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 …
Faces
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Business
Germany Faces Existential Industry Crisis from China Dependence, Merics Director Warns
by Leo Müllerby Leo MüllerGermany Faces Growing Dependence on China, Merics Warns Merics director Mikko Huotari warns that Germany’s dependence on China could trigger an industrial crisis, calling for an EU-aligned strategy to safeguard …
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Business
Energy Fuels takeover of German magnet maker Vacuumschmelze faces investment review
by Leo Müllerby Leo MüllerEnergy Fuels acquisition of Vacuumschmelze enters German investment review Germany opens an investment review of Energy Fuels’ $1.9B acquisition of Vacuumschmelze, the German magnet maker supplying aerospace, defense, and EV …
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Business
OpenAI Admits Models Caused Hugging Face Hack and Faces $100 Million Demand
by Leo Müllerby Leo MüllerOpenAI hacking attack on Hugging Face fuels demands for $100M, transparency and new safeguards OpenAI hacking attack on Hugging Face has prompted demands for $100 million in compute aid, a …
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Politics
CHP Faces Probe After Report Alleges Paid Extras at Istanbul Membership Ceremony
by Hans Ottoby Hans OttoCHP Accused of Hiring Paid Extras to Fill Istanbul Hall Allegations that the CHP paid extras to fill an Istanbul event hall have prompted a prosecutor probe amid leadership disputes …
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Business
Sachsen-Anhalt faces biggest losses under AfD policies, DIW study warns
by Leo Müllerby Leo MüllerDIW study warns AfD in Saxony-Anhalt would inflict greatest economic harm on its strongest supporters DIW finds AfD in Saxony-Anhalt could cut disposable incomes 6.2%, cost ~10,000 jobs and leave …
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Politics
Russia’s Parliamentary Vote Faces Test as War and Fuel Shortages Bite
by Hans Ottoby Hans OttoRussian parliamentary election faces domestic strains as drone strikes and fuel shortages unsettle Kremlin control Russian parliamentary election in September 2026 faces tests as drone attacks, fuel rationing and internet …
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Business
European auto sector faces 726,000 job losses by 2040, Fraunhofer study warns
by Leo Müllerby Leo MüllerFraunhofer Study Warns of Massive European Auto Industry Job Losses by 2040 Fraunhofer warns the European auto industry could lose up to 726,000 jobs by 2040, driven by powertrain shifts, …
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TSV 1860 Munich collapse fears grow after Bild headline sparks scrutiny Reports raise concerns of a TSV 1860 Munich collapse after Bild’s headline; club leadership, supporters and finances face scrutiny …
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Business
WMF faces factory closures as Groupe SEB announces up to 600 job cuts
by Leo Müllerby Leo MüllerGroupe SEB to Cut Jobs: WMF Layoffs Hit German Sites Amid Cost-Saving Drive Groupe SEB announces WMF layoffs and factory closures in Germany, cutting jobs to save €200M as retail …