EU budget 2027: Member States Back €192 Billion Plan, €8 Billion Less Than Commission EU member states agree on a provisional €192 billion EU budget for 2027, setting the stage …
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Business
Volkswagen reveals plan that could cut 50,000 jobs worldwide by 2030
by Leo Müllerby Leo MüllerVolkswagen job cuts could reach 50,000 as CEO signals broad cost reset Volkswagen job cuts: CEO Oliver Blume told staff that up to 50,000 additional roles could be eliminated by …
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Politics
German court suspends 4.5% fee cut for psychotherapists after KBV lawsuit
by Hans Ottoby Hans OttoCourt Suspends Controversial Psychotherapist Fee Cut After KBV Challenge A regional social court in Berlin-Brandenburg has paused the psychotherapist fee cut, halting immediate enforcement after a lawsuit by the Kassenärztliche …
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Business
Volkswagen unveils 2030 restructuring plan, could cut over 100,000 jobs
by Leo Müllerby Leo MüllerVolkswagen restructuring stalls as supervisory board delays decisions on plant closures and job cuts Volkswagen restructuring faces a pause after the supervisory board on Thursday, July 9, 2026, declined to …
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Business
Heat pump subsidies to be cut as Germany phases out climate bonus
by Leo Müllerby Leo MüllerGermany to cut heat pump subsidies as budget draft reduces caps and tightens rules Germany to cut heat pump subsidies: lower caps, local-content rules and a faster phase-out of the …
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Business
IG Metall mobilizes nationwide actions at Volkswagen over plans to cut 100,000 jobs
by Leo Müllerby Leo MüllerVolkswagen savings plans trigger nationwide IG Metall action day ahead of supervisory board meeting IG Metall has called a nationwide action day to protest Volkswagen savings plans, organizing demonstrations at …
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Technology
Deepseek announces custom AI chips to cut reliance on major chipmakers
by Helga Moritzby Helga MoritzDeepseek to Build Custom AI Chips to Reduce Dependence on Major Chipmakers Chinese AI startup Deepseek plans custom AI chips for pretrained model use, aiming to reduce reliance on major …
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Business
Fuel tax cut in Germany only partially passed to drivers, ifo finds
by Leo Müllerby Leo MüllerIfo: Germany’s tank rebate largely reached petrol drivers but only partly reached diesel motorists Ifo finds Germany’s tank rebate was almost fully passed to petrol buyers but only partly to …
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Business
Ifo finds diesel fuel tax cut passed on only partially to drivers
by Leo Müllerby Leo MüllerIfo: Tank rebate passed almost fully to petrol drivers but only partly to diesel users Ifo: Germany’s tank rebate was passed nearly fully to petrol drivers but only partly to …
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Business
EU Commission centralizes cross-border energy grid planning to cut bottlenecks
by Leo Müllerby Leo MüllerEU grid plan wins backing from energy ministers to centralise cross‑border network planning Brussels will produce four‑year scenarios to guide investments, speed up permitting and target funding for eight priority …