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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 4th of July, covering the latest developments you need to know....
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agr...
Hamas is seeking firm assurances that a new U.S.-backed ceasefire proposal will ultimately bring the Gaza conflict to an end, a source close to the gr...
Russia launched an overnight drone assault on Kyiv, injuring at least 14 people and causing fires and damage across the capital, Ukrainian officials s...
U.S. President Donald Trump said that his phone call earlier in the day with Russian President Vladimir Putin yielded no progress in ending the war in...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 4th of July, covering the latest developments you need to know.
Hamas is seeking firm assurances that a new U.S.-backed ceasefire proposal will ultimately bring the Gaza conflict to an end, a source close to the group said on Thursday, as Israeli airstrikes continued across the territory, killing at least 59 people, according to local health officials.
Russia launched an overnight drone assault on Kyiv, injuring at least 14 people and causing fires and damage across the capital, Ukrainian officials said early Friday. Twelve of the injured were taken to hospital, according to Mayor Vitali Klitschko.
U.S. President Donald Trump said that his phone call earlier in the day with Russian President Vladimir Putin yielded no progress in ending the war in Ukraine.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend.
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
Fast fashion retailer Shein has been fined €40 million ($47.17 million) by France’s antitrust watchdog for allegedly having misleading discounts and unclear environmental claims, despite the company’s claim that the issues were fixed a year ago.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
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