Reuters

BERLIN (Reuters) - Ford plans further job cuts in Germany, Spain and the U.K., the head of the worker's council for the US automaker in Germany told Reuters on Tuesday.

It is unclear how many additional job cuts are foreseen in Germany under the new restructuring plan, which comes on top of a previous restructuring program, said the head of the works council at Ford's Cologne plant, Benjamin Gruschka.

Gruschka added that a decision is... (continue reading...)

ATHENS (Reuters) - Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance minister said on Tuesday.

The fund, with initial capital of 300 million euros, will invest proceeds from thousands of state asset sales into green projects, infrastructure and new technology, Finance Minister Kostis Hatzidakis said in a news conference,... (continue reading...)

(Reuters) - Fisker filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors in a tough market dominated by Tesla and Chinese automakers.

The startup had aimed to compete with Tesla's best-selling Model Y crossover with its Ocean SUV, but it failed to overcome supply chain issues, a tough funding environment and distribution hurdles that caused rapid cash burn.

By Supantha Mukherjee

STOCKHOLM (Reuters)AI - U.S. telecom company Verizon is using generative to stop 100,000 customers from leaving its service this year by predicting why a customer is calling, connecting them with a suitable agent and reducing store visit time, CEO Hans Vestberg said on Tuesday.

The company receives around 170 million calls every year and with GenAI it can now determine 80% of the time why a customer is calling, he... (continue reading...)

By P.J. Huffstutter and Leah Douglas

CHICAGO (Reuters) - Michigan will offer dairy operations with bird flu up to $28,000 to work with federal and state government agencies to investigate how the virus got onto their operations, Michigan Department of Agriculture and Rural Development Director Tim Boring said on Tuesday.

Federal and state officials are researching several aspects of how bird flu spreads, including the possibility of... (continue reading...)