Business & Economy3 stories from 1 sources
Volkswagen has announced plans to cut 50,000 jobs in Germany by 2030 as its profits have dropped to their lowest point since 2016. At the same time, the cost of goods will increase for consumers as shipping companies pass on higher expenses due to the conflict in Iran, according to the CEO of Maersk. Additionally, the G7 nations are set to support a potential record release of oil from reserves, coordinated with the International Energy Agency, in an effort to combat soaring oil prices exacerbated by regional conflict.