Porsche workers snap up bonuses of nearly 10,000 euros

German luxury carmaker Porsche on Wednesday said it would pay workers a special bonus of up to 9,656 euros ($11,800) each to celebrate a record year, even as the industry grapples with a series of scandals.

Lack of funding leaves world's roads in disrepair

In an age of austerity and budget cutbacks, the deadly bridge collapse in Genoa, Italy, has put the spotlight clearly on the lack of public funding for road networks across the globe, from France and Germany, to the United ...

VW sees steady profits in 2018 results

German car giant Volkswagen on Friday reported steady operating profit and rising revenues in 2018, but said its "dieselgate" emissions cheating scandal again inflicted one-off costs of 3.2 billion euros ($3.6 billion).

GE facing millions in penalities over French job pledge

US conglomerate General Electric will have to pay millions of euros in penalties in France if it fails to uphold its pledge to create 1,000 new jobs by year end, a government official said Sunday.

Digital publishing to boost Axel Springer again in 2018

German media giant Axel Springer, owner of the top-selling Bild newspaper, on Thursday said its thriving digital publishing business would again drive profits in 2018, after a strong performance last year.

TIM wins 5G licenses in Italy

Italy's TIM telecommunication company on Tuesday was awarded new national broadcast licenses for 5G frequencies for a total of 1.73 million euros ($1.99 million), the company said.

Billion-euro SAP restructuring to cost 4,400 jobs

German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year.

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