Warren Buffett on Corporate Taxation: A Reality Check​

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins. "Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the...

Ukraine Hits Key Russian Space Facility With Flamingo Cruise Missiles Ukraine's long-range drone attacks have frequently targeted military bases and oil refinery and energy sites of late, and more recently warehouses of major Russian online retailer Wildberries - but on Saturday a new target has been added: space facilities. Ukrainian forces have touted that they've struck the Progress Rocket and Space Center in Russia's Samara region. The facility focuses on the manufacturing and operation of space launch vehicles. Illustrative: Baikonur Cosmodrome, Space.com/NASA Ukrainian President Volodymyr Zelensky said on X that Ukraine hit the space manufacturing...

Iran fired missiles at Israel in response to the IDF bombing Beirut. “The Islamic Republic of Iran has repeatedly stated that it will not tolerate violations of the ceasefire and aggression against Lebanon. Tonight, the aggressors received their response,” Mohsen Rezaee, the military adviser to Iran’s supreme leader, wrote on X. “This response is a warning […]