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Premier of Germany's Lower Saxony walks high wire between VW cuts and AfD

Premier of Germany's Lower Saxony walks high wire between VW cuts and AfD

By Rachel More and Andreas Rinke BERLIN, Sept 11 (Reuters) - Volkswagen's overhaul has put the leader of Lower Saxony in a bind: backing deep job cuts in the carmaker's biggest restructuring in history while trying to fend off the far-right AfD party that is making gains around the country.
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South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts

South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts

South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts
ReutersReuters
Apple shows off AI-focused iPhone 18 Pro at event expected to debut folding phone

Apple shows off AI-focused iPhone 18 Pro at event expected to debut folding phone

By Stephen Nellis and Kenrick Cai CUPERTINO, California, Sept 9 (Reuters) - Apple kicked off its annual product launch event on Wednesday with iPhone 18 Pro handsets focused on AI and photography, with a pricey folding iPhone expected by the end of the presentation.
ReutersReuters
Apple debuts passport-shaped foldable phone, called Duo

Apple debuts passport-shaped foldable phone, called Duo

By Stephen Nellis and Kenrick Cai CUPERTINO, California, Sept 9 (Reuters) - Apple on Wednesday unveiled a foldable phone called Duo, introducing the biggest change in years in the company's flagship product. The Duo is sized and shaped like a passport, with rounded edges.
TheStreetTheStreet
BYD sends blunt message to Tesla with 35.4% of exports

BYD sends blunt message to Tesla with 35.4% of exports

One number from the recent export ranking tells you where the EV war actually moved.
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European Governments Seek Trade Defense Against Surging Chemical and Plastic Imports

European Governments Seek Trade Defense Against Surging Chemical and Plastic Imports

European Governments Seek Trade Defense Against Surging Chemical and Plastic Imports
ReutersReuters
Portugal debt upgrade seals PIIGS passage from pariahs to pin-ups

Portugal debt upgrade seals PIIGS passage from pariahs to pin-ups

By Sara Rossi, Valentina Consiglio and Alessia Pe MILAN, Sept 10 (Reuters) - Fitch's upgrade of Portugal's debt last week, its second in a year, marked the latest promotion among the five euro zone countries labelled the PIIGS during Europe's 2011 debt crisis.
ReutersReuters
German exports unexpectedly fall as trade volatility bites

German exports unexpectedly fall as trade volatility bites

By Maria Martinez Sept 8 (Reuters) - German exports unexpectedly fell in July, as weaker shipments to European Union countries and China underscored the fragility of a trade-led recovery in Europe's largest economy.
ReutersReuters
BYD targets more than 2.5 million vehicle exports in 2027, brokerages say

BYD targets more than 2.5 million vehicle exports in 2027, brokerages say

BEIJING, Sept 8 (Reuters) - Chinese electric vehicle maker BYD expects overseas shipments to exceed 2.5 million vehicles in 2027, two major brokerages said on Tuesday, citing a group meeting with company management. BYD did not immediately respond to a request for comment.
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German Exports Decline in July Despite Strong U.S. Sales Rebound

German Exports Decline in July Despite Strong U.S. Sales Rebound

German Exports Decline in July Despite Strong U.S. Sales Rebound
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The Latest: US destroys 5 Iranian crude oil tankers following attacks on US warship

The Latest: US destroys 5 Iranian crude oil tankers following attacks on US warship

U.S. Central Command says the military has destroyed five Iranian crude oil tankers following attacks on a U.S. warship by Iran’s Revolutionary Guard
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Rafael, Lower Saxony, and Aurelius Partner to Develop Former Volkswagen Site in Germany for Defense Production

Rafael, Lower Saxony, and Aurelius Partner to Develop Former Volkswagen Site in Germany for Defense Production

Israel's Rafael Advanced Defense Systems has partnered with the German state of Lower Saxony and investment fund Aurelius Capital to transform a former Volkswagen site in Osnabrück, Germany, into a center for security and defense solutions. This agreement follows earlier speculation about Rafael's involvement with a Volkswagen plant. Instead of a direct collaboration with Volkswagen, the car manufacturer sold the Osnabrück site to a new partnership formed by Aurelius and Lower Saxony, with Aurelius as the majority partner. This new entity will then allow Rafael to use the location as a hub for producing its defense systems. The initiative aims to secure the site's future and preserve a significant number of jobs, as Volkswagen had planned to cease production there by 2027. Olaf Lies, Minister-President of Lower Saxony, stated that this partnership offers a genuine future perspective for the site, which has a 125-year history of industrial excellence.