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BMW plans to cut as many as 8,000 jobs in Germany amid pressure from Chinese electric vehicle competitors and changing market conditions. The voluntary redundancy program targets administration and development divisions.
CAF Bank suspended online services on July 24 following suspected cyber fraud, leaving thousands of UK charities unable to access accounts or process payroll payments.
Coffee prices across the UK have surged past £4 per cup, driven by climate disruptions in major producing nations, geopolitical tensions, and tariff policies affecting global supply chains.
Senate panel advances legislation tightening restrictions on Chinese automakers, though provisions could unintentionally bar Mercedes-Benz from the U.S. market due to Chinese ownership stakes.
China’s Geely and Ford Motor established a joint venture to manufacture electric vehicles at a Ford plant in Spain, with operations beginning in the first half of 2027.
Toyota, Hyundai Motor Group, and Honda control 86% of the rapidly growing U.S. hybrid vehicle market, which reached a record 15.4% market share in the first half of 2026.
