Author: OMN AI

Volkswagen aims to cut costs by 20% by 2028 as competition from Chinese carmakers grows.Reports say plant closures are possible as part of the restructuring. Chief executive Oliver Blume and finance chief Arno Antlitz presented the savings plan to senior managers.The goal is to secure stable profits despite falling sales, high costs and rapid market changes. The group already launched a major overhaul that will cut 35,000 jobs by 2030.It expects billions of euros in savings from these measures.Volkswagen said earlier reforms have already produced double-digit billion-euro savings. Pressure is rising as the EU’s trade deficit with China continues to…

Big Tech companies are pouring unprecedented funds into artificial intelligence development. They plan to spend over 700 billion dollars in 2026, roughly 590 billion euros, a 75 percent increase from 2025. Several firms released earnings reports and outlined their 2026 spending plans. Analysts confirmed these projections and highlighted their strategic importance. Wall Street is watching the combined capital expenditure closely. More than 700 billion dollars will flow into AI infrastructure this year, surpassing Sweden’s nominal GDP for 2025, according to IMF estimates. Global chip sales are expected to reach one trillion dollars for the first time this year. The US…

A new generation of daily tablets is reshaping the race for obesity treatments.Oral versions of GLP-1 drugs could bring weight-loss therapy to far more people.Analysts expect the market to approach $200bn by the early 2030s. Novo Nordisk has launched the first oral Wegovy in the US.Early demand has been strong, with rapid prescription growth.Patients say pills are easier to use, cheaper and do not require refrigeration. Many users switch because of insurance costs or needle fatigue.Daily dosing provides steadier appetite control for some people.However, injections still produce greater weight loss in studies. Eli Lilly is preparing a rival pill, intensifying…

Health agencies warn that measles continue to threaten Europe, despite a decline in cases in 2025 compared with the previous year’s record. Experts call for urgent measures to address vaccine hesitancy and prevent new outbreaks across the continent. Measles often fade from public attention, yet the virus continues to spread in multiple European countries. Europe reported 127,350 measles cases in 2024, the highest total since 1997. Cases fell in 2025, but infections still doubled compared with 2023, according to the European Centre for Disease Prevention and Control. Sabrina Bacci, head of the ECDC programme on vaccine-preventable diseases and immunisation, said…

Driver unrest marked the second Formula One pre-season test in Bahrain.Verstappen called the new regulations “anti-racing” and said the car is not enjoyable to drive.He criticised the complex energy management and compared it to “Formula E on steroids”.He again suggested he could leave the sport if racing stops being fun. Lewis Hamilton voiced similar concerns.He said the new systems are extremely complex and hard for fans to understand.The 2026 rules introduce new engines, chassis, tyres and fully sustainable fuel.The engines now rely on an almost equal split between combustion and electric power. Testing times remained inconclusive.Mercedes led with Kimi Antonelli…

Ukrainian President Volodymyr Zelenskyy has sharply criticized the structure of ongoing US-led negotiations with Russia, calling it a “big mistake” that European leaders are largely absent from the table. Speaking at the Munich Security Conference, he argued that any lasting peace must reflect the security concerns of all of Europe — not just Washington and Kyiv. Zelenskyy said Ukraine is working to ensure that Europe’s voice is heard, warning that sidelining the continent risks creating an unstable outcome. His comments echoed recent remarks from Emmanuel Macron, who suggested Europe may need to rethink its own security architecture in the face…

Aluminium prices fell on Friday, while zinc, nickel, and lead also declined. Investors reacted to reports that US President Donald Trump may ease tariffs on imported metals. Markets factored in a potential policy shift ahead of November’s midterm elections. The three-month aluminium contract on the London Metal Exchange dropped more than 2.5% to $2,965.75 per tonne by midday. On the Shanghai Futures Exchange, the most active aluminium contract fell 1.76% to 23,195 yuan per tonne. Industrial Metals Follow Aluminium Lower Zinc traded at $3,316.50 per tonne, down $51.95 or 1.54%. Nickel fell $257 to $16,993.38 per tonne, a decline of…

Covenant Health has been recognized as a top health employer in the United States. Forbes listed the hospital system among America’s Best Large Employers, highlighting its strong support for healthcare workers and staff well-being. The award celebrates organizations that prioritize employee satisfaction, safety, and professional growth. Covenant Health stood out for its commitment to creating a positive workplace for nurses, doctors, and hospital staff. Healthcare professionals often face high stress and long hours. Covenant Health’s programs focus on mental health support, flexible scheduling, and career development. These initiatives aim to improve staff retention and overall job satisfaction. Forbes’ ranking considers…

US inflation fell to 2.4% in January after last year’s tariff-driven price swings. Prices rose 0.2% from December, while core inflation increased 0.3%. Economists expected a slight decline to about 2.5%. Inflation had dropped to 2.3% in April before climbing to 3% in September. It eased to 2.7% by November and December. The White House credited Trump’s economic agenda for stabilizing prices. Officials argued tariffs caused no lasting inflation surge. Investors now watch the Federal Reserve for signals on interest rate cuts. Fed chair Jerome Powell expects tariff effects to peak and then fade this year. The labor market showed…

The United Nations has voted to create a new international scientific panel dedicated to studying the risks and opportunities of artificial intelligence, marking a significant step in global efforts to understand the fast-moving technology. The decision passed in the General Assembly by 117 votes to two, with the United States and Paraguay opposing the move, while Tunisia and Ukraine abstained. Russia, China and several European nations backed the initiative. UN Secretary-General Antonio Guterres described the panel as a “foundational step toward global scientific understanding of AI,” saying it would provide independent and rigorous analysis at a time when AI development…