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Porsche To Cut Over A Third Of German Jobs As Auto Crisis Deepens
Porsche To Cut Over A Third Of German Jobs As Auto Crisis Deepens
Via Remix News,
Porsche is preparing to cut more than one in three jobs in Germany under a cost-cutting measure intended to protect its remaining workforce and existing production sites until 2035.
The Stuttgart-based sports car manufacturer will eliminate a further 5,000 positions at its main Zuffenhausen plant and Weissach development center. Combined with reductions already announced, around 8,900 employees are expected to leave the company.
The cuts are due to be carried out without compulsory redundancies, primarily through natural...
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Apr 24, 2026 / Tyler Durden
UAE To Move 50% Of Government Services To AI By 2028
UAE To Move 50% Of Government Services To AI By 2028
Finally a practical use of AI.
In a world swimming in debt and overrun by government bloat and corruption, Dubai is taking a big step into the future. On Thursday, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President of the UAE and Ruler of Dubai, announced that in two years, 50% of UAE's government sectors, services, and operations will run on Agentic AI, arguably the best use of the new technology yet.
The new "government model" was launched under the directive of...
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May 14, 2026 / Tyler Durden
Europe's Dependence On US LNG Set To Surge
Europe's Dependence On US LNG Set To Surge
By Irina Slav of OilPrice.com
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned.
In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U.S. liquefied gas, creating a potentially risky dependence on a single supplier.
LNG imports from the United States into the EU accounted for 58% of overall LNG...
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Jul 12, 2026 / Tyler Durden
Trump Admin Subpoenas New York Times Reporters Over Coverage Of New Air Force One
Trump Admin Subpoenas New York Times Reporters Over Coverage Of New Air Force One
The Justice Department issued grand jury subpoenas on Friday to four New York Times reporters, ordering them to testify in Manhattan on Wednesday about stories describing security gaps in the new Air Force One. Federal agents showed up at some of the reporters' homes to deliver the subpoenas in person, a detail that has The Times claiming amounts to government intimidation.
The four subpoenaed journalists are Julian E. Barnes, Eric Lipton, Tyler Pager, and Eric Schmitt. Jay...
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