Japanese car manufacturer Nissan says it is cutting 9,000 jobs worldwide. The company wants to save money after a period in which profits have fallen due to rising costs. Due to the reorganization, Nissan’s workforce will shrink by approximately 7 percent. The company is also reducing its global production capacity […]
Car manufacturer Mercedes-Benz conceals the true extent of the cheating diesel scandal. That is the opinion of the Diesel Emissions Justice Foundation (SDEJ), which will face the German automaker in court on Wednesday. The claims foundation believes Mercedes “is not playing an open card”. “Since the start of the diesel […]
IBM subsidiary and open source specialist Red Hat is going to lay off just under four percent of its twenty thousand employees. Red Hat says fewer than 800 people are involved, mainly in general and administrative roles. The company emphasizes that there are no layoffs in sales or people who […]
To regain advertisers’ trust, Twitter must decouple its corporate image from owner Elon Musk’s “personal brand.” That says principal analyst Jasmine Engberg of market researcher Insider Intelligence, who forecasts ad revenue for this year. Insider Intelligence expects that revenue to fall by more than a third. Although, in October, the […]
The acquisition of the discredited Swiss bank Credit Suisse by compatriot and industry peer UBS is a strong signal to people who believe that the financial markets are not yet in crisis, says analyst Hebe Chen of IG Markets. She writes that the fall of Credit Suisse exposed “the rotten […]
The German airline Lufthansa will introduce a new luxury product on long-haul flights in 2024: a fully lockable suite for two people, with the option of unfolding a double bed. However, the sister company Brussels Airlines has no plans in that direction. Lufthansa presented its new long-haul product ‘Allegris’ on […]
Negotiations within the Organization for Economic Co-operation and Development (OECD) about a digital tax – a tax on internet giants such as Google, Meta and Amazon – have stalled due to opposition from the United States, among others. That is what the French Minister of the Economy, Bruno Le Maire, […]
Elon Musk, the owner of Twitter, says late 2023 will be “good timing” to find a new CEO for the company. Musk indicates that Twitter’s organization needs to be more stable and financially sound, with a clear product roadmap. According to Reuters, he said that in response to a question […]
The European Commission is less pessimistic about the economic outlook in the EU this year than in the autumn. She expects an average growth of 0.9 percent for the eurozone. However, in November, it still averaged 0.3 percent and feared a recession in the months around the turn of the […]
Small British companies may have received 640 million pounds in corona loans when they were not entitled to them. This was reported by the British state-owned bank British Business Bank. These companies received a loan through the Bounce Back Loan Scheme, which compensated small British companies for loss of income […]
