Nissan to cut 9,000 jobs as profits plunge 93%

Japanese carmaker Nissan says it will cut 9,000 jobs globally, after net profit in the April to September period plunged 93.5% year on year. The company has struggled with weak EV sales in China and has missed the hybrid boom in the US.  But first, Germany’s “traffic lights” coalition has collapsed over differences on economic … Read more

Germany's ruling coalition collapses over economic issues after finance minister sacked

On Wednesday, German Chancellor Olaf Scholz dismissed his finance minister and coalition partner, Christian Lindner, over disagreements on economic policy. The country will now be facing a snap election next year in a bid for more political stability. In this edition, we look at the issue at the heart of this split: Germany’s “debt brake”, … Read more