Volkswagen overhaul: CEO Oliver Blume may face union test again
The proposed closures at Hanover, Zwickau, and Emden, along with Audi’s Neckarsulm site, would put over 45,000 jobs at risk, on top of 50,000 cuts announced in 2024...
Category : Featured
Ares, Apollo, Morgan Stanley curb withdrawals again, rattling private credit
Investors sought to pull 14.4% of shares from the USD 22.6 billion Ares Strategic Income Fund (ASIF) in the Q2, up from 11.6% in Q1...
New co-presidents reignite JPMorgan succession rumours
Petno and Rohrbaugh, who have jointly run the bank’s Commercial & Investment Bank (CIB) since early 2024, will now each lead a division outright...
AI, semiconductors and defence: Japan eyes supercharged economy by 2041
The plan, detailed in documents released after a policy advisory panel meeting, earmarks 101.6 trillion yen for AI and chip-related spending alone...
Ferrari names former BMW Italy head as new marketing chief amid Luce EV controversy
Enrico Galliera will be succeeded, from July 1, by Massimiliano Di Silvestre, former president and chief executive of BMW Group Italy...
EasyJet rejects Castlelake’s takeover attempt, demands ‘more attractive proposal’
While rejecting Castlelake's fourth bid, easyJet's board unanimously accused the American firm of attempting to undervalue the airline...
Strong UBS capital rules required for Switzerland’s financial stability, says minister
Karin Keller-Sutter's remarks come amid an ongoing standoff between the Swiss government and UBS over capital requirements...
Kuwait’s Q1 2026 trade exchange falls to 7.2 billion dinars, says government data
Total exports dropped by 20.5% to 4.502 billion dinars from 5.66 billion dinars in the Q1 2025. Imports declined as well, falling 12.3% to 2.734 billion dinars...
Capital.com enters South Africa as brokers eye expansion in Africa’s next trading hub
The FSCA approvals have now authorised Capital.com South Africa to act as both an 'Over-the-Counter Derivatives Provider' and a 'Category 1 Financial Services Provider'...
With parliamentary nod, digital euro inches closer to reality
The digital euro, as an electronic wallet guaranteed by the ECB but marketed by banks, will allow eurozone residents to make payments both online and in person...