Volkswagen is weighing a potential reduction of up to 100,000 jobs worldwide to address a 20% cost disadvantage compared to its rivals, according to an internal memo from CEO Oliver Blume. The automaker, which has already finalized 50,000 job cuts across its group, is currently evaluating further adjustments to its manufacturing network to improve efficiency … Read more
The AFC/M23 rebel group in eastern Congo used a small Ebola outbreak to demonstrate its administrative capacity, operating a health response separate from the government in Kinshasa. According to Reuters, the group declared the outbreak over in its territory after monitoring 400 contacts, while the rest of the country continued to see transmission. AFC/M23 Health … Read more
At least 12 people died and 23 remain missing following a rapidly spreading wildfire in the mountainous regions near Los Gallardos, Spain. According to regional disaster chief Antonio Sanz, the fatalities occurred when residents attempted to flee rural villages by car, despite explicit instructions from local authorities to shelter in place to avoid the shifting, … Read more
SK Hynix shares jumped 14% during their Nasdaq debut on July 10, following a $26.5 billion share sale. The South Korean chipmaker opened at $170 per American Depositary Receipt (ADR), significantly above the $149 offering price. This move provides the company with direct access to U.S. capital markets and funds for future factory construction, signaling … Read more
SK Hynix completed a U.S. trading debut on Friday, pricing its American Depositary Receipts (ADRs) at $149 each following a $26.5 billion share sale. This listing, which was oversubscribed more than seven times, provides the South Korean memory chipmaker direct access to U.S. investors and capital to fund new factory construction, according to reports confirmed … Read more
SoftBank Corp and mobile payments operator PayPay are in preliminary talks to invest several hundred billion yen into retail giant Seven & i Holdings, according to a report by Bloomberg News. The potential deal may also include a stake from Sumitomo Mitsui Card, a subsidiary of Sumitomo Mitsui Financial Group, though none of the involved … Read more
Mourners marched through the holy city of Najaf, Iraq, on Wednesday to follow the coffin of late Iranian leader Ayatollah Ali Khamenei. The event is part of a six-day funeral procession that began in Iran and crossed the border after Khamenei was killed on February 28 in U.S. and Israeli airstrikes, according to reports from … Read more
Major U.S. technology companies are increasing their presence at the Calgary Stampede as the province of Alberta actively courts hyperscale data center investments. Alphabet’s Google, Meta, and Amazon have engaged in meetings and events at the annual energy gathering, signaling a shift in the province’s industrial focus toward digital infrastructure, according to industry sources. Why … Read more
Philippine Vice President Sara Duterte appeared at the Senate on Tuesday as her impeachment trial entered its second day, facing allegations that she threatened the lives of President Ferdinand Marcos Jr., the first lady, and a former House Speaker. The proceedings, which could influence the 2028 presidential race, center on whether the Vice President’s public … Read more
NATO leaders have unveiled arms deals worth tens of billions of dollars in Turkey, according to official reports from the alliance’s summit in Ankara. While the move signals a commitment to increased European military spending, President Donald Trump continues to express dissatisfaction with NATO allies, citing insufficient support during the U.S. war on Iran and … Read more