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11. Oktober 2024 um 09:00

Stellantis Leadership Transition and Strategic Adjustments

Stellantis, the multinational automotive giant, has announced a significant leadership change. CEO Carlos Tavares plans to retire in early 2026 at the age of 68. The company will also see immediate management restructuring, with Doug Ostermann, previously China Chief, replacing CFO Natalie Knight. This shift aims to simplify operations and enhance organizational performance amid challenging global conditions. Tavares, who joined Stellantis after a notable tenure at Renault and PSA, has been p..
10. Oktober 2024 um 13:29

Legacy of Ratan Tata: A Visionary Leader Passes Away at 86

People gathered around the mortal remains of Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) to pay their respects ahead of its cremation in Mumbai on October 10, 2024.
Ratan Tata, the iconic leader of the Tata Group, has passed away at the age of 86, leaving behind a legacy that transformed the Indian business landscape. Born in 1937, Tata led the conglomerate from 1991 to 2012, expanding it into a global powerhouse with significant acquisitions such as Tetley, Corus, Jaguar, and Land Rover. Under his stewardship, the Tata Group became a symbol of India's industrial prowess, with profits growing 50-fold and a substantial portion of revenue generated from int..
1. Oktober 2024 um 09:00

Georgia Judge Overturns Restrictive Abortion Law

Court, Trial, Judge, Decision
In a landmark decision, a judge in Georgia has struck down a restrictive abortion law that banned the procedure after the detection of a fetal heartbeat. This law, passed by conservative Republicans in 2019, came into effect in 2022 following the Supreme Court's overturning of Roe v. Wade. The controversial law prohibited abortions as early as six weeks into pregnancy, a time when many women are unaware they are pregnant. Judge Robert McBurney of Fulton County ruled that the law violated the c..
30. September 2024 um 19:02

Stricter Oversight for Microsoft by German Cartel Office

The Federal Cartel Office in Germany has classified Microsoft as a company of significant cross-market influence, subjecting it to stricter oversight. This authority allows the office to prohibit practices that may threaten competition. The decision encompasses Microsoft's entire operation, including its flagship products like the Windows operating system, Office applications, and its cloud platform, Azure. Microsoft's role as a gatekeeper for services such as Windows and LinkedIn is under close..
29. September 2024 um 17:55

Unions Oppose Deutsche Bahn's Schenker Sale

Multi-story modern building with DB Schenker logo, business division of the German railway operator Deutsche Bahn focusing on international logistics, Frankfurt, Germany
Deutsche Bahn's plan to sell its logistics subsidiary Schenker to Danish competitor DSV has met with significant resistance from major unions. The railway and transport union EVG and the German Locomotive Drivers' Union GDL are vocal in their opposition, fearing job cuts and loss of national economic value. Schenker, which generated a €520 million profit in the first half of 2023, has been instrumental in helping Deutsche Bahn recover from the financial strains of the COVID-19 pandemic. The sa..
27. September 2024 um 13:29

Economic Nationalism and the Commerzbank Dilemma

UniCredit Bank Branch in Bratislava, Slovakia.
Bettina Orlopp, the newly appointed CEO of Commerzbank, finds herself at the center of a potential takeover by UniCredit, led by CEO Andrea Orcel. This proposal has sparked significant controversy among German politicians, the management, workforce, and the federal government. They fear the acquisition might lead to substantial job cuts and question the success of such hostile takeovers. Jens Weidmann, the chairman of Commerzbank’s supervisory board, plays a crucial role in these discussions...
25. September 2024 um 17:55

Google Challenges Microsoft Over Cloud Practices

A large Google logo is seen at Google’s Bay View campus in Mountain View, California on August 13, 2024 where the "Made by Google" media event was held today. (Photo by Josh Edelson / AFP)
Google has lodged a formal antitrust complaint against Microsoft with the European Commission, accusing the tech giant of anti-competitive practices in the cloud services market. The complaint highlights Microsoft's alleged coercion of customers into purchasing Azure by manipulating licensing terms for Windows Server, which reportedly imposes significant costs on rivals. This move comes as Google struggles to maintain its position in the cloud sector, lagging behind market leaders Amazon Web S..
21. September 2024 um 17:55

Brazil's Legal Clash with Elon Musk's X

xAI logo on smartphone screen with founder Elon Musk in the background
Brazil is intensifying its legal battle against Elon Musk's platform, X, threatening a daily fine of €820,000 for defying a court order. The controversy began when X refused to suspend the accounts of right-wing activists, prompting Judge Moraes to accuse the platform of using evasive tactics. Musk has sharply criticized the judge, portraying him as an 'evil dictator,' while also facing backlash from the crypto community. Despite initial resistance, X has agreed to comply with the Brazilian Su..
20. September 2024 um 09:00

International Investigation into Lebanon Pager Explosions Expands

An ambulance rushes wounded people to the American University of Beirut Medical Center, on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters.
Authorities are deepening their investigation into the origins of the pagers that exploded in Lebanon, resulting in significant casualties. Taiwanese prosecutors questioned executives from Gold Apollo, including CEO Hsu Ching-kuang, to ascertain their involvement. The scrutiny follows reports suggesting that Israel may have tampered with the devices before their shipment to Lebanon. The pagers, used by Hezbollah for internal communication, were allegedly manufactured by BAC Consulting in Hunga..
19. September 2024 um 17:55

Temporary Restoration of X Access in Brazil Amidst Legal Battle

X Logo on a smartphone.
The social media platform X, owned by Elon Musk, briefly became accessible to users in Brazil after a recent network update. This occurred despite a court-ordered ban due to the platform's failure to comply with rulings aimed at combating misinformation. X explained that switching network providers inadvertently restored access for some users. However, the company expects the block to be reinstated soon and is working with the Brazilian government to resolve the issue and restore full access l..
19. September 2024 um 05:40

Temporary Return of X in Brazil Sparks Debate

X Logo on a smartphone.
The online platform X, owned by Elon Musk, saw a temporary and accidental restoration of access in Brazil this week. The Supreme Court of Brazil had previously ordered the platform's blockade due to its failure to comply with court rulings aimed at combating misinformation. This brief reappearance resulted from a network provider switch and a software update, which led to the temporary lifting of the ban for some users. The access was available through both mobile networks and Wi-Fi, although..
16. September 2024 um 13:29

Harland & Wolff Faces Insolvency Challenges

Aerial view of Samson and Goliath Cranes in Harland and Wolff Shipyard Dockyard where RMS Titanic was built in the Titanic Quarter Belfast Northern Ireland 03-03-23
Harland & Wolff, the renowned shipyard that built the Titanic, faces insolvency once again, marking its second financial crisis in five years. The parent company, H&W Group Holdings PLC, has been unable to secure sufficient funding, leading to its recent bankruptcy filing. This situation directly impacts 50 to 60 employees, although the operations at its four shipyards in Northern Ireland and Great Britain will continue. The company, which has a rich history spanning 163 years, is now under the..
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