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World Bank forecasts global GDP growth of 2.5% in 2026 and 2.8% in 2027. 06/12/2026

Volkswagen to cut 19,000 jobs in Germany by year-end 06/12/2026

Trump Media drops Truth Social spinoff 06/11/2026

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Volkswagen to cut 19,000 jobs in Germany by year-end

Volkswagen AG, the German automotive giant, plans to eliminate 19,000 positions in Germany by the year's end, as stated by CEO Oliver Blume before the annual shareholders' meeting on June 18, as reported on the company's website. Blume believes that significant staff and cost cuts in the nation are...

Elon Musk may receive $158 billion in 2025 payout from Tesla

According to The Times, which cites internal corporate records, Elon Musk may be entitled to receive USD 158 billion in 2025 under the terms of a compensation deal with Tesla. The publication pointed out that the cited figure serves as an early estimate of the annual remuneration Musk might earn...

Apple announces Tim Cook's retirement as CEO, effective September 1, 2026

Apple said that CEO Tim Cook will resign on September 1, 2026, and will take on the role of executive chairman of the board. According to a statement from the company, John Ternus, senior vice president of Hardware Engineering, has been named as his successor. Apple stated that the change received...

Reuters: Meta plans to conduct mass layoffs in May

According to Reuters, citing three sources, Meta aims to execute the initial phase of its mass layoffs scheduled for this year on May 20. As per one source, the job cuts are expected to affect roughly 10% of its staff, equating to around 8,000 workers. The sources indicated that the company...

Average bonuses on Wall Street rise to record $246,900 in 2025

Average bonuses at Wall Street firms rose by 6% in 2025 to reach $246,900, as stated by New York State Comptroller Thomas DiNapoli. This marks a new record high since the index was created in 1987. The regulator stated that the total bonus pool for the banks reached a new high for the second...

Microsoft promises not to pass on infrastructure costs for its US data centers to consumers

Microsoft is starting a new project to build AI infrastructure in the US, with a focus on helping the public. They promise to cover the costs of the energy systems needed for their data centers, as mentioned in their blog post. The Community-First AI Infrastructure project has several goals,...

Nvidia ranks first among U.S. companies for management quality

Nvidia Corp., a company that makes graphics chips, has ranked first in a list of U.S. companies with the highest quality of management, according to a report from the Drucker Institute at Claremont Graduate University, published in The Wall Street Journal. The other positions in the top five were...

HSBC closes its 160-year-old executive development program

HSBC, Europe's largest bank, has ended its renowned International Manager executive development program, which has been in place since the bank's founding over 160 years ago, according to a report by the Financial Times. The recruitment process for the program, which was designed to cultivate the...

Visa moves European headquarters to Canary Wharf

Visa Inc., which operates the largest payment network in the United States, has officially decided to move its European headquarters to the Canary Wharf business area in London. In a statement released by the company, it was announced that Visa has rented 300,000 square feet (27,900 square meters)...

Amazon to lay off 14,000 corporate employees

Amazon.com Inc. intends to cut jobs for around 14,000 corporate staff as part of a plan to save costs, as stated by Beth Galetti, the company's senior vice president. In a corporate blog post, Galetti explained, "The layoffs we are announcing today are part of our continued effort to reduce...