Kina

German carmakers face profit slump as Europe feels the strain

European carmakers have delivered a string of disappointments amid a flood of reports. Profits are shrinking and sales forecasts are being cut. Tens of thousands of employees are being laid off. The question is whether Italian luxury brand Ferrari can show the way forward for Europe’s car industry.

Putin's Worst Nightmare Brovdi Says His Forces Kill One in Three Russian Soldiers

When the war began in full force in 2022, Robert “Madjar” Brovdi was a grain exporter with no military experience. Now, by his own admission, his forces are inflicting more Russian losses than anyone else. One in three is killed by my forces.

Adidas shares fall after World Cup marketing costs rise, despite sales boost

BMW to cut around 8,000 jobs as it faces pressure from Chinese rivals, report says

German carmaker BMW is to cut around 8,000 jobs. The company is now offering severance pay as it faces competition from Chinese manufacturers.

Asian demand boosts French cognac maker Rémy Cointreau, but China remains weak

Increased demand in the Asian market is giving French cognac company Remy Cointreau a boost.

US air defense missile stocks are running low, reports say

The war in Iran has led to the U.S. stockpile of air defense missiles shrinking too quickly, U.S. media report. This could weaken the U.S. position in a potential conflict with China, analysts warn.

Asian stock markets mostly fall as South Korea’s Kospi plunges 7%

Leading stock exchanges in Asia are falling in early trading on Wednesday.

China landslide death toll rises to 41, with more victims feared

Chinese authorities have identified another 30 people who died in the large landslide that occurred in Chongqing in southwestern China less than two weeks ago.