Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany

Bed maker waited to report defect that killed 1 and injured others

Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.

Employers Get Pressure to Pay for Drugs Like Wegovy

Eli Lilly and Novo Nordisk representatives get face time with companies in hopes they will cover their weight-loss drugs.

Business - The Wall Street Journal - November 19

Bose buys McIntosh, storied maker of high-end luxury audio equipment

McIntosh has been making high-end amplifiers and other audio equipment since 1949, and one of its devices can cost tens of thousands of dollars.

Business - CNBC - November 19

Northvolt chief warns of faltering green transition after battery maker’s bankruptcy

Europe’s best-funded start-up raised $15bn but was left with just $30mn in cash

Business - Financial Times - 5 days ago

The World’s Biggest EV Maker Has the Industry’s Worst Human Rights Appraisal

Amnesty International has issued a report charting the supply chains and human rights due diligence policies of 13 major EV manufacturers. The results are a world away from the clean, safe future ...

Tech - Wired - 4 days ago

How the EV era is challenging leading engine maker Honda

Honda is one of the world's largest and most innovative engine makers. But in recent years it has been challenged by the shift to electric vehicles.

Business - CNBC - 4 days ago

Japanese Chip Maker Kioxia Plans Tokyo Market Debut

Kioxia plans to raise more than $740 million in its initial public offering, seeking growth capital to meet rising demand for chips used in artificial intelligence and data centers.

Business - The Wall Street Journal - 4 days ago

Novonix Eyes Second Graphite Plant After Deals With Battery Makers

The Australian company is betting American-made graphite will be in demand as battery makers seek to reduce their reliance on China for materials essential to the energy transition

Business - The Wall Street Journal - 2 days ago

Biden administration preliminarily OKs $6.6B loan to EV maker Rivian

The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle maker Rivian for a plant in Georgia. The administration said the loan would support the ...

Politics - The Hill - 17 hours ago

The bad jobs report, in context

And oil looks set to stay cheap

World - Financial Times - November 4

Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.

Business - CNBC - October 30

Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms

Retailers and brands have already made a push to diversify sourcing because of tariff risks and supply chain disruptions.

Business - CNBC - November 7

How the FedEx-UPS Price War Could Slash Year-End Costs for Small Businesses

Falling parcel volumes and fewer year-end shopping days, this year have led the two transporters to extend big price reductions to small business owners.

Business - Inc. - November 8

Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions

A Dutch court on Tuesday dismissed a landmark climate ruling against Shell, after the oil giant was ordered to sharply reduce its emissions back in 2021.

Business - CNBC - November 12

Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.

Business - CNBC - November 12

How Elon Musk’s plan to slash government agencies and regulation may benefit his empire

Donald Trump has said the Department of Government Efficiency would end government “bureaucracy,” relax “excess” regulations and cut “wasteful” expenditures.

Business - CNBC - 4 days ago

Musk's DOGE wants to slash regulations. Workers and patients may suffer, experts say.

Trump appointed Elon Musk as co-head of the Department of Government Efficiency.

Germany will play a pivotal role in Ukraine’s future

Russia is escalating its aggression even as western leaders debate Nato membership for Kyiv and a negotiated ceasefire

World - Financial Times - October 29

German coalition teeters on brink of break-up

Chancellor Olaf Scholz snubs partners, fuelling speculation of early elections in spring

Business - Financial Times - October 30

Germany Avoids Recession, but Weak Growth Weighs on Europe

The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.

Top stories - The New York Times - October 30

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Top stories - The New York Times - November 1

Germany, Somalia agree to step up deportations

World - Yahoo News - November 6

Germany’s Coalition Collapses, Leaving the Government Teetering

After months of disputes, Chancellor Olaf Scholz ousted one of his governing partners, adding to the challenges for Europe since Donald Trump’s election.

World - The New York Times - November 7

Not a good day for Germany, says Foreign Minister Baerbock