Category: Business News

Thousands of Volkswagen workers were due to go on strike on Monday in an escalating industrial dispute at the crisis-hit German car giant with thousands of jobs at stake. VW has been hit hard by high manufacturing costs at home, a faltering transition to electric vehicles and fierce competition in the key market of China….

Typical Americans have a hard time feeling inflation, even if it appears to be mostly under control on paper. It also came to the real estate market, just in form shrinking inflation. Houses are getting smaller—and more expensive. In fact, they are reaching levels not seen since 2009 and 2010, after the Great Recession. According…

Oscar-winning screenwriter Marshall Brickman, whose wide-ranging career has spanned some of the Woody Allen best movies, broadway musical “Jersey Boys” and a few of Johnny Carson’s favorite sketches, has died. He was 85 years old. Brickman died Friday in Manhattan, his daughter Sophie Brickman he told The New York Times. The cause of death was…

Nidal al-Mughrabi CAIRO (Reuters) – Israeli forces bombed houses during overnight attacks in the northern Gaza Strip, killing at least 15 people in one of the buildings in the town of Beit Lahiya, Palestinian medics said on Monday. Several others were wounded in the attack and others are missing after a house sheltering displaced people…

President Joe Biden has long vowed not to pardon his son Hunter, who was scheduled to be sentenced this month on gun and tax charges. But on Sunday, the president did it anyway. Comprehensive forgiveness does not cover only Hunter Biden’s convictions in two cases in Delaware and California, but also any other “offenses against…

If he had continued to work on fuel-powered cargo ships, Yann Jourdan reckons he would be earning perhaps four times what he is now earning as the captain of the sailing yacht he uses instead. clean wind energy for transporting goods across the Atlantic. But the hit to Jourdan’s salary brings him peace. When his…

(Reuters) – A host of auto companies have recently announced factory closures and large layoffs in Europe as they grapple with weak demand, high production costs, competition from Chinese rivals and a slower-than-expected transition to electric vehicles. Below are some of the companies that have flagged layoffs and plant closings announced in recent months: *…

By Karen Freifeld and David Shepardson (Reuters) – The U.S. will launch its third action in three years against China’s semiconductor industry on Monday, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves, two people familiar with the matter said. Efforts to curb Beijing’s chipmaking ambitions will also hit…

MADRID (Reuters) – Spain’s manufacturing sector grew more slowly in November, hampered by severe flooding in the east coast region of Valencia, a survey showed on Monday, although confidence in future growth remained strong. HCOB Spain’s manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to 53.1 in November from 54.5 in October, marking…

France’s borrowing costs have surpassed Greece’s as investors worry about the French government’s ability to pass a deficit-cutting budget – and its ability to survive at all. The far-right National Assembly, led by Marine Le Pen, has threatened to support a vote of no confidence in the government as early as next week if its…