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Volkswagen CEO Oliver Blume is facing growing opposition from workers and unions as he pushes a sweeping restructuring plan that could eliminate up to 100,000 jobs and reduce costs across the German automaker.
The 26th SCO Summit begins in Bishkek with Prime Minister Narendra Modi, Vladimir Putin and Xi Jinping among the leaders attending. Security, counter-terrorism, trade, connectivity and energy are key issues on the agenda.
Severe flooding in Nepal has caused widespread damage to roads, bridges, hydropower projects, banking facilities and telecommunications networks, disrupting infrastructure and daily life across several affected areas.
Commerce and Industry Minister Piyush Goyal has criticised the Opposition for questioning India’s latest GDP figures, insisting that the economy’s 7.8% growth in the April-June quarter reflects genuine economic resilience.
Volkswagen CEO Oliver Blume has warned that the German automaker is facing a “more than critical” situation as it battles weak demand, overcapacity and growing competition from Chinese manufacturers. The company is considering major cost-cutting measures and job reductions, while plant closures remain under discussion.
Greece and Israel are expected to sign agreements for the development of the ‘Achilles Shield’, a multi-layered air defence system designed to counter aircraft, missiles and drones.
The Jammu Special Court has issued a non-bailable warrant against Lashkar-e-Taiba founder Hafiz Saeed in a terror case involving the alleged supply of weapons, funds and directions to terror operatives in Jammu and Kashmir. The NIA told the court that Saeed is currently in Pakistan and deliberately evading arrest.
Ukrainian President Volodymyr Zelensky has warned airlines operating through Russian airspace that the region is becoming increasingly dangerous as Kyiv intensifies drone operations inside Russia.
India captain Shubman Gill praised Sri Lanka’s resilient fightback after the second Test in Colombo ended in a draw, denying India a series clean sweep. Gill said the team made the best decisions possible considering the weather and hailed the contest as a brilliant advertisement for Test cricket.
Icelanders have voted against restarting negotiations to join the European Union, with more than 52% rejecting the proposal. The referendum exposed a sharp rural-urban divide and highlighted concerns over fishing rights and Iceland’s sovereignty.
Apple has confirmed job cuts across teams working on Siri, Vision Pro and related software, with more than 200 positions reportedly affected. The changes come as Apple rebuilds Siri around a new AI architecture while shifting its focus toward future smart glasses.
Germany’s far-right Alternative for Germany (AfD) has scored a major electoral breakthrough in Saxony-Anhalt, finishing first with nearly 44% of the vote and putting Chancellor Friedrich Merz’s conservatives under renewed pressure over their refusal to cooperate with the party.
