Why Volkswagen hit the skids

When the hedge fund Elliott Management pursued the acquisition of the oil refinery business Citgo a few years ago, the deal was already a complicated one. A US court had ordered its current owner, Venezuela, to sell the business, and the country was not happy about it. But, thing ...  Show more

US President Donald Trump on Friday made his pick to lead the Federal Reserve: Kevin Warsh. The former central bank governor with ties to Wall Street is seen as a mainstream pick. Still, some economists say if Warsh is confirmed, he will trigger a sweeping rethink of the Fed’s ro ...  Show more

The car industry across the European Union employs over thirteen million people, both directly and indirectly, that’s around six percent of the bloc’s workforce. But in recent years, Europe’s manufacturers have been struggling to cope with issues like economic downturns, clean en ...  Show more

We discuss the latest from Georgia, as the ruling pro-Russia Georgian Dream party claims victory in the weekend’s contested elections. Also on the programme: German car manufacturer Volkswagen closes production plants in its home country for the first time in 87 years as a result ...  Show more

Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts 

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Germany has voted, and Friedrich Merz is now the chancellor-in-waiting. But can he rise to the occasion? With Donald Trump signaling a retreat from Europe and cozying up to Vladimir Putin, the continent faces its biggest security challenge in decades. Will Merz shake off Germany’ ...  Show more