Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Volkswagen CEO Oliver Blume confirmed that the company is in talks with the U.S. government over potential tariff relief and future investments. While the main contact is reportedly U.S. Secretary of Commerce Howard Lutnick, the matter has also reached President Donald Trump. Blume stated that Volkswagen is eager to expand its investments in the U.S., where it already employs over 20,000 people directly and more than 55,000 indirectly.
Blume stressed that foreign companies investing in the U.S. should be offered favorable terms. Meanwhile, Handelsblatt reports that Mercedes-Benz and BMW are also seeking to negotiate tariff arrangements with the U.S. government.
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At least 652 children have died from malnutrition in Nigeria’s Katsina state in the first six months of 2025, Médecins Sans Frontières (MSF) said on Friday, blaming funding cuts by international donors for worsening conditions.
Gaza ceasefire hopes dimmed as both Israeli Prime Minister Netanyahu and U.S. President Trump declared negotiations with Hamas had failed. Their remarks came during escalating violence and growing hunger in the war-torn enclave.
Foreign ministers of Azerbaijan and Türkiye held a phone conversation on 25 July to discuss their strategic alliance, regional security, and the Azerbaijan-Armenia peace process.
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The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
The IMF has approved a $625 million loan program for Chad to support economic growth and social spending amid regional and economic challenges.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
The Central Bank of Azerbaijan has reduced the refinancing rate from 7.25% to 7%, the interest rate corridor floor from 6.25% to 6%, and the ceiling from 8.25% to 8%.
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