Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall

Europe's Von der Leyen Wants To Put Private Bank Deposits Under State Direction Submitted by Thomas Kolbe How will we deal with private property in Europe in the future? A highly complex debate follows from this question, one that European Commission President Ursula von der Leyen interpreted in her own very particular way on Friday. In a speech to French business leaders at the MEDEF’s La Rencontre des Entrepreneurs de France in Paris, the former defense minister talked about using EU citizens’ bank deposits to get the ailing eurozone, the European economy,...

Iran Issues 4-Stage Proposal For Deal With US, After Most Intense Overnight Clashes Since April Summary State media issues four-stage proposal for deal with US, says indirect talks are 'ongoing'. GCC blasts 'cowardly attacks' after Kuwait International Airport rocked by Iranian missiles: one dead, 63 injured. Overnight saw US-Iran exchange fire in Strait of Hormuz - as US attacked Qeshm Island - and Iran unleashed more projectiles on Gulf states. Most intense fighting since April. IRGC via state media: Tehran has frozen all back-channel communication with Washington over Israeli operations in Lebanon, calls Trump narrative...

SAP Slows Hiring, Freezes Travel As AI Push Accelerates Not even a day after reports swirled that Microsoft was preparing to cut thousands of employees, and as the broader tech sector continues to hemorrhage white-collar workers replaced by chatbots, the latest AI-related job-displacement news is coming from Europe's largest software company. Bloomberg reports that German enterprise software giant SAP, best known for software that supports large corporations running core business operations, is preparing to slow hiring and cut travel costs as it diverts more capital toward developing AI tools. More color...