Business
Record investment by Big Tech and AI startups accelerated workplace deployment, displacing entry-level roles, fueling burnout among employees and unsettling industries from wealth management to administrative roles.
Heineken announced it would cut up to 6,000 jobs worldwide over two years after global beer demand fell, the Dutch brewer said.
Stefano Di Stefano resigned as a director of Milan-based Monte dei Paschi after prosecutors opened an investigation into alleged insider trading, the bank said.
Activist investor Elliott Management built a stake in London Stock Exchange Group and engaged its management to press for buybacks and improved performance amid weak listings and AI disruption concerns.
Lufthansa called pilots' announced strikes in Germany for Thursday "a completely unnecessary escalation" and said its Swiss, Austrian, Ita, Brussels, Eurowings and Discover units were likely not affected.
Germany recorded nearly 500 million overnight stays in 2025, a new record, the Federal Statistical Office said, driven mainly by domestic travelers and gains at hotels, pensions and campsites.
Alphabet issued rare 100‑year bonds in global capital markets to raise billions for its AI push, and the sale drew heavy investor demand amid questions over long‑term risk.
Dutch brewer Heineken announced it would cut 5,000–6,000 jobs over the next two years, citing weaker beer sales and reduced profit expectations.
BMW recalled hundreds of thousands of vehicles worldwide over a fire risk caused by a defective starter’s magnetic switch that can short-circuit, affecting 28,582 cars in Germany.
An Amsterdam court ordered an investigation into alleged mismanagement at Dutch chipmaker Nexperia and upheld the suspension of a senior executive tied to its Chinese owner.
Tesla filed a criminal complaint involving police after accusing an IG Metall representative of secretly recording a works council meeting at Grünheide, which IG Metall called a "smear campaign".
UK wealth managers' shares fell on Wednesday after AI firm Altruist launched a service enabling advisers to create personalised tax strategies, stoking fears of industry disruption.
Bitcoin plunged sharply in global trading on Feb. 11, wiping out recent gains and raising concerns among analysts of a possible deeper "death spiral" for the cryptocurrency.
Ford reported a roughly $8.2 billion full-year net loss, saying its scaled-back electric-vehicle unit would continue to incur losses for three more years amid heavy write-downs.
