Volkswagen said Friday that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China. Net profit for the three months to the end of June came in at 1.54 billion euros ($1.75 billion), the 10-brand group said, a fall of 32.9 percent on the
US President Donald Trump will not stop the extradition of influencer Andrew Tate and his brother Tristan to Britain on sex crime charges, the White House said on Thursday. Self-professed misogynist Tate and his younger sibling were detained by US authorities in Miami on Saturday in a move their lawyer called "politically motivated." The Tates are
The European Union on Thursday allowed online platforms to scan for child sexual abuse material in users' chats - but with an exemption for encrypted messaging services. A mechanism that enabled online platforms and messaging services to voluntarily report abusive images lapsed on April 3, as governments and lawmakers squabbled over an overhaul of
Comic book fans will return to San Diego, California, today for the latest Comic-Con, with many convention-goers buzzing about this year’s return of Marvel. The studio skipped last year’s event, but will be back at the coveted Hall H on Saturday to promote Avengers: Doomsday , which is slated to premiere in December. Read more about the event on Times2
European Union countries on Thursday agreed a new watered-down round of sanctions on Russia over the Ukraine war after weeks of haggling, freezing the level of an oil price cap. The package -- the 21st by the EU since Moscow's 2022 invasion -- was held up by a raft of objections by member states to various proposed elements. "Our 21st sanctions package
British no-frills airline EasyJet said Thursday that its profit tumbled in the third quarter as the Middle East war sent jet fuel prices soaring and dampened customer demand. Profit before tax fell 70 percent to £85 million ($114 million) in the three months to the end of June, compared to a year earlier, EasyJet said in a statement. The carrier said
A Saudi vessel was attacked in the Red Sea as Tehran-backed Houthi rebels claimed to strike tankers in the waterway, Riyadh's state media said Thursday, signalling a potential new front in the US-Iran conflict. The Houthis had threatened to blockade Saudi ports on the Red Sea - a key route for oil shipments - while the five-month war had already led
France's environment minister said Wednesday she would remain in her post as long as she was able to act on key issues like climate change, hours after resigning because parliament allowed bee-harming pesticides. Monique Barbut announced her departure on Wednesday morning, outraged at the lack of debate before parliament the previous day approved reintroducing
The United States plans to announce a landmark deal with Saudi Arabia on Wednesday that would help establish a civilian nuclear program in the kingdom, according to media reports. The move comes as Washington fights a war with Iran that began in part over US concerns with Tehran's own nuclear program - an issue that remains a key point of contention
Ryanair has welcomed an Irish High Court ruling rejecting eDreams’ challenge to the Irish courts’ jurisdiction, allowing the airline’s case against the online travel agency to proceed. The airline said the case seeks to stop eDreams from screenscraping Ryanair.com and overcharging customers. According to Ryanair, the ruling follows an earlier High
