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Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul
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...
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Apr 27, 2026 / Tyler Durden
Bye-Bye Bibi? Israeli Opposition Leaders Join Forces In 'Together' Alliance To Topple Netanyahu
Bye-Bye Bibi? Israeli Opposition Leaders Join Forces In 'Together' Alliance To Topple Netanyahu
Former Israeli prime ministers Naftali Bennett and Yair Lapid unveiled Monday that they are merging their parties into a joint ticket dubbed "Together - Led by Bennett" - as a major challenge to current leader Benjamin Netanyahu in the upcoming elections.
During a press conference Bennett said the alliance with Lapid is the "most Zionist and patriotic act we have ever done, for the sake of our country" - adding that the "era of division is over." Netanyahu...
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Mar 21, 2026 / Tyler Durden
The State Will Always Socialize The Cost Of War
The State Will Always Socialize The Cost Of War
Via The Libertarian Institute
War is often sold to the public as an act of national will: decisive, necessary, and under control. The bill arrives later, in a quieter form. It shows up in insurance markets, shipping rates, emergency guarantees, higher fuel prices, and sudden policy reversals designed to keep the economic damage from spreading too far or too fast. That is what is now happening with the U.S.-Israeli war on Iran. The fighting is not only destroying lives and widening instability....
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Aug 5, 2026 / Tyler Durden
Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt
Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt
For yet another quarter, the Treasury's Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.
In its 8:30am ET report, the US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027 even as federal borrowing needs balloon to stratospheric levels (and will explode once the AI bubble bursts leading to catastrophic consequences for corporate...
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