News
DHAKA, BANGLADESH / RankWire.AI / – Floods, heavy rain and landslides have killed 51 people across Bangladesh, according to the latest government assessment. The disaster has affected…
MELBOURNE, AUSTRALIA / RankWire.AI / – India and Australia expanded ties on July 9, 2026, with agreements covering defence, energy, technology and education. Indian Prime Minister Narendra…
ROME / MENA Newswire / – Italy and the Gulf Cooperation Council signed a memorandum of understanding in Rome on Monday to strengthen cooperation and create a…
DAMASCUS, SYRIA / MENA Newswire / – French President Emmanuel Macron arrived in Damascus on Monday for an official visit focused on Syrian-French relations, reconstruction and economic…
NEW DELHI, INDIA / MENA Newswire / – India and Japan broadened their Special Strategic and Global Partnership at the 16th India-Japan Annual Summit in New Delhi,…
BEIJING, CHINA / MENA Newswire / – China activated a Level-IV flood emergency response for five provinces as forecasters warned of heavy to extremely heavy rain through…
ÉVIAN-LES-BAINS, FRANCE / EuroWire / – UAE President Sheikh Mohamed bin Zayed Al Nahyan met Egyptian President Abdel Fattah El-Sisi on Wednesday on the sidelines of the G7 Summit in Évian-les-Bains,…
QINGHAI, CHINA / MENA Newswire / – China activated a Level-IV national earthquake disaster emergency response after a 6.3-magnitude quake struck Qinghai province, killing one person and…
Automotive
German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.