Author: News Room
Update from June 12, 2026: Volkswagen is making progress with its planned job cuts: of the 35,000 jobs targeted by 2030, more than 28,000 departures have already been bindingly agreed, as can be seen from CEO Oliver Blume’s speech manuscript for the upcoming general meeting. This is an acceleration compared to last September, when the group counted more than 25,000 agreed departures. Group-wide – including Audi, Porsche and Cariad – VW is even planning to cut around 50,000 jobs in Germany. It is said that the reduction will be carried out in a socially acceptable manner through partial retirement, early…
The vast majority of Pedro Sánchez’s 22 ministers are atheists. The president himself is. This is common in progressive European governments. In the PSOE there are recognized Catholics, such as Salvador Illa, and there are also those in the political space to the left of the socialists, where grassroots Catholics have always had an important presence. But the majority of leaders, like ministers, are non-believers. However, up to 14 ministers, an absolutely unprecedented number, participated on Wednesday in a mass in which the Pope blessed the Holy Family’s Tower of Jesus Christ. Continue reading
As part of its economic survey, the Ifo Institute asked almost 3,000 companies that already use AI whether they see AI as a possible alternative to qualifications and professional experience. Almost 20 percent of those surveyed were positive about the question. Instead of filling the position with highly qualified workers, you can imagine hiring workers without a technical or university degree and supporting them with AI, provided that output and quality remain the same. The same applies to professional experience. Around 15 percent of the companies surveyed considered it easy to very easy to replace an experienced worker with an…
Betting is fundamentally about risk: You might win or you might lose. But what if you could always win? Enter prediction markets, sites that let users bet on pretty much anything. Most of those users lose. But a savvy few have made a fortune using basic math. Will Gavin Newsom win the 2028 Democratic presidential nomination? Will the Fed raise interest rates in 2026? Will Jannik Sinner win Wimbledon? Here, you can bet “Yes” for 60 cents, implying a 60 percent probability; or you can bet “No” for 40 cents, implying a 40 percent probability. If either bet hits, you…
The College of Architects of Madrid has taken a step that, predictably, will unblock the crisis in which the institution has been mired for a year, when Sigfrido Herráez was re-elected for the third time as dean: this Thursday, the Electoral Board has proclaimed as the winner the second candidate that obtained the most votes in those elections, Nexo COAM, with Jesús San Vicente at the head. San Vicente, according to the Board, will now be able to assume the position of dean of the professional association and has made this known through a statement in which he sets the…
Elon Musk is taking SpaceX public and keeping almost all the power. Ryan Mac, a technology reporter for The Times, breaks down why the company’s record I.P.O. is both a big bet on Musk’s vision and a risk for investors.By Ryan Mac, Nour Idriss, Nikolay Nikolov, Stephanie Swart, Rafaela Balster and Sam RosenthalJune 12, 2026
new video loaded: Elon Musk Is the World’s First Trillionaire After SpaceX’s Historic DebuttranscriptBacktranscriptElon Musk Is the World’s First Trillionaire After SpaceX’s Historic DebutSpaceX opened at $150 per share on Friday, then shot up to $165 within with the first 30 minutes of trading, making Elon Musk the world’s first trillionaire.There are always problems on Earth. There are always things that we wish to be better, that we want to solve here on Earth. And we should solve them. But they also have to be things that get you excited about the future, that make you glad to wake up…
The Comptroller General of Andalusia, Miguel Ángel Figueroa, resigned this Friday after revealing links to the alleged plot of former socialist militant Leire Díez, who allegedly benefited from information provided by Figueroa during her time in the central government. Figueroa landed in the Andalusian General Intervention at the beginning of 2025 from the State Society of Industrial Participations (SEPI), where he arrived at the hands of his former president and friend Vicente Fernández. Continue reading
A lot is written about executive compensation. Also about benefits for employees. But when a company talks about incentives, it either targets the top floor with stock programs and clawback clauses, or it targets the workforce with non-cash benefits and meal allowances. What lies in between often falls out. This group is large. Dr. Matthias Fifka, scientific director of several studies, assumes that there is one top management position for every 20 to 30 positions in middle management. The Dr. Jürgen Meyer Foundation itself, which carries out studies, describes the group as “neglected people in the German economy” in its…
Pope Leo XIV concludes his week-long trip to Spain this Friday in Tenerife with a visit to the immigrant reception center of The Rootsin La Laguna. There he called for solidarity and the construction of a more welcoming society.. “We are all – in some way – migrants, we are all pilgrims on the way to the heavenly homeland. Let us help each other make this journey a more humane place for everyone, contributing what is within each one’s reach,” the Pope asked. Later he will offer a mass mass in Santa Cruz, before King Felipe accompanies him to the…