Germany's Bosch is cutting 5,000 jobs due to the car industry crisis. Other German manufacturers like ZF, Continental, and Webasto have also announced layoffs. The European Union has increased tariffs on Chinese-imported electric vehicles, further exacerbating the crisis. Industry-Wide Crisis The crisis in...

Hundreds of Samsung workers in India are protesting, demanding a 50% salary increase over three years and improved working conditions. The strike has led to major disruptions in production at the company's Chennai plant, with Labour Welfare Minister CV Ganesan assuring...

The demand for datacentre space has been turbocharged by the rise of artificial intelligence, but a worker shortage is hampering the industry's boom. Companies like Datalec are struggling to recruit staff due to the specific needs of the datacentre market. Industry Quotes: "There's...

Volkswagen (VW) has launched a $5.8 billion tie-up with electric vehicle maker Rivian to share technology and reduce development costs. The partnership will enable VW to use Rivian's tech in its own vehicles, starting from 2027, while providing crucial funding for...

Amazon launches Haul, a new outlet offering 'crazy low' prices, rivaling Temu and Shein. The service provides confidence about product safety through Amazon's product guarantees but raises regulatory concerns. Amazon's Response to Regulatory Concerns Amazon's vice president of worldwide selling partner services, Dharmesh...

23andMe, a leading DNA-testing firm, is facing significant challenges as it restructures its business and focuses on long-term success. The company has seen its share price plummet by over 70% this year due to a series of setbacks, including a data...

The European Commission fined Meta €798m for breaking competition rules, specifically for giving its Facebook Marketplace service an unfair advantage over others. This is not the first time Meta has faced a fine from the EU. Background This is not the first time...

PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit due to an economic slowdown in China. The company's revenue fell short of analyst forecasts for the second consecutive quarter, amid intensified competition...

Australian cultivated meat firm Vow has launched lab-grown foie gras, a luxury product made from quail cells brewed in a bioreactor. This innovative approach offers a controversial future for the cultivated meat industry. Introduction Australian cultivated meat firm Vow has launched lab-grown foie...