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Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts
Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts
Europe's industrial demise has become impossible to ignore. The continent's automotive manufacturing base is being hollowed out by high energy costs, regulatory pressure, and a flood of cheap Chinese electric vehicles, with Germany, once Europe's industrial powerhouse, emerging as the epicenter of this terrible decline.
Germany's largest manufacturer by revenue is Volkswagen Group, whose CEO, Oliver Blume, is warning employees that the coming weeks will be critical as Europe's largest automaker prepares to detail the most extensive restructuring...
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Sep 23, 2026 / Kyle Anzalone
Rubio Says Putin Invited to G20 Summit in US
Secretary of State Marco Rubio said the US has invited Russian President Vladimir Putin to attend the Group of 20 (G20) summit in Miami later this year. Rubio made the announcement after meeting with Russian Foreign Minister Sergei Lavrov. Ukrainian President Volodymyr Zelensky has previously said he would be willing to meet Putin at the […]
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Apr 22, 2026 / Tyler Durden
China Loads Up On US Chip Tools Via Southeast Asia Amid Supply Chain Shift
China Loads Up On US Chip Tools Via Southeast Asia Amid Supply Chain Shift
China's imports of chipmaking equipment from Malaysia and Singapore rose sharply in 2025 to surpass those from the US, which sank to an eight-year low, an analysis by Nikkei Asia has found - even as American companies remain a vital source of advanced tools for the country.
While the Netherlands and Japan remain China's primary foreign sources of critical semiconductor manufacturing machines by shipment origin, imports from the two Southeast Asian countries reached record levels: $5.7 billion...
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Aug 31, 2026 / Tyler Durden
PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave
PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave
Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for.
PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%.
The development sparked a wave of Wall Street downgrades tracked by Bloomberg. Mizuho Securities downgraded PG&E, Edison, and Sempra to neutral from outperform, citing the...
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