Doloresz Katanich

Shares fell on Wednesday in Europe and Asia, and oil prices surged nearly 6% after US President Donald Trump said the tentative ceasefire with Iran

Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes renewed concerns about oil supplies through the Strait of Hormuz.

Doloresz Katanich 2 min read US-based artificial intelligence chip maker Cerebras said on Thursday that it plans to bring its first

American AI chip startup Cerebras accelerates its European expansion with 200MW of AI compute capacity by the end of 2027, challenging sector behemoth Nvidia as it highlights "extraordinary" demand across the continent.

Volkswagen's plans to cut tens of thousands more jobs and close factories face a key test on Thursday as the groups controlling Europe's largest

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Volkswagen has unveiled its strategy through to 2030, including plans to halve the number of models it offers and reduce the number of vehicle variants by as much as 75% in an effort to cut costs and complexity.

Volkswagen said on Thursday it would reduce production capacity as part of a sweeping overhaul aimed at making the group leaner and more competitive in a rapidly changing global car market. However, uncertainty remains over the scale of potential job cuts and factory closures.

Doloresz Katanich Volkswagen's labour representatives on the supervisory board blocked a sweeping restructuring plan at a meeting on Thursday, Reuters reported on Friday, citing company sources.

Doloresz Katanich France's state-owned energy group EDF temporarily shut down three nuclear reactors on Sunday, while warning that seven