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      Volkswagen’s China crunch deepens as Europe’s biggest carmaker weighs 100,000 job cuts

      Volkswagen is suffering from high costs, fierce Asian competition and a prolonged bitter conflict with unions over plant closures.

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By: Kat Denham

All 247164 Articles
  • Why the blockchain community needs ethics

    March 25, 2022

    Crypto AM's Dr Jane Thomason examines why the blockchain community needs to ensure it has ethics in its DNA.

  • Business of Space: Can the relationship with Roscosmos ever be repaired?

    March 25, 2022

    This week: Isotropic Systems on track for first commercial launches Space cooperation between Russia and Europe “destroyed” OneWeb goes on deal-making spree Isotropic Systems Satellite firm Isotropic Systems is on track for its first commercial launches this year, following the final successful round of testing its multi-link satellite tech. The ground terminal provider has developed technology which [...]

  • Putin calls out cancel culture for targeting JK Rowling and now Russia

    March 25, 2022

    Russian President Vladimir Putin has given a meandering speech calling out cancel culture in the West for targeting JK Rowling and Russia.

  • Sanctions bite London listed Petropavlovsk as shares slide 12 per cent

    March 25, 2022

    London listed Petropavlovsk has said it is unable to sell gold or repay a loan because of Gazprombank's inclusion on the UK’s sanctions list.

  • Dubai Sheikh labelled domestic abuser by judge as he loses custody of children

    March 25, 2022

    A British judge has said Dubai’s sole leader inflicted “exorbitant” domestic abuse against his ex-wife, after he launched a campaign of “coercive ad controlling behaviour” against the mother of his children. The Family Court awarded sole custody for the couple’s two children, to the former wife of Dubai Sheikh Mohammed bin Rashid Al Maktoum, as [...]

  • Co-op heralds first female CEO as Steve Murrells steps down

    March 25, 2022

    Co-op Group CEO Steve Murrells is to step down, paving the way for the supermarket’s first female boss. Shirine Khoury-Haq, who currently holds the role of group CFO and CEO of Co-op Life Services, will become interim CEO this spring. Exiting boss Murrells will step down after the supermarket’s AGM in May and said the [...]

  • Bitcoin and Ethereum undeterred by Moscow’s sabre-rattling over crypto payments

    March 25, 2022

    This morning, the price of Bitcoin was holding firm above $44,500 - a move upwards of three per cent over the last 24 hours.

  • Crombie snapped up by private investors for undisclosed sum

    March 25, 2022

    One of the oldest British brands, Crombie has been acquired as its new owners declare the fashion firm “open for business”.  Crombie, known for its iconic Crombie coat and other designs adopted by royals and politicians, was snapped up for an undisclosed sum. Under the name Crombie 1805, the acquiring company is led by managing [...]

  • Tory minister names and shames two more City law firms that worked for Russian oligarchs

    March 25, 2022

    Cabinet minister James Cleverly has named two other law firms that sent legal letters to the Foreign Office seeking to challenge the government’s sanctions regime on behalf of “Russian or Russian-linked” clients. The Conservative MP said City of London law firms W Legal and Peters & Peters both sought to challenge the UK’s sanctions. In [...]

  • Transport secretary vows to force P&O to pay UK minimum wage and ‘U-turn’ on firing decision

    March 25, 2022

    Transport secretary Grant Shapps has said he will force ferry operators to pay UK minimum wage whilst they’re in international waters, after calling for P&O boss Peter Hebblethwaite to resign from his position as head of the Dubai owned firm. The Tory minister said he will close the “loopholes” that let shipping companies pay seafarers [...]

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