German politicians vowed Monday to prevent Volkswagen from cutting 100,000 jobs, as Berlin confronts the scale of the country’s industrial woes. The automaker’s reported planned layoffs and factory closures could amount to one of the biggest corporate reductions in history. It shows the “growing desperation” of Germany’s automotive sector, under ...
Day: June 30, 2026
China racks up advantages from Iran energy crisisChina racks up advantages from Iran energy crisis
China is emerging from the Iran war energy crisis with clear economic and geopolitical advantages, a new report argued. China’s oil stockpiles and deep push into renewables helped shield the country from the worst of the disruptions from the Strait of Hormuz’s closure, unlike several Asian economies, which had to ...
Tidal Says It Won’t Pay Royalties for AI-Generated MusicTidal Says It Won’t Pay Royalties for AI-Generated Music
Music streaming service Tidal announced it won’t pay royalties for AI-generated music in an email to users and an announcement on its website published Monday. “Tidal’s priority is ensuring royalties go to original works directly produced, written, and performed by people,” the announcement reads. “We will therefore not knowingly attribute ...
Long-delayed defence spending plan to be published on Tuesday, with focus on drone warfareLong-delayed defence spending plan to be published on Tuesday, with focus on drone warfare
The defence investment plan will set out how billions will be spent on equipping the UK Armed Forces. ...