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EUROPEAN CAR INDUSTRY JOB CUTS
EU Commission proposes five major cross-border defence projectsThe European Commission has put forward five significant cross-border defence initiatives, paving the way for EU funding. These projects, i...- UK electric car market share hits 30% in June: industry dataIn a significant surge, British new car registrations climbed 15% in June. Battery electric vehicles are making strong inroads, capturing a...
- Global stocks: UAE markets end higher; IHC gains on India aluminium ventureUAE stock exchanges enjoyed a remarkable jump on Friday, paralleling an upswing in global indices after a lackluster U.S. jobs report eased...
- AI hiring outpaces overall IT recruitment in India: reportIndia's IT sector is prioritising artificial intelligence (AI) hiring, with AI roles seeing a 16% year-on-year surge in June, contrasting w...
- Global Market Update: Europe's STOXX 600 hits record high, eyes best weekly gain since mid-MayEurope's STOXX 600 hovered near record highs on Friday and headed for its best week since mid-May, supported by gains in defence and cyclic...
- In football-mad Kolkata, one lane becomes World Cup centralKolkata's Beniatola area has transformed a humble lane into 'FIFA Gully', a vibrant testament to the city's deep-rooted football passion. G...
- Cars24 scraps job titles and hierarchy in AI-era organisational overhaulIndian used-car platform Cars24 has ditched job titles and hierarchical ranks for all employees, adopting a single designation: 'Builder'. ...
- Tesla stock price: Why are Tesla shares down even though Elon Musk-owned EV giant posts record second-quarter sales deliveries?Tesla stock fell sharply in midday trading Thursday, down more than 7 per cent, in an odd development.
- Ahead of Market: 10 things that will decide stock market action on FridayIndian equities rallied as easing Middle East tensions pushed crude prices lower and dovish Fed remarks boosted sentiment. Sensex gained ne...
- Volkswagen cuts are 'wake-up call' for European industry, BYD advisor saysVolkswagen's aggressive cost-cutting measures are a stark warning to Europe's auto sector, according to BYD's European advisor. Alfredo Alt...
- Fear and anger brew inside Meta amid AI frenzyA frenzied push for artificial intelligence dominance comes with a different kind of cost for Meta, where massive layoffs, employee surveil...
- Carmakers pare discounts as GST cut revives small-car demandCar manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-mar...
- Austria lobbies EU to host Anthropic AI after US curbs: ReportAustria is pushing the European Union to consider hosting Anthropic AI system within its borders to counter efforts by the U.S. to bloc...
- Volkswagen key shareholder pitches producing Chinese car models in GermanyGermany's Lower Saxony premier, a major Volkswagen shareholder, suggested producing China-developed models locally to secure jobs and boost...
- FIFA World Cup:'Hey Jude' rings out as Bellingham leads England past PanamaJude Bellingham shone for England in their 2-0 World Cup victory over Panama, scoring the opener and assisting Harry Kane. This performance...
- European shares slip as tech selloff bites, Zalando slidesEuropean markets retreated from record highs Friday, with tech stocks mirroring global weakness. Zalando shares plunged after a German prob...
- In May, every 10th new car sold in Europe was ChineseChinese car brands have captured over 11% of the European new car market for the first time, driven by hybrid and plug-in hybrid models off...
- Volkswagen Law: The unique structure behind Europe's biggest carmakerVolkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistan...
- United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...
- Porsche CEO aims to finalise new cost-cutting package by JulyPorsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. ...
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