
Volkswagen Board Backs Sweeping 2030 Restructuring With 50,000 Job Cuts
Volkswagen approved a historic restructuring plan with about 50,000 job cuts, factory uncertainty and a major push to simplify models and improve returns.

Volkswagen approved a historic restructuring plan with about 50,000 job cuts, factory uncertainty and a major push to simplify models and improve returns.

Foreign investment in Germany rose to 86 billion euros in 2025, but a sharp drop in U.S. capital and a surge from the UK reshaped the market.

President Trump seeks a November summit with North Korea’s Kim Jong Un at APEC to restart nuclear talks amid escalating nuclear capabilities.

The Trump administration has imposed tariffs up to 100% on imported drones and components to reduce reliance on foreign technology critical to national security.

More than 40 countries, including the US, urge mandatory 24-hour notifications before ballistic missile tests to reduce risks and foster global security trust.
Montenegro plans to end visa-free entry for Russian and Belarusian citizens by October 31, 2026, aligning with EU accession requirements and impacting business travel and corporate strategy.

Donald Trump proposes the US host the next FIFA World Cup alone, potentially with China, signaling a strategic shift from the 2026 tournament’s shared North American hosting.

Russia proposes legislation to allow convicts of serious crimes to join military service contracts, reflecting efforts to boost troop numbers amid ongoing conflict.

Former President Trump alleges China accessed data of 220 million US voters to influence the 2020 elections and calls for investigations into intelligence cover-ups.

Russia’s Defense Ministry proposes to end mandatory medical exams for contract and mobilized troops, reflecting recruitment struggles amid the Ukraine conflict.

The EU has cut its duty-free steel import quota by 47%, imposing a 50% tariff on excess imports to protect domestic producers amid global overcapacity concerns.

The UN faces insolvency as US and China delay payments covering 42% of its budget, prompting major cost cuts and operational changes.

Senior Russian officials warned President Putin about the economic harm from intensified internet restrictions starting in 2025, but their concerns were overruled amid reliance on security agencies.

EU Foreign Affairs Chief Kaja Kallas warns that Russia, China, and the US pursue strategies to divide and weaken the European Union, urging member states to maintain unity.

Donald Trump reveals challenging talks with Xi Jinping over Jimmy Lai, Hong Kong media mogul sentenced to 20 years for supporting pro-democracy protests.

Donald Trump reveals China’s renewed interest in buying U.S. oil and soybeans, hinting at shifting trade dynamics and potential influence on Iran amid recent talks with Xi Jinping.

US President Donald Trump and Chinese President Xi Jinping held a ceremonial meeting in Beijing to discuss Iran, Taiwan, and trade relations, signaling efforts to strengthen bilateral ties.

Uzbekistan’s suspension of gold exports since September 2025 has led to a nearly 30% drop in exports, reshaping trade dynamics and impacting corporate strategies.

Tencent and Kaspi.kz’s leadership acquired about 6 million ADS shares, strengthening the fintech’s shareholder base and signaling confidence in growth strategy.

Lithuania and Latvia have once again denied Slovak PM Robert Fico overflight rights en route to Moscow for May 9 celebrations, illustrating EU divisions over Russia engagement.

Germany's Bundeswehr Military Museum in Koblenz restricts entry for Uzbek and several Central Asian nationals, citing new security legislation affecting access to military exhibits.

Russia's Deputy Foreign Minister says the UN proposal to monitor the Strait of Hormuz lacks support from key parties and its future is uncertain.