Thousands of job cuts on the way across struggling sectors in Europe

Euronews

The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan.

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  • Pub fighting back against 'orchestrated campaign' to close business

    A pub landlord says he may be forced close his canal-side pub which has been in business since the 1850s due to a noise complaint from a single neighbour. The Rising Sun, in Berkhamsted, Hertforshire, UK is the ‘last remaining Victorian alehouse' built to service the Grand Union canal’. But landlord Mark Granger, 57, fears he may have to close the pub after a resident moved in and complained about the noise of regulars drinking at tables outside. In June last year the neighbour made a formal complaint to his local council which began an investigation.

  • Reeves’s tax raid kills off Christmas bonus for workers

    A record number of employers are scrapping Christmas bonuses for staff this year following Rachel Reeves’s Budget tax raid.

  • Sean ‘Diddy’ Combs Accuser Details Alleged Sexual Assault at White Party: ‘I Was Screaming, I Was Telling Him to Stop’ and ‘He Was Acting Like It Was Nothing’

    One of Sean “Diddy” Combs’ accusers has given an anonymous on-camera interview about his sexual assault allegations against the music mogul, marking the first time an alleged victim of Combs has done so. In an interview with CNN, a John Doe — whose face was concealed and voice altered to maintain his anonymity — detailed …

  • Airline pilots, crews voice concerns about Middle East routes

    STORY: The Middle East is a key air corridor for planes heading to India, South-East Asia and Australia.But with recent instability, the safety debate about flying over the region is playing out.Concerns are being raised in Europe particularly, because pilots there are protected by unions, unlike other parts of the world.Reuters spoke to four pilots, three cabin crew members, three flight security experts and two airline executives about growing safety concerns in the European air industry.Reuters also reviewed nine unpublished letters from unions representing pilots and crews.They expressed worries about air safety over Middle Eastern countries.The letters were sent to multiple airlines, the European Commission and the European Union Aviation Safety Agency in the summer.In late September, an experienced pilot at Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel.He decided to query the decision since just a week earlier the airline had deemed the route unsafe. According to the pilot, Wizz Air's flight operations team told him the airway was now considered secure and he had to fly it.Days later, Iraq closed its airspace when Iran fired missiles on October 1st at Israel. In response to Reuters' queries, Wizz Air said safety is its top priority and it had carried out detailed risk assessments before resuming flights over Iraq and other Middle Eastern countries.In other letters, staff called on airlines to be more transparent about their decisions on routes.The ongoing tensions between Israel and Iran and the abrupt ousting of President Bashar al-Assad by Syrian rebels at the weekend have raised concerns of further insecurity in the region.Some European airlines including Lufthansa and KLM allow crew to opt-out of routes they don't feel are safe.But others such as Wizz Air, Ryanair and airBaltic don't.AirBaltic said the airline meets an international safety standard that doesn't need to be adjusted.Ryanair, which intermittently flew to Jordan and Israel until September, said it makes security decisions based on EASA guidance.Passenger rights groups are also asking for travelers to receive more information.

  • Britain has too many overqualified graduates, major study finds

    Britain has too many graduates doing jobs they consider to be beneath them, a study has indicated.

  • Trump Trade War to Hurt US Farmers More as China Turns to Brazil

    (Bloomberg) -- Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationCity Hall Is HiringThe humble bean was the poster child of Trump’s first tariff spat with China, with American shipm

  • Russia teams up with BRICS to create AI alliance, Putin says

    MOSCOW (Reuters) -President Vladimir Putin said on Wednesday that Russia would develop artificial intelligence with BRICS partners and other countries, in a bid to challenge the dominance of the United States in one of the most promising and crucial technologies of the 21st century. Speaking at Russia's flagship AI conference, Putin said the new AI Alliance Network would include national associations and development institutions in the field of AI from BRICS countries and other interested states.

  • Now set to benefit from a £1bn Qatari investment, Rolls-Royce’s share price looks cheap to me anywhere under £11.08

    Just because Rolls-Royce’s share price has risen significantly this year doesn't mean there's no value left in it. There may be a lot. But is there? The post Now set to benefit from a £1bn Qatari investment, Rolls-Royce’s share price looks cheap to me anywhere under £11.08 appeared first on The Motley Fool UK.

  • This 22-year-old CEO still demands 80-hour workweeks after backlash: ‘I care in the way an athlete cares about their sport’

    When Daksh Gupta, 22, announced a job at his company offered "no work-life balance," he received death threats—and resumes.

  • EU targets Russia's ghost fleet shipping oil in a new round of sanctions

    European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine, targeting in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel, the EU’s Hungarian presidency said on Wednesday. The sanctions are aimed at about 50 of what are routinely decrepit ships that operate illegally to avoid sanctions and are meant to “constrain the activity” of vessels that “contribute or support actions or policies supporting Russia’s actions against Ukraine,” Hungary said. The package of measures will target more officials and entities — often organizations, companies, banks or government agencies, notably those in countries that are helping Russia to improve its military technology by evading export restrictions.

  • New generative AI services slow in China as regulators approve 64 more apps for release

    China has approved 64 generative artificial intelligence (GenAI) services for release in Beijing's latest regulatory approvals, making it the smallest of the three batches to be given the go-ahead this year, in a fresh sign that the domestic AI market is becoming saturated. The November approvals have gone to a diverse group of products and applications, spanning a variety of industries, according to a document published by the Cyberspace Administration of China, the national internet watchdog.

  • IHOP worker fired for feeding a homeless man gets offered her job back

    Hughes said she would feed a needy person again - even if it meant she lost her job

  • Bosch: Up to 10,000 German jobs at risk as car market stutters

    The world's largest supplier of car parts has been hit by weak demand, strong Chinese competition and slow transition to EVs.View on euronews

  • Volkswagen's board leaning away from closing big plants in Germany, media report says

    Board members discussed stopping production at the 300-person Dresden plant and selling the plant in Osnabrueck which employs around 2,300 people, the German magazine reported, citing an unspecified number of participants at a meeting in mid-November. A potential buyer for the Osnabrueck plant, where capacity utilisation is just 30%, was far from being found, the magazine's report added.

  • ExxonMobil Planning Large Gas-Fired Plant to Serve Data Centers

    ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers. The company on Dec. 11 said it is designing […]

  • Indian auto parts supplier Sona Comstar looks East for growth

    Indian auto component maker Sona Comstar, supplier to companies such as Ford and Stellantis, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe. In an interview, Group CEO Vivek Vikram Singh said Sona Comstar was in "active discussions" with automakers in these regions to supply components for electric and hybrid cars, as well as internal combustion engine vehicles. He did not identify the carmakers, but said he expected the Eastern countries to contribute more than half of company revenues in five years, compared with a 66% share now for Europe and North America, while India makes up 28%.

  • Nvidia Steps Up Hiring in China to Focus on AI-Driven Cars

    (Bloomberg) -- Nvidia Corp. has added hundreds of staff in China this year to enhance its research capabilities and focus on new autonomous driving technologies.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe world’s second most valuable company will end the year with about 4,000 people

  • Huge Manchester venue responds to neighbours' claims over its customers' antics

    'It's like we have someone hammering next door'

  • New HSBC boss to slash £2.4bn of costs under radical overhaul

    HSBC’s new chief executive is drawing up plans to cut costs by as much as $3bn (£2.4bn), as the lender prepares to sack hundreds of bankers as part of a radical overhaul.

  • An IHOP worker says she was fired after feeding a homeless man. Then, they tried to reverse course.

    After media attention, IHOP reversed the firing of Victoria Hughes for feeding a homeless man, offering her job back and additional compensation.