Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
‘The cult of Elon’: SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
EU Commission opens antitrust probe into Sanofi’s flu vaccine campaign
The European Commission launched an investigation into whether drugmaker Sanofi breached competition rules in a flu vaccine marketing campaign.
Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
Red Lobster’s Ultimate Endless Shrimp promotion is described as a ‘car crash’ for the company, lawsuit says
“Thai Union doubled down on a campaign to squeeze out every drop of value that it could,” creditors said
Binance says some European clients may be affected after pulling bid for Greek license
All crypto companies have to obtain a license under the bloc’s Markets in Crypto-Assets Regulation by July 1, or risk penalties.
SK Hynix prepares U.S. listing at $166 per share — here’s why HSBC says it could be worth 20% more
HSBC analysts see the South Korean chipmaker’s foray into U.S. markets as the catalyst to narrow the valuation gap with rival Micron Technology.
CNBC Daily Open: One session, two major sell-offs
Friday’s session looks set to be dominated by two major sell-offs — the tech rout deepening and oil prices diving further into the red.
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA’s fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
