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Volkswagen to cut up to 50,000 jobs amid growing Chinese competition

Volkswagen has been under unprecedented pressure to restructure the business model that underpinned...

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Google shakes up AI leadership as DeepMind chief shifts role

Moves follow departure of two ‌star researchers to AI rivals in June

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Johnson & Johnson to pay $5.5bn settlement over baby powder lawsuits

The landmark deal could end a contentious legal battle that has dogged the company for a decade

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Oil prices hit one month-high as Trump reinstates Iran blockade

Prices have now climbed to their highest levels since US and Iran signed memorandum of...

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Oil prices fall to below $80 as Trump signs US-Iran interim peace deal to end Middle East war

Asian stocks steady and oil prices dip as investors assess progress toward ending war in Middle...

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Elon Musk’s SpaceX to buy AI coding firm in $60bn deal as valuation rockets after IPO

The deal will see Musk’s spaceflight and technology business take over Anysphere, the San...

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Strait of Hormuz may take weeks to fully reopen despite Trump claims, shipping industry warns

Ship captains will want to be sure trip is safe before they set off

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SpaceX raises €65bn ahead of biggest ever IPO

The float could make Tesla and X owner Elon Musk the world’s first paper trillionaire.

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