Business

Luxury car maker Porsche has announced plans to cut almost 2,000 jobs over the next five years. German sportscar manufacturer Porsche on Thursday said it was planning to cut some 1,900 jobs at

Germany’s Commerzbank is upping the ante in exploring defense strategies to maintain a stand-alone strategy in the face of a potential takeover by Italy’s UniCredit. Germany’s Commerzbank is reportedly preparing staff cuts in

Several countries, including Germany, have received their lowest score yet on the global watchdog’s “Corruption Perceptions Index.” Corruption is threatening global efforts to tackle climate change, the graft monitor Transparency International warned in a report

Observers have linked Tesla’s troubles with CEO Elon Musk’s support for the German far right and US President Donald Trump. Tesla sales plummeted in Germany in January, according to official data, after billionaire Elon Musk threw

Central banks around the world cut interest rates last year, with India maintaining higher rates due to lingering inflation. New Delhi now aims to boost urban consumption, which had been a motor

Germany’s Thyssenkrupp will build six submarines for the Indian Navy along with its Indian partner. However, the deal is not necessarily a sign that New Delhi will end its defense sector dependence

The number of unemployed people in Germany has risen to its highest in a decade. The rise comes as the weakness of Europe’s largest economy took its toll on the labor market.

US President Donald Trump has vowed to “take back” control of the Panama Canal. Could Washington’s tough talk create an opening for Beijing? Washington’s new top diplomat, Marco Rubio, will travel to Panama this

Berlin brought down its 2025 economic growth forecast from 1.1% to 0.3%. A government report cited the collapse of the government as the main reason. The German government announced on Wednesday an economic growth

The founder of fallen Austrian property group Signa, Rene Benko has been arrested on suspicion of fraud, prosecutors say. Austrian prosecutors on Thursday said Rene Benko, who founded the property group Sigma,