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By Victoria Waldersee and Christina Amann BERLIN (Reuters) – For all its talk of radical change, Volkswagen (ETR:)’s cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details disclosed by company sources. That has left some investors and analysts questioning whether…
MOSCOW (Reuters) -Russian gas supplies to Europe via Ukraine are set to end on New Year’s Day, bringing down the curtain on Moscow’s long period of dominance of supply in the European gas market. Russia’s oldest gas export route to Europe – a pipeline dating back to Soviet days -…
(Reuters) – The U.S. solar industry unveiled its lobbying strategy for the incoming Trump administration on Thursday, promoting itself as a domestic jobs engine that can help meet soaring power demand, without referencing its role in combating climate change. The policy agenda marks a stark shift in tone for the…
Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world’s largest ad-agency company.Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI.A bigger company could have more leverage to make deals, but job cuts seem inevitable.For ad industry insiders, the…
Would you trust your friends to curate your dating-app matches?Several new “matchmaking” dating apps have launched in the past year, addressing dating-app fatigue.Startups like Sitch and Cheers are using AI and social connections to match users.Matching and matches are everyday phrases in the online dating app lexicon. But matchmaking? Less…
Regulators and politicians expect Donald Trump’s second term to have a major impact on global trade.During his first term, Trump imposed tariffs on key industries in both Europe and China.Europe could be hit harder this time if Trump renews his protectionist policies, analysts told BI. The world has woken up…
Luxury sales in Japan surged due to a weakened yen and increased tourist spending.The luxury industry faced a decline in China, making Japan’s market growth crucial.Brands like Hermès are thriving there by aligning with Japanese values of subtlety and quality. If you were looking to shop luxury in Japan this…
Mark Zuckerberg might start selling Classics-inspired shirts on Instagram.Zuckerberg’s style, sometimes influenced by Roman history, has gained attention since 2023.He’s changing up the basic style he was once known for, reflecting Meta’s fashion tech ventures. Mark Zuckerberg said he’s thinking about selling his own graphic tees.Since 2023, the Meta CEO’s…
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based SAS restructured debt of more than $2 billion, adjusted its fleet and…
Fans of influencers are growing tired.They’re losing patience with the cycle of new creators taking the internet by storm, only to come crashing down when their controversial pasts resurface.Periods of accountability are nothing new on the internet. An era of cancel culture in the late 2010s saw creators rise and…
