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Volkswagen considers cutting almost 30,000 jobs

Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve competitiveness with players such as Tesla, German daily Handelsblatt reported on Wednesday. It cited a presentation made by Volkswagen CEO Herbert Diess to the supervisory [Read story...]

Lebanese pound back in freefall after brief recovery

The Lebanese pound sold for more than 20,000 to the dollar on Wednesday, losing almost all the value it regained following the announcement of a new government last month.The pound, officially pegged at 1,500 to the greenback since 1997, has lost mor [Read story...]

Saudi Arabia aims for GDP to reach $1.7 trillion

Saudi Arabia wants its economic output to reach 6.4 trillion riyals ($1.71 trillion), Saudi state TV cited Investment Minister Khalid al-Falih as saying on Wednesday.For the latest headlines, follow our Google News channel online or via the app.The m [Read story...]