Samuel Nwite
AUTHOR: Samuel Nwite
China Widens Online Travel Crackdown, Investigates Meituan and Alibaba Units
China's market regulator has opened investigations into several major online travel and hotel-booking platforms, including units of Meituan and Alibaba, over suspected violations of...
Volkswagen Plans More Than 4,000 More Porsche Job Cuts as Profit Crisis Deepens
Volkswagen is considering more than 4,000 additional job cuts at Porsche as part of its most sweeping restructuring yet, highlighting the depth of the...
Judge Signals Setback for TikTok’s $400 Million U.S. Privacy Settlement
TikTok and its Chinese parent ByteDance have hit a setback in their proposed $400 million settlement with the U.S. Justice Department after a federal...
IMF Says AI Could Lift Europe’s Productivity 1% But Deepen Inequality and Energy Strain
Artificial intelligence could raise productivity across Europe by about 1% over the next five years, but the gains are likely to be uneven and...
Volkswagen Flags €10 Billion Costs As Porsche Crisis Deepens And China Pressure Intensifies
Volkswagen has warned of up to €10 billion ($11.5 billion) in one-off costs, most of them linked to struggling sports car unit Porsche, deepening...