Volkswagen board approves 50,000 additional job cuts as part of historic overhaul
Volkswagen's board has approved a major restructuring plan involving 50,000 job cuts and halving its vehicle lineup as part of its largest overhaul in company history.
economy
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Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
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Volkswagen to eliminate 100,000 jobs by 2030 in historic industry restructuring
Volkswagen will cut 100,000 jobs (15% of workforce) by decade's end, the largest restructuring in automotive history, while investing billions in technology and potentially closing German plants.
Labor Day travelers brace for $4+ gas prices amid holiday rush
Millions of Americans traveling over Labor Day weekend will encounter gas prices exceeding $4 per gallon, prompting travel experts to offer cost-saving strategies.
Oura Files for Public Listing in Latest Wearable Tech IPO
Oura, the Finnish health wearable company known for its smart rings, has filed to go public. The move marks a significant milestone for the biometric tracking startup.
Volkswagen to cut 100,000 jobs by 2030 in automotive industry's largest restructure
Volkswagen will cut 100,000 jobs by 2030, representing 15% of its workforce, as the German carmaker restructures amid US tariffs and Chinese competition. The company will also halve its product line and potentially close four German plants.
Adobe Promotes Insider Chakravarthy to CEO as Narayen Moves to Executive Chair
Adobe has appointed insider Chakravarthy as CEO while current leader Narayen transitions to executive chair, marking a significant leadership change at the software giant.
Xbox to Impose Monthly Hour Limits on Cloud Gaming Starting November
Microsoft will impose monthly hour limits on Xbox Cloud Gaming starting November as the company manages rising service costs, while introducing a new pay-as-you-go option.
Uber abruptly exits Nigeria, dealing blow to Africa operations
Uber has ceased operations in Nigeria, surprising drivers and riders. The departure reflects operating difficulties and economic pressures including high oil prices, reducing the company's African footprint.
Lululemon slashes revenue forecast again as activewear competition intensifies
Lululemon cuts its annual revenue forecast for the second time in three months, now expecting a 5-7% decline as the activewear maker struggles with inconsistent product launches and intensifying competition.
Lululemon slashes forecasts as new CEO O'Neill faces uphill battle
Lululemon cut its annual revenue and profit forecasts, signaling challenges for incoming CEO Heidi O'Neill as the Vancouver-based apparel maker faces softening demand and competition from newer athleisure brands.
Disney's 'Zombies' Star Carla Jeffery Dies at 33
Carla Jeffery, known for starring in Disney Channel's 'Zombies' films, has died at age 33. The cause of death has not been disclosed in initial reports.
Burlington Stores relocates 2,000-person HQ from New Jersey to Philadelphia
Burlington Stores, a Fortune 500 retailer, is moving its headquarters from New Jersey to Philadelphia's University City with 2,000 employees, supported by a $370M state and local incentive plan.
Private Venus mission delayed as Rocket company awaits Neutron readiness
A private mission to Venus faces delays as developers await readiness of the Neutron rocket. This marks the first privately-funded Venus exploration attempt.
Tim Cook revela ritual das 4h da manhã mantido por 15 anos na Apple
Tim Cook compartilha seu ritual diário de acordar às 4h da manhã, hábito mantido por 15 anos como CEO da Apple, revelando práticas de produtividade e disciplina executiva.
Bathla Group Secures Funding to Meet Payroll as Collapse Looms
Australian property developer Bathla Group has secured emergency funding to meet payroll obligations today as negotiations continue with lenders over short-term survival financing.
Elliott builds stake in Deutsche Telekom, pushes against T-Mobile merger
Activist investor Elliott Investment Management has built a stake in Deutsche Telekom and is pushing the German telecom to abandon a potential merger with T-Mobile US, instead pursuing share buybacks and other value-unlocking strategies.
Bathla ordered to fix critical defects as liquidation looms
Sydney developer Bathla Group, in voluntary administration with $3.3B debt, has been ordered to fix 12 serious defects at a Kembla Grange development within 8 months or face criminal penalties, as administrators race to prevent liquidation.
Sonos Ace Ultra a US$449: Wi-Fi nativo y IA doméstica tras 18 meses de rescate
Sonos presenta los auriculares Ace Ultra a US$449 con conectividad Wi-Fi nativa y el sistema operativo Sonos 27 que integra agentes de IA de terceros, marcando su recuperación tras la crisis de aplicación de 2024.
Uber cuts 10% of global workforce as Australian staff face redundancy
Uber is eliminating 10% of its 34,000-person workforce globally, including Australian employees, while committing $14 billion to autonomous vehicle development.
Chevron expands Venezuela operations under Trump's controversial oil deal
Chevron confirmed expansion in Venezuela with $7B investment over five years following a Trump administration deal that includes Pentagon profit stakes, despite skepticism about legitimacy and infrastructure challenges.
Media Buying's Hidden Waste: Why Agencies Must Reclaim Control From Sellers
Industry leaders argue significant waste pervades media buying practices, with advertisers paying for low-value impressions and poor placement decisions that fail to achieve genuine communication objectives.
Kakao Games to Unveil World of Dokkaebi MMORPG at Sept. 8 Showcase
Kakao Games will stream an online showcase for its upcoming 2.5D MMORPG World of Dokkaebi on September 8, revealing the launch schedule and key content for the Korean fantasy game.
Uber launches UK's first robotaxis with safety drivers in London
Uber has launched 15 autonomous vehicles in London with mandatory human safety drivers, marking the UK's first robotaxi service. The vehicles use AI technology from UK firm Wayve and operate at standard UberX fares.
Victoria Beckham's Fashion Empire Turns Profitable After 18-Year Journey
Victoria Beckham's fashion and beauty business achieved operating profit of £7.3m in 2025 after 18 years of losses, with beauty products now driving two-thirds of revenue.