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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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May 12, 2026 / Tyler Durden
CIA Document Sparks Wild Theories Of Ancient Knowledge Hidden Under Egypt's Sphinx
CIA Document Sparks Wild Theories Of Ancient Knowledge Hidden Under Egypt's Sphinx Authored by Steve Watson via Modernity.news, A declassified CIA document that references a “Temple under Sphinx” in a 76 year old photographic inventory, has reignited interest in a mythical Hall of Records said to lie beneath Egypt’s Great Sphinx. The document in question is a CIA inventory cataloging black-and-white photo negatives from July 1950. Among routine entries such as “Sphinx,” “Tourist at Pyramids,” and “Ruins near Sphinx” appears the line: “Temple under Sphinx; July ’50.” This phrasing has prompted renewed discussion about possible hidden structures...
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Feb 24, 2026 / Tyler Durden
Novo Nordisk Extends Slide After Announcing Price-Cuts For Blockbuster Obesity Drugs
Novo Nordisk Extends Slide After Announcing Price-Cuts For Blockbuster Obesity Drugs Novo Nordisk shares in Copenhagen can't catch a bid. The liquidation is accelerating again after a Bloomberg headline on Tuesday morning: the Danish drugmaker will slash U.S. list prices for Wegovy and Ozempic next year. The move suggests that the new CEO is pursuing market share amid intensifying competition in the GLP-1 space. Jamey Millar, Novo's head of U.S. operations, was quoted by Bloomberg as saying the company set a monthly price of $675 for its family of semaglutide drugs,...
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May 22, 2026 / Tyler Durden
Escobar: The Russia-China Spaceship Rushes Towards Planet Multipolar
Escobar: The Russia-China Spaceship Rushes Towards Planet Multipolar Authored by Pepe Escobar, The New Silk Roads/BRI and its derivations such as the Northern Sea Route/Arctic Silk Road remain alive and kicking SHANGHAI – This is it. The Russia-China strategic partnership, the leaders in the process of Eurasia integration, the leaders of multipolar bodies BRICS and the SCO, have formally endorsed and boosted the drive towards multipolarity and a new system of international relations via a strategic joint declaration signed, sealed and delivered during President Putin’s visit to China this Wednesday. This is one for the History...
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