Business- Page 7

Volkswagen Announces 50,000 More Job Cuts and Plans to Halve Vehicle Lineup

FRANKFURT, GERMANY — Volkswagen Group is launching one of the biggest restructuring efforts in its history, with plans to eliminate approximately 50,000 additional jobs worldwide and reduce its vehicle lineup by about half. The German automaker’s supervisory board approved the sweeping transformation

September 4, 2026

Business·Dubai·News

Economic Shockwaves: Dubai Reportedly Losing Over $1M Per Minute Amid Airport Downtime

Dubai is reportedly facing economic losses exceeding $1 million per minute following airport downtime linked to escalating regional tensions and reported Iranian strikes. At the center of the disruption is Dubai International Airport, one of the world’s busiest international transit hubs. Any

March 3, 2026

Business

Target Sets Deadline to Remove Synthetic Food Dyes From All Cereal Products

Target Corporation will require that every cereal sold in its stores be free of synthetic food dyes by the end of May, according to reporting from Axios. The policy represents a significant shift in product standards for one of the largest U.S.

February 27, 2026

Business·Entertainment

Paramount Announces $110 Billion Acquisition of Warner Bros.

In a landmark media deal that could reshape the global entertainment industry, Paramount Global has officially announced the acquisition of Warner Bros. in a transaction valued at $110 billion. The massive merger brings together two of Hollywood’s most historic studios under one

February 27, 2026

Business

Pat McGrath Labs Secures $30 Million in Financing, Signaling Strategic Rebuild Following Chapter 11 Filing

Luxury beauty powerhouse Pat McGrath Labs has secured $30 million in new financing following its recent Chapter 11 bankruptcy filing, marking a pivotal moment in the brand’s evolution. The funding is expected to provide operational stability as the company restructures its financial

February 27, 2026

Business

Delta Air Lines Foundation Pledges $5 Million to Expand Aerospace Engineering at Georgia Tech

The Delta Air Lines Foundation has committed $5 million toward the construction of a new aerospace engineering facility at Georgia Institute of Technology, reinforcing a long-standing partnership between the airline industry and one of the nation’s leading research universities. The investment will

February 26, 2026

Business

Alcohol Industry Reports $830 Billion Loss Over Four Years as Gen Z Drinking Habits Shift

The global alcohol industry has reportedly lost an estimated $830 billion over the past four years, a staggering figure many analysts attribute to changing consumer behavior—particularly among Generation Z. Born roughly between the late 1990s and early 2010s, Gen Z consumers are

February 25, 2026

Business·Restaurants

Marc Barnes, Leader in Hospitality Offers Free Gems on Earn Your Leisure Podcast

For more than two decades, Marc Barnes has been a quiet architect behind some of Washington, D.C.’s most influential hospitality spaces, helping shape the culture of upscale nightlife and social gathering in the city. Known for his ability to curate environments that

February 20, 2026

Business

eBay Acquires Depop from Etsy for $1.2B, Reshaping Online Resale

In a major shakeup within the resale economy, eBay has acquired Depop from Etsy in a $1.2 billion deal — a move poised to redefine the future of secondhand fashion and digital marketplaces. The acquisition signals eBay’s strategic push to strengthen its

February 20, 2026

Business

Hyatt Chairman Tom Pritzker Retires Following Epstein File Revelations

Billionaire businessman Tom Pritzker has announced his retirement as executive chairman of Hyatt Hotels, following renewed scrutiny over his past association with convicted sex offender Jeffrey Epstein. The decision comes after the United States Department of Justice released a new batch of

February 17, 2026

Business·News

Emirati Billionaire Sultan Ahmed bin Sulayem Resigns as DP World CEO Following Epstein-Linked Communications

Sultan Ahmed bin Sulayem, the billionaire chairman and CEO of global logistics giant DP World, has stepped down from his role amid scrutiny over communications with convicted sex offender Jeffrey Epstein. The resignation comes after recently disclosed messages raised questions about the

February 14, 2026

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