Volkswagen's current challenges—ranging from underutilized factories to unsold electric vehicles (EVs)—are causing significant tensions between its management and powerful labor unions. This crisis is not isolated but symptomatic of a broader struggle faced by automakers across Europe. Key drivers...

India is rapidly positioning itself as a key player in the global semiconductor industry, with plans to become a significant alternative to Taiwan in chip manufacturing. India's Commerce and Industry Minister Piyush Goyal emphasized the nation's ambitions to build a strong semiconductor ecosystem,...

Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s official trip to the United States marks a pivotal moment in the UAE’s efforts to expand its economic footprint and push its relationship with the U.S. into a new "geo-economic phase." The focus of the visit is centered on fostering growth and...

The global electric vehicle (EV) race is intensifying, with Chinese automakers pushing aggressively into the market. Nio, one of China's leading premium electric car manufacturers, is leveraging its new, lower-priced Onvo brand to challenge Tesla with highly competitive pricing. The launch of...

Oil refiners across Asia, Europe, and the United States are grappling with a sharp decline in profitability, hitting multi-year lows and signaling a significant downturn for an industry that had thrived in the post-pandemic economic recovery. Once buoyed by high demand and supply disruptions,...

China's commerce minister, Wang Wentao, has voiced strong concerns over the European Union's impending tariffs on Chinese electric vehicles (EVs), warning that such measures will "seriously interfere" with trade and investment cooperation, ultimately harming both China and Germany. During a meeting...

India has once again topped the global charts in cryptocurrency adoption, according to a recent report by blockchain analytics firm Chainalysis. This marks the second consecutive year that India has led in this domain, despite the country’s stringent regulatory environment and high trading taxes....

In September, U.S. consumer sentiment reached a four-month high, driven by expectations of moderating inflation and improvements in household incomes. However, despite this optimism, concerns regarding the labor market continue to linger, raising questions about the broader implications for the...

Major smartphone manufacturers, including Samsung, Xiaomi, and other prominent brands, are under investigation by India’s Competition Commission of India (CCI) for allegedly colluding with e-commerce giants Amazon and Walmart-owned Flipkart. These companies are accused of engaging in...

As the war between Russia and Ukraine continues to devastate the region, the economic consequences for Ukraine are becoming increasingly dire. With millions displaced, thousands of men mobilized for military duty, and vital industries struggling to fill positions, Ukraine’s labor market is facing...

U.S. consumer spending exhibited robust growth in July, indicating that the economy remains on stable footing as it enters the third quarter, despite growing concerns over the labor market. The Commerce Department’s report on Friday revealed a 0.5% rise in consumer spending, maintaining much of the...