919 stories · Page 8 of 92
On 7 Sep 2026, Volkswagen signed a binding term sheet to sell a majority stake in its Osnabrück car plant to Tel-Aviv–based Aurelius Capital and the State of Lower Saxony, paving the way to end auto output in 2027 and start producing Rafael Iron-Dome components.
At midnight on 8 September 2026 Canada began levying 15–50 % duties on roughly C$28 billion (US$20 billion) of U.S. imports after negotiations broke down in late August, mirroring Washington’s 50 % tariffs imposed on Canadian goods two weeks earlier.
On 3 Sept 2026, Volkswagen’s worker-heavy supervisory board unexpectedly voted unanimously to adopt CEO Oliver Blume’s Future Plan 2030, adding 50,000 layoffs and putting four high-cost German plants on a 2031-34 shutdown clock.
On 8 Sep 2026, three-year-old Mistral AI raised €3 billion in a Samsung-led Series D, nearly doubling its worth to over €21 billion and setting a new high-water mark for private European tech funding.
On 6 September 2026 the seven-country OPEC+ monitoring committee opted not to raise oil quotas for October, ending a six-month streak of paper increases while war-time blockades choke actual exports.
On 7 Sept 2026 Jaguar Land Rover opened a voluntary redundancy programme aimed at cutting roughly 4,000 posts—about 10 % of its global workforce—while Business Secretary Jonathan Reynolds publicly ruled out any government bailout.
On 4 September 2026, President Trump warned he would suspend imports from every country running a U.S. trade surplus unless the Federal Reserve immediately slashed interest rates below those of any other nation.
On 3 Sept 2026, Volkswagen’s supervisory board unanimously approved a restructuring that doubles planned staff cuts to 100,000 and sets a 9 % operating-margin target for 2030, replacing decades of job security with cost-driven downsizing.
Following overnight exchanges of fire between the U.S. and Iran on 1–2 Sep 2026, Brent crude spiked more than $4 to close at $94.65 and touched an intraday $97, its highest in five weeks, as traders hastily repriced Middle-East supply security.
Non-farm payrolls leapt by 162,000 in August 2026—triple forecasts—with women taking 158,000 of those roles, an abrupt gender-skewed gain that reignited talk of a September Fed rate hike.
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