More cuts and layoffs. There is no peace for the automotive industry, which has been hit by a deep crisis that has forced giants and multinational companies into serious “downsizing”. Now it’s the turn of German car supplier Bosch, which announced its intention to lay off 5,500 people yesterday, Friday, November 22. “The company needs […]
Tag: crisis
Michelin closes two factories: almost 1,300 employees unemployed
Michelin will close two factories due to the automotive crisis and 1,254 workers will be unemployed. The statement of the French tire manufacturer group concerns the factories in Cholet and Vannes, which will stop production at the beginning of 2026 at the latest. The company announced that there had been a “collapse” in truck and […]
Why are car thefts (including car thefts) on the rise?
Car thefts are booming, but not only that, there are also shortages of spare parts and delays in delivery times. The domino effect created by the Suez Canal crisis is bringing the automotive industry to its knees. The Italian body shops association Federcarrozzieri is alarmed, reporting increasing difficulties for companies in the sector and inconveniences […]
Preventive prison in Ecuador for 3 Colombians held in a semi-submersible vehicle
The Ecuadorian justice system on Sunday ordered preventive detention for three Colombian citizens arrested during an operation off the coast of Esmeraldas province (border with Colombia), during which a semi-submersible boat containing more than three tons of cocaine was found. The Public Prosecution Service reported on its social network account X that it had filed […]
Africa in a huge crisis. The latest data is terrifying
Africa is facing an unprecedented food crisis. Nearly 282 million, or a fifth of the population, are undernourished, 57 million more than at the start of the coronavirus pandemic, according to an analysis published in Rome by the Food and Agriculture Organization of the United Nations FAO, the Commission of the African Union (AU), the […]
“Putin is terribly surprised.” Russia is facing surprising problems
Russia is facing an oil crisis. According to the economist, Vladimir Putin cannot find an effective solution to this problem. Since the beginning of the year, fuel prices in Russia have risen by 10 to 11 percent, which is a big change for the world’s largest producer of petroleum products. At the same time, Vladimir […]
China’s enormous problems. The yuan is devaluing
The Chinese economy has not recorded such poor figures for sixteen years. In recent days, the yuan has suffered another depreciation. On Thursday, the yuan reached 7.329 against the dollar. This is the worst result in sixteen years. On Friday, the depreciation amounted to 7.36 yuan. This is more bad news about the Chinese economy […]
Will Wojciechowski’s proposal solve the grain crisis? ‘I have not heard a word of criticism’
The European Commission has started examining Janusz Wojciechowski’s proposal on the grain crisis. “I have not heard a word of criticism. (…) We are close to the final decision – the EU Commissioner said. Janusz Wojciechowski has a proposal on grain from Ukraine. The EU embargo expires on September 15, and Poland and other countries […]
When China has a cold
Fear shone in the eyes of investors. China, the world’s second largest economy, is in deep trouble. The major slowdown of the largest factory in the world is already being felt by more and more companies from different parts of the world. Evergrand, China’s most indebted developer (its debt is estimated at around $340 billion), […]
Liberals and Conservatives question the government about the EPS crisis
In response, Minister Jaramillo declared that the EPS crisis “does not exist”. He indicated that its purpose is to create “a storm in a teacup”. “The truth is that here today, with the exception of some debts from the previous government related to the covid, we could say that we are safe and we have […]