Business- Page 6

Leoni, a major German manufacturer of wiring systems and components for the automotive industry, recently acquired by Austrian billionaire Stefan Pierer, is initiating layoffs in Romania. This decision follows the closure of

UiPath, the first Romanian startup to be listed on the New York Stock Exchange, has announced plans to lay off 420 employees, representing 10% of its global workforce. This move aims to

South Korean tech giant Samsung has announced an extraordinary increase in its operating profit for the second quarter of 2023. The company estimates an operating profit of 10.4 trillion won (approximately $7.54

In June 2024, Romania witnessed a significant surge in new car registrations, marking an impressive increase of 62.13% compared to June 2023. The total number of new vehicles registered reached 21,358 units

Three European entrepreneurs propose a groundbreaking undersea energy interconnection to link Europe with North America. Touted as the world’s largest subsea energy interconnection, this ambitious project aims to transfer renewable electricity bi-directionally,

Volkswagen AG, Europe’s largest automaker, announced plans to develop a low-cost electric vehicle (EV) to compete with Chinese manufacturers. This decision follows the collapse of partnership talks with Renault, as reported by

During a recent all-hands meeting at Alphabet, Google’s parent company, executives faced tough questions from employees concerned about low morale, despite the tech giant achieving a market cap exceeding $2 trillion. Employees