Eberspaecher China expansion: Supplier to shift factories and R&D to China to triple Asian sales Eberspaecher shifts factories and R&D to China to grow Asian sales from 8% to 24%, …
announces
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Business
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
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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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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Business
Nvidia posts nearly $58 billion profit and announces $80 billion buyback
by Leo Müllerby Leo MüllerNvidia earnings surge with $58 billion quarterly profit and $80 billion buyback Nvidia earnings jump as the chipmaker posts nearly $58 billion net income and $81 billion revenue, raising guidance …
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Politics
Hungary Announces Closer Foreign Policy Alignment with Poland to Secure EU Funds
by Hans Ottoby Hans OttoPéter Magyar Pledges Closer Hungary–Poland Coordination on Foreign Policy During Warsaw Visit Péter Magyar visits Warsaw to announce closer Hungary-Poland coordination on foreign policy, aiming to restore rule of law …
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Business
EU announces import ban on Brazilian meat over antibiotic noncompliance
by Leo Müllerby Leo MüllerEU import ban on Brazilian meat to take effect Sept. 3, 2026 amid antibiotic-trace concerns EU import ban on Brazilian meat starts Sept. 3, 2026 after Brussels says Brazil cannot …
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Business
Mercedes accused by IndustriALL of threats and campaign payments as union announces joint agreement
by Leo Müllerby Leo MüllerIndustriALL Accuses Mercedes of Worker Intimidation, Unveils Joint Labor Agreement IndustriALL accuses Mercedes of threatening employees and funding anti-union campaigns, and unveils a joint agreement to coordinate international labor action. …
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Ford Europe pledges five Europe-built models by 2029 under new chief Jim Baumbick Ford Europe chief Jim Baumbick vows five Europe-built models by 2029, Renault partnerships and production in France …
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Business
Commerzbank announces 3,000 job cuts via AI to fend off UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank job cuts: bank to reduce about 3,000 roles, cites AI-driven savings while resisting UniCredit takeover Commerzbank job cuts: Bank plans roughly 3,000 role reductions using AI and cuts to …