live U.S. to apply measures 'never seen before' on Iran, Trump official says
The U.S. will impose "never seen before" measures on Iran in order to economically isolate the country, Washington's Treasury Secreta...
Volkswagen workers in Germany will stage warning strikes over layoffs, wage cuts, and plant closures as talks with labour union IG Metall fail to reach a resolution.
Volkswagen workers across Germany will begin warning strikes on Monday, marking the first large-scale walkouts at the automaker's domestic plants since 2018, labour union IG Metall announced.
The strikes escalate a dispute over proposed mass layoffs, wage cuts, and potential plant closures, measures Volkswagen deems necessary in response to Chinese competition and weakening demand.
Following failed negotiations, IG Metall authorised limited strikes starting early December. "If required, this could become Volkswagen's toughest collective bargaining battle," said IG Metall negotiator Thorsten Groeger.
The union criticised Volkswagen's demands, including a 10% wage cut, and rejected plant closure threats, arguing for alternatives to save costs.
Volkswagen stated its commitment to dialogue, respecting employees' right to strike while taking steps to minimise disruptions. Talks are scheduled to resume on 9 December, with unions demanding a sustainable agreement to secure the future of all German plants.
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment