Browsing: Business

Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.

U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower.

UNCTAD’s 2024 report warns Africa remains highly vulnerable to global shocks, urging stronger regional trade and policy reforms to unlock AfCFTA’s $3.4 trillion potential.

Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries.

The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official details.

Backed by €578 million investment, Austria’s Industrial Hydrogen Valley will enhance green hydrogen output, cutting emissions and advancing industrial decarbonization.

Russia says its natural gas reserves, totaling 63.5 trillion cubic meters, will last over 100 years, reinforcing its global energy position despite shifting geopolitical dynamics.

Tesla’s sales in Germany saw a sharp decline of nearly 60% in January, according to data from the Federal Motor Transport Authority (KBA). The drop follows CEO Elon Musk’s public support for the far-right Alternative for Germany (AfD) party, a move that has sparked political controversy. Tesla registered only 1,277 new vehicles in January, marking a 59.5% decrease compared to the same month in 2024. This significant loss has pushed Tesla down to third place in Germany’s electric vehicle (EV) market, with its market share now below 10%. The downturn comes despite an overall rise in battery-powered vehicle registrations, which increased by 53.5% across all…

Amazon is set to invest $100 billion in AI for 2025, surpassing last year’s $83 billion spend, as CEO Andy Jassy calls it a “once-in-a-lifetime” business opportunity.

France revises its 2026 public deficit estimate, exceeding earlier forecasts but staying under 5%. The adjustment comes amid efforts to stabilize finances and meet EU fiscal targets.