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Akio Toyoda, appointed president of Japan

Toyota Gazoo Racing to compete in 24 Hours of Nürburgring

The 24 Hours of Nürburgring will see Toyota breaking away from its conventional ways, to enter three models in this year's Toyota Gazoo Racing. Among which, one is a cross-over machine and Toyota's next production venture.

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World flags

The new accurate way to measure the world’s wealthiest countries

New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.

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Factory worker

German Industrial Production down 1.1%

German industrial production went down 1.1 percent month-on-month for the third quarter. According to Bloomberg Business, Berlin Economy Ministry reported the decline Friday, while economists expected a 0.5 percent increase. Germany has been struggling with the Chinese economic slowdown. The country is also grappling with the economic slowdown in other emerging countries where it exports most of its products.

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NASDAQ

Energy, healthcare triggers Wall Street gains; Nasdaq 100 hits 15-year high

US Stocks went up across sectors Monday largely due to the increases in the energy sector and the growing acquisition activities in healthcare. Reuters reported that the increases on the first trading day of November happened right after the impressive October figure, which is the best monthly performance of the major indexes in the last four years.

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EU migrant crisis

Airbus Expresses Interest To Hire Refugees In Germany

This week, a surprising airline news claims that Airbus has expressed its interest in hiring newly arrived refugees in Germany. According to Airbus CEO, Tom Enders the refugees could work in the airline's facilities for a different wage rate.

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Adidas

Adidas to open an automated shoe factory in Germany and the United States

Adidas will open Speedfactory in Germany and in the U.S. The Speedfactory will boost the manufacturing process of Adidas shoes through the automated technology. The two factories will be fully integrated by the year 2020.

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Smartphone user

Major French telecom groups are applying for 4G mobile spectrum auction

France will soon get a boost in internet speed as its telecoms regulator ARCEP announced on Tuesday that it had received applications for the upcoming 4G mobile spectrum auction.

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Microsoft

Microsoft and Google end law dispute, to work together

The five-years patent lawsuit battle between Microsoft and Google had finally come to an end after both companies agreed to drop the lawsuit for an undisclosed amount. The announcement was made by in a joint statement from the two companies.

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Volkswagen

VW scandal exposes cozy ties with Berlin

The recent scandal that Germany faces has revealed the loose sanctions that its government has for the German automobile industry, what with the latter being the nation's poster child with its combined contribution of 413 billion euros revenue from the three biggest carmakers: Volkswagen, BMW, and Daimler in 2014 alone. Whether it is justifiable or not has raised a moral issue argued upon these days with "just how many lives have perished because of this?" as the primary argument.

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Volkswagen

Volkswagen CEO steps down; US may slap $18B penalty

Volkswagen's manipulation in emission norms is rocking Germany following the latest resignation of CEO Martin Winterkorn. Analysts forecast that the recent developments at Volkswagen will have an impact on business and politics in Europe's largest economy.

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UniCredit

UniCredit to slash 7% workforce in cost-cutting drive

UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.

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Sphero BB-8 Star Wars droid

German industrial output gains points, most intense in July

The output for German industry soared for the month of July at its quickest rates so far this year, shown by the data from the Economy Ministry on Monday. This means that Europes's biggest economy was powered even at the beginning of Q3 according to Reuters.

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Smartphone user

Polish mobile networks Plus and Play against government's plan to shorten high-speed internet bidding period

Polish mobile network operators Plus and Play are for the scraping of the government's plan to shorten the bid period for the high-speed Internet frequencies for fear that it would penalize some bidders.

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Migrant crisis

Immigrants beneficial to Germany in the long run

At a time when anti-immigration groups in Germany are raising voices against the influx of immigrants in big numbers, the debate on whether immigrants would be a burden or beneficial on the economy remains vibrant.

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Reebok

Reebok rebrands as a fitness center in the U.S. and Europe

Reebok, the sportswear from Germany, is heading to fitness business, with its major marketing campaign "Be More Human" in Berlin, Germany with partnership from CrossFit, Les Mills and Spartan Race.

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