 40 Tegut stores Rewe to take over up to 40 Tegut supermarkets as Migros exits Germany; deal faces Bundeskartellamt review amid concentration …
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Business
German government announces €1,000 tax-free payout, employers call policy a central error
by Leo Müllerby Leo MüllerGovernment’s €1,000 tax-free bonus sparks employer backlash as BDA calls plan a ‘central error’ Berlin unveils a €1,000 tax-free bonus for employees, but employers must fund it — the BDA …
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Technology
Allbirds rebrands as NewBird AI and announces $50M GPU financing
by Helga Moritzby Helga MoritzAllbirds Rebrands as NewBird AI After $39M Shoe Brand Sale, Secures $50M Convertible Financing NewBird AI will sell GPU compute to enterprise customers after Allbirds sold its shoe brand and …
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Business
World Bank announces up to $100 billion aid package for Middle East
by Leo Müllerby Leo MüllerWorld Bank Announces Up to $100 Billion Aid for Countries Hit by Middle East War World Bank unveils up to $100 billion aid for countries hit by the Middle East …