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Category: SRN News

BMW bets on cuts, new models and AI to revive its fortunes

By Christina Amann and Rachel More MUNICH, Sept 30 (Reuters) – BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings…

US second-quarter GDP revised higher amid robust consumer spending

WASHINGTON, Sept 30 (Reuters) – The US economy grew at a solid clip in the second quarter, driven by robust consumer spending and business investment related to the buildout of AI infrastructure. Gross domestic product increased at a 2.2% annualized rate, revised up from the…

Sweden should apologise for injustices against Sami people, commission says

STOCKHOLM, Sept 30 (Reuters) – The Swedish government should apologise to the indigenous Sami people for past injustices and Sami interests should be given stronger consideration against mining and wind power projects, a government-appointed commission said on Wednesday.  An estimated 80,000 to 100,000 Sami live…

Angry VW union to ratchet up dispute after labour deals cut short

By Rachel More HANOVER, Germany, Sept 30 (Reuters) – Volkswagen terminated several wage deals with IG Metall on Wednesday, raising the possibility of strikes at the start of next year as Germany’s top industrial union vowed to escalate its dispute with the world’s second-largest automaker.…

UK airbase suspect tipped off police, Times says

LONDON, Sept 30 (Reuters) – A suspected plot against a British airbase used by US forces to strike Iran was thwarted when police were called by one of the same men later arrested at the site, The Times newspaper said on Wednesday. The report added…

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