Business

France risks losing up to a quarter of its jobs in the car industry due to the transition to electric driving. According to an interest group for the French car sector, this concerns 100,000 of the 400,000 jobs at companies such as Peugeot,…
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EU leaders bid farewell to Chancellor Angela Merkel in Brussels after 16 years and 107 EU summits. Luxembourg Prime Minister Bettel will personally miss the German "compromise machine" very much, he says. At the start of the second…
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The value of bitcoin rose slightly on Monday morning. The main cryptocurrency was worth more than $62,000. Bitcoin is thus creeping towards the record value of $64,870 that was reached in April. The value of the world's most famous…
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Airline Alitalia is considered a national symbol in Italy, but 74 years of history will end on Thursday. The Italian airline is operating its last flight, definitively crippled by ongoing financial problems. An uncertain future threatens…
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Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve its competitiveness against rivals like Tesla. This is reported by the German daily newspaper Handelsblatt, which cites Volkswagen CEO Herbert Diess to the…
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New York Pizza has acquired two German pizza chains. It concerns Flying Pizza and Pizza Planet. Recently, the pizza chain Stückwerk was also incorporated in the eastern neighbours. The New York Pizza wants to become one of the most…
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The Federal Reserve, the US umbrella organization of central banks, will have its internal regulator investigate senior officials who traded in the financial markets. Early last week, two Fed executives resigned early after they…
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The European Commission wants to exempt companies from the state aid rules for another six months. Because the European economy is now recovering considerably, the flexible regime must be adjusted and prepared to be phased out, says…
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On Wednesday, credit rating agency Fitch said it had lowered its long-term credit rating on Chinese property developer Evergrande and its subsidiaries Hengda and Tianji. From CC to C, the cut reflects suspicions that Evergrande has…
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The UK retail trade association wants the government to provide even more work visas to foreign truck drivers to combat the dire shortages of truckers. Prime Minister Boris Johnson announced last weekend that he would issue 5000…
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