German car parts manufacturer Continental has announced a significant reduction in its workforce as part of a comprehensive plan to bolster financial efficiency. The company aims to cut jobs worldwide in its automotive division, aligning with a strategy to save approximately 400 million euros annually starting in 2025. The Job Cuts While the exact figure
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In the first half of the year, Romania stands out with the lowest cost of living among EU member states, recording a score of 38.4. Surpassing countries like Bulgaria (40.3) and even non-EU nations such as Montenegro (42.4), Serbia (40.5), and Albania (40.4), Romania finds itself positioned just above Bosnia (36.7), Belarus (36.3), and the
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Significant milestone for the European tech scene, Aleph Alpha, a German startup aiming to establish a European alternative to American AI giants like OpenAI and Google, has secured a whopping €500 million (approximately half a billion euros) in funding. The investment comes from a consortium of notable investors, including German IT powerhouse SAP, retail giant Schwarz Group
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Ming-Chi Kuo, one of the most reputable Apple analysts from TF International Securities stated that, under favourable conditions, Apple plans to increase the proportion of iPhones manufactured in India to represent 20% to 25% of its global shipments by next year. Kuo’s estimate corresponds with a previous prediction from JPMorgan last year, indicating that Apple
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It is undeniable that the IT sector has revolutionized our world, driving innovation, growth, and employment across the globe. In Romania, IT professionals, especially those who are in the senior level or command high incomes, have for long been at the forefront of this technological revolution. However, a recent change in the tax legislation has
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It’s not just about being popular or having a large social media following anymore; it’s about harnessing that influence to achieve specific goals. This evolving field is known as Influence Engineering, and it’s transforming the way we understand and leverage influence in various aspects of our lives. How about a scientific definition? Influence Engineering is
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Banca Transilvania, in collaboration with Microsoft, is bringing artificial intelligence into online communication by launching the AI Search feature on the Întreb BT platform. This feature is based on Microsoft Azure OpenAI Service. Întreb BT serves as an informative, educational, and guidance platform online, designed as a search engine with over 2,000 questions and answers
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In an unexpected turn of events, Finnish telecom heavyweight, Nokia, revealed its intentions to cut as many as 14,000 jobs as a part of a broad restructuring move. The announcement, made on Thursday, has been linked to efforts to navigate a “weaker” market scenario. Currently employing 86,000 individuals and recognized as a major supplier of
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Small enterprises, including micro-enterprises and small to medium-sized businesses (SMEs), have a golden opportunity to secure grants ranging from 200,000 to 8 million euros per project. This opportunity has been made possible by the new grant scheme tailored for SMEs in six counties. These funds are sourced from the Just Transition Program (JTP) 2021-2027. The
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YouTube is launching a new News Center to help users find credible news sources. The center will feature a curated selection of news channels from a variety of organizations, including The New York Times, The Washington Post, and CNN. The News Center will also include a number of features designed to help users distinguish between
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