Martin Winterkorn, the ex-CEO of Volkswagen, was present in a Brunswick court on Tuesday to face allegations of fraud and market manipulation linked to the scandal involving the company's use of software to cheat emissions tests and release harmful pollutants from millions of cars. The prosecution...

The European Union is gearing up to implement a new travel authorization system by summer 2025, introducing a €7 (£6) visa waiver for citizens from certain non-EU countries, including the UK. This initiative, known as the European Travel Information and Authorisation System (Etias), aims to enhance...

According to Bloomberg, which cites sources, British financial giant HSBC Holdings Plc is restructuring its investment banking segment in part. The sources state that this division's management has chosen to combine many industry teams of analysts. They anticipate being able to work more...

According to the Financial Times, more than 6,500 workers at Samsung Electronics, based in South Korea, began a three-day strike on Monday. This is the second setback in as many months for Samsung. The first one happened on June 7th, when salary rises were a contentious topic. The employees of the...

The Financial Times writes, citing reliable sources, that Bernard Arnault, one of the richest men in the world and the creator of the luxury goods company LVMH, has purchased shares in the competitor Compagnie Financiere Richemont SA. The sources argued that Arnault made a personal investment and...

Based on internal business statistics, CNBC has determined that US electric vehicle manufacturer Tesla has reduced at least 14% of its personnel this year. As of June 17, there were just over 121,000 members of Tesla's "all-employee" email list, including temporary employees. As per the official...

A U.S. appeals court was requested by the U.S. Justice Department and TikTok on Friday to expedite the review of the legal objections to a recently enacted statute that requires China-based ByteDance to sell up its U.S. assets or risk suspension. The deadline for doing so is January 19.   In...

Following Tim Cook's resignation, Bloomberg reported that 49-year-old John Ternus, who oversees the company's hardware development division, is expected to take over as CEO of Apple. According to Bloomberg, which cites people familiar with the company's internal operations, 49-year-old John Ternus,...

Bloomberg reports that Goldman Sachs, a U.S. investment bank, has mandated that its staff get special authorization from the management before they can travel to Paris for the Olympic Games, which are scheduled to take place from July 24 to August 14. The organization notes that a lot of companies...