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Europe Business

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DHL to cut 8,000 German jobs in largest layoff in 20 years
German delivery giant DHL cuts 8,000 jobs, largest in decades

BONN, Germany: DHL plans to cut 8,000 jobs in Germany this year, marking its most significant domestic workforce reduction in at least...

Berlin abandons strict debt rules for major spending boost.
Germany to ease debt limit, unlock 1 trillion euros for defense, infra

FRANKFURT, Germany: Germany is set to loosen its strict debt limits in a historic shift that could unlock over 1 trillion euros ($1.08...

Piaggio hits record profit margins in 2024 despite economic challenges
Vespa maker Piaggio posts record margin despite 'anomalous' economy

PONTEDERA, Italy: Italy's Piaggio, the maker of the iconic Vespa scooter, reported record-high core profit margins for 2024 despite...

Prada keeps acquisition options open, CEO Andrea Guerra says
Prada CEO hints at acquisitions amid Versace, Jimmy Choo rumors

MILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...

Tesla sales plunge in Scandinavia and France amid EV market shift
Tesla sales down in France, Scandinavia as Musk faces test of brand

OSLO/COPENHAGEN: Tesla is experiencing a sharp drop in sales across Scandinavia and France as shifting consumer sentiment and an aging...

US pulls out of climate damage compensation fund
US pulls out of climate damage compensation fund

The Trump administration has told world financial institutions that the U.S is pulling out of the landmark international climate Loss...

International

Section
Protests mount over detention of Columbia University student
Jailed Columbia University student moved from NYC to Louisiana

NEW YORK CITY, New York - A student of Columbia University, arrested for protesting against the carnage in  Gaza, has been moved out...

Los Angeles, Pasadena sue Edison over devastating wildfire
LA County, Pasadena, sue Southern California Edison over wildfires

LOS ANGELES, California: Los Angeles County, Pasadena, and other public agencies have sued Edison International and its subsidiary,...

Trump plans executive order to abolish Department of Education
Trump to order Education Department abolished

WASHINGTON, D.C.: According to a report in the Wall Street Journal, former President Donald Trump is planning to sign an order to shut...

Israel cuts off all electricity to Gaza, impacting Palestinians and hostages
Israel worsens conditions for remaining hostages by cutting power to Gaza

Already under siege, the heavily-blockaded Gaza Strip, housing more than two million displaced people, as well as the remaining Israeli...

US announces new visa policy targeting immigration facilitators
US imposes visa restrictions on officials aiding illegal immigration

WASHINGTON, D.C.: U.S. Secretary of State Marco Rubio has announced new visa restrictions. The policy will apply to foreign government...

Ex-LA fire chief loses bid to reclaim job after wildfire fallout
Former Los Angeles fire chief fails to get job back after ouster

LOS ANGELES, California: Former Los Angeles Fire Chief Kristin Crowley lost her bid to get her job back after being fired by Mayor...