Volkswagen approved a transformation plan Thursday that will cut another 50,000 jobs and halve its model portfolio by 2035. The Supervisory Board of the Volkswagen Group unanimously approved the Executive Board...
Chevron Corporation announced a major expansion deal on Wednesday, committing to invest 7 billion dollars over the next five years to more than double its crude oil production in Venezuela.
The agreement...
Viet Nam’s exports of mobile phones and components reached 42.16 billion US dollars by August 15, up more than 18 percent from a year earlier.
Growth is increasingly coming from Asian markets. In...
Opel is restructuring its historic Rüsselsheim plant amid falling sales and growing Chinese EV competition.
The next-generation Opel Astra will be built there as part of a €1 billion German investment...
Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told on Wednesday. About 40,000 of BMW's roughly 85,000...
Shares of Chinese memory chipmaker ChangXin Memory Technologies (CXMT) jumped as much as 470% in their Shanghai Stock Exchange debut on Monday, briefly surpassing ICBC as mainland China’s most valuable...
The Japanese yen traded at the 162 level against the dollar in Tokyo on Tuesday, the weakest in almost 40 years. The currency is being sold on the view the interest-rate gap between Japan and the US is unlikely to...
More central banks than ever before plan to boost their gold holdings over the next 12 months, the World Gold Council said Tuesday. The council released its Central Bank Gold Reserves Survey 2026 on Tuesday, which...
Microsoft Corp plans to invest $1 billion in Thailand over the next two years to build cloud and artificial intelligence infrastructure, executives said on Tuesday, as the Southeast Asian nation seeks to become a...
In the first month of 2026 alone, Viet Nam’s coffee sector generated nearly 1.09 billion US dollars in export revenue which is an almost 40% increase on year. The European Union remains the largest...
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