Volkswagen Targets 20% Cost Reduction by 2028 Amid Market Pressures

By admin February 16, 2026 No comment

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Volkswagen AG plans to cut costs by 20% across all its brands by the end of 2028, according to a report by Manager Magazin. The move comes as Europe’s largest carmaker grapples with rising production expenses, stiff competition in China, and the impact of U.S. tariffs. CEO Oliver Blume and CFO Arno Antlitz reportedly presented […]

Ex-Ukraine Energy Minister Detained in $100 Million ‘Midas’ Kickback Scandal

By admin February 16, 2026 No comment

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Ukraine’s anti-corruption authorities have detained former energy minister German Galushchenko on accusations of laundering millions of dollars in kickbacks linked to the so-called “Midas” case. Investigators allege the scheme involved around $100 million in bribes at state nuclear company Energoatom. Galushchenko, who served as energy minister from 2021 to 2025 and

UK and European Allies Blame Russia for Navalny’s Death, Cite Rare Dart Frog Toxin

By admin February 16, 2026 No comment

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The UK and several European allies have accused Russia of killing opposition leader Alexei Navalny using epibatidine, a rare toxin derived from South American dart frogs. Speaking at the Munich Security Conference, UK Foreign Secretary Yvette Cooper said analysis of material samples found on Navalny’s body showed the presence of the toxin, arguing that only […]

EU Not Ready to Set Ukraine Membership Date, Says Kaja Kallas

By admin February 16, 2026 No comment

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European Union foreign policy chief Kaja Kallas said EU governments are not prepared to give Ukraine a concrete date for joining the bloc, despite Kyiv’s push for one as part of future security guarantees. Speaking at the Munich Security Conference, Kallas said member states believe significant work remains before any timeline can be set, underlining […]

L’Oréal Seeks Earlier Access to Gucci Beauty Licence as Kering and Coty Hold Talks

By admin February 14, 2026 No comment

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French cosmetics giant L’Oréal would welcome taking over the Gucci beauty licence before its current 2028 expiry, chief executive Nicolas Hieronimus said, confirming that discussions are under way between Gucci owner Kering and present licence holder Coty. Speaking at an analyst conference, Hieronimus said L’Oréal would be “happy to get the brand sooner,” but stressed […]

Two Britons Killed in French Alps Avalanche Near Val d’Isère

By admin February 14, 2026 No comment

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Two British men and one French national have died after an avalanche swept through the Manchet valley near Val d’Isère in the French Alps. The Britons were part of a group of five skiing off-piste with an instructor when the avalanche struck on Friday morning, while the French victim was skiing alone, according to local […]

Merz Warns Rules-Based World Order Has Collapsed at Munich Security Conference

By admin February 14, 2026 No comment

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Germany’s Chancellor Friedrich Merz has warned that the rules-based world order “no longer exists,” urging Europe to prepare for sacrifices in an era dominated by great-power politics. Speaking at the Munich Security Conference, Merz said Europe’s freedom was no longer guaranteed and acknowledged a “deep divide” between Europe and the United States, citing growing tensions

Eighth Storm Claims Life in Spain as Extreme Weather Batters Iberian Peninsula

By admin February 14, 2026 No comment

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A 46-year-old woman has died in Barcelona after being struck by debris from a warehouse roof torn off by powerful winds, as the eighth major storm of the year swept across Spain and Portugal, according to officials. The woman succumbed to her injuries in hospital early Friday. Repeated bouts of heavy rain, strong gales, snow, […]

Spain Detects New African Swine Fever Cases Outside Barcelona Zone

By admin February 13, 2026 No comment

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Spain has confirmed two new cases of African swine fever in wild boar outside the initial outbreak area near Barcelona, marking the first spread beyond the original containment zone. Regional authorities in Catalonia said the infections were detected near the western towns of El Papiol and Molins de Rei in the Barcelona metropolitan area, prompting […]

Nine Held in Alleged €10m Louvre Ticket Scam

By admin February 13, 2026 No comment

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French authorities have detained nine people, including two officials from the Louvre Museum, in connection with an alleged ticket fraud that may have cost the Paris landmark up to 10 million euros ($11.8 million) in lost revenue. The Paris prosecutor’s office said those in custody also include several tour guides and the suspected organiser of […]