Volkswagen Group CEO Oliver Blume justifies plans for major job cuts amid a serious economic downturn. The company seeks to save €4 billion and may...

Germany was hit with a double whammy this week as proof of the ruinous price its people are paying for their feckless government’s role as the...

The EEF is Russia’s major platform for developing international cooperation in the Asia-Pacific region Read Full Article at RT.com

Beijing is maintaining a conservative economic agenda in Africa, even as it finds it difficult to avoid a confrontation with the West Read Full...

Volkswagen defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants...

Volkswagen defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants...

Major changes are needed for the German automobile giant to survive, company CEO Oliver Blume has said Read Full Article at RT.com

As competition from China increases and an electric vehicle switch looms, Volkswagen is looking to cut costs by closing at least one factory.

Former ECB president Mario Draghi has pointed to increased energy costs for industry a key economic challenge for the EU Read Full Article at RT.com

Volkswagen reportedly considering closure of factories in Germany for the first time in its 87-year history as it fights competition from China’s...