VW Turnaround: 50,000 New Job Cuts

Note: This section contains information in English only.
Source: Dukascopy Bank SA
VW to cut 50k more jobs, curb board sway & review 4 German plants from 2031 amid tariffs & China EV pressure. Shares rose 7.9%.
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Fri, 04 Sep 2026 12:30:06 GMT

Nvidia to Acquire Hugging Face in $13 Billion AI Ecosystem Play

Nvidia to buy developer hub Hugging Face for $12.93B to expand open-source reach; platform to stay open across hardware and clouds.

Fri, 04 Sep 2026 06:30:05 GMT

Armani Prepares Stake Sale

One year after founder Giorgio Armani's death, the fashion house is drafting a new business plan as it prepares to sell an initial 15% stake valued at €5B–€7B.

Thu, 03 Sep 2026 18:30:06 GMT

Elliott Builds Stake in Deutsche Telekom

Activist investor Elliott Investment Management has built a stake in Deutsche Telekom and is urging the German carrier to abandon plans for a potential full combination with T-Mobile US in favor of alternative value-unlocking strategies, including larger share buybacks.

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