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Volkswagen considers factory closures in Germany

Volkswagen warned its employees of possible job losses and factory closures, including in Germany (Yann Schreiber) German auto giant Volkswagen said Monday it may close production sites in Germany as the auto industry struggles to contain rising costs. “In the current situation, even factory closures in vehicle production and component factories can no longer be

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Putin arrives in Mongolia, ICC member has issued an arrest warrant for him

Russian President Vladimir Putin arrived in Mongolia on Monday. He is a member of the international court that has issued a warrant for his arrest. The official visit, during which he will meet Mongolian leader Ukhnaa Khurelsukh on Tuesday, is Putin’s first to a member state of the International Criminal Court since the court issued

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A top Russian military commander has been arrested in a fraud case as the investigation widens

A senior Russian military commander was arrested Monday in a fraud case, the latest high-profile arrest in what appears to be a large-scale investigation into abuse of office in the military leadership of Russia. Major General Valery Mumindzhanov, deputy commander of the Leningrad Military District, has been arrested on suspicion of accepting bribes worth more

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The rise of German populism jeopardizes the country’s climate momentum

(Bloomberg) — A populist surge in elections in two eastern German states on Sunday signaled growing opposition to policies aimed at cleaning up Europe’s largest economy. Most read from Bloomberg The Greens, the main driver of Germany’s environmental movement in Chancellor Olaf Scholz’s governing coalition, suffered losses in Saxony and an even bigger blow in

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The far right won its biggest election victory in Germany since World War II

In the eastern state of Thuringia, the Alternative for Germany (AfD) party won 32.8% of the votes. It was the first far-right party to win a major election in Germany since the Nazis in 1938. Chancellor Olaf Scholz asked other parties to exclude the party from coalitions, thereby blocking its power. Germany’s anti-immigration policy Alternative

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China threatens to punish Japan over restrictions on chip sales

Updated on Sep 2, 2024, 8:31am EDTtechnologyEast Asia The news China threatened Japan with severe economic retaliation if Tokyo continued to restrict sales of chip manufacturing equipment to Chinese companies. For months, the US has pressured Japan to restrict the ability of companies to sell advanced chip tools to China, hoping to slow Beijing’s progress

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Bumper and Keyloop launch digital payment solutions for car dealers

Bumper, a payments platform for car sales, repairs and maintenance, has partnered with British automotive technology company Keyloop to enhance their integration. The new phase introduces support for all payment types and automatic payment reconciliation for car dealers. The enhanced partnership has resulted in a comprehensive suite of digital payment solutions and automatic payment reconciliation

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Chairman of Germany’s far-right AfD says goal remains national power

The far-right Alternative for Germany (AfD) party sees historic gains in Sunday’s state elections in the eastern states of Saxony and Thuringia as part of broader national ambitions, the party’s co-chairman said. AfD co-chair Tino Chrupalla said further gains by the AfD would make it impossible for other German political parties to continue refusing to

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