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Business

Volkswagen Announces Strategic Production Adjustments in China Amid Fierce Competition

Volkswagen Group CEO Oliver Blume announces production adjustments in China due to intense competition, following a similar strategy to Germany's restructuring. The company also in...

Business

Nissan Announces $1.4 Billion Investment in China to Revitalize Market Presence with New Models

Nissan plans a $1.4 billion investment in China by 2026 to boost sales and market share, introducing ten new models including its first plug-in hybrid, as announced by CFO Stephen ...

Business

EU Slams Apple and Meta with Hefty €700M Fines for Breaking Competition Rules

The European Commission fines Apple and Meta €700M for competition law violations, highlighting the EU's firm stance on digital market fairness and consumer protection under the Di...

Business

Lord's Mark Group Expands Globally: Launching Lord's Global in the USA to Revolutionize Healthcare and Renewable Energy

Lord's Mark Group launches Lord's Global in the USA, aiming to expand its healthcare and renewable energy solutions globally, starting with a significant USD 1 million order from L...

Business

Volkswagen Announces Strategic Production Adjustments in China Amid Fierce Market Competition

Volkswagen Group CEO Oliver Blume announces production adjustments in China due to intense market competition, following a similar strategy to Germany's 2024 cuts. Despite leading ...

Business

Nissan Invests $1.4 Billion in China to Revitalize Sales and Launch Innovative Plug-In Hybrids

Nissan announces a $1.4 billion investment in China to boost sales and introduce new models, including its first plug-in hybrid, aiming to reverse last year's sales decline and lea...

Business

EU Slams Tech Giants: Apple and Meta Face €700M Fines for Breaking Competition Rules

The European Commission fines Apple and Meta €700 million for competition law violations under the Digital Markets Act, aiming to curb big tech dominance and protect consumer right...

Business

Volvo Faces 7% Sales Drop in Q1 2025 Amid Rising Tariff Uncertainties and Global Trade Shifts

Volvo Group's Q1 2025 sales fell by 7% to SEK 121.8 billion amid tariff uncertainties, with a 9% drop in auto sales. Despite challenges, the company achieved a 10.9% operating marg...