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Automotive

Stellantis Takes $26B Hit as EV Strategy Backfires

Stellantis announces a massive $26 billion write-down as its electric vehicle strategy falters, with shares plunging over 25%. The automotive giant joins Ford and GM in scaling back EV ambitions amid slowing consumer demand and market realities.

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Economy

Europe's Tech Sector Faces Major Layoffs in 2025-2026

European tech sector faces major layoffs in 2025-2026 with over 22,000 jobs cut in 2025 alone. Companies like Continental, Siemens, and Volkswagen implement workforce reductions amid economic pressures and AI adoption. Startup ecosystem also affected with policy responses emerging.

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Ai

AI Drug Repurposing Breakthrough: Clinical Validation Success

AI-driven drug repurposing achieves clinical validation success, reducing development time by 5-7 years with 30%...

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Crime

German 12-Year-Old Suspected of Fatally Stabbing 14-Year-Old

German police arrest 12-year-old for fatal stabbing of 14-year-old Eritrean refugee Yosef in Dormagen. Attack was...