DPA

Designated VW boss Oliver Blume enjoys the trust and support of the Porsche and Piëch families, who are major shareholders in Volkswagen, they said in a statement. “Oliver Blume has enjoyed our express trust for many years,” said family spokespersons W…

Herbert Diess is stepping down as chairman of the board of management of the Volkswagen Group, to be succeeded by Porsche boss Oliver Blume, the company has said. Diess resigns effective September 1, the statement said in an unexpected announcement on …

The incoming head of Volkswagen, Oliver Blume, who is currently boss of Porsche, says he will continue in his role at the luxury carmaker even as he takes on his new post. The Porsche team could trust in the fact that he will continue to head the unit …

Smart locks for bicycles, lockers and doors that can be unlocked remotely and with phones normally require their own battery supply, something that can make them rather unhelpful with their run out of power. But chip manufacturer Infineon is planning t…

Herbert Diess is stepping down as chairman of the board of management of the Volkswagen Group, to be succeeded by Porsche boss Oliver Blume, the company has said. Diess resigns effective September 1, the statement said in an unexpected announcement on …

Spanish media reported on Friday that the country is having the worst year for forest fires since records began, as much of southern Europe remained in the grip of a heat wave. In the first seven months of this year, flames destroyed more than 197,000 …

Much of Southern Europe remained in the grasp of sweltering heat on Friday, as forest fires continued to blaze in a number of spots. For large parts of Greece, for example, meteorologists are expecting a long heatwave that will last until the beginning…

The German government will take a 30% stake in Uniper, the country’s largest importer of Russian gas, as part of a multibillion-euro bailout in the face of gas shortages, the company said on Friday. “You’ll never walk alone,” German Chancellor Olaf Sch…

European Council President Charles Michel greeted the resolution to allow the export of millions of tons of grain from Ukraine. “This deal can benefit millions around the globe,” he said in a tweet. “Strict implementation of the deal is now of utmost i…

Alicia Keys sang about New York City as a “concrete jungle,” and in fact the skyline of the metropolis of 8.8 million people between the Hudson River and Rockaway Beach appears to be nothing but wall-to-wall skyscrapers. But the “Big Apple” is more tha…