Volvo Cars to Cut 3,000 Jobs Amid Cost-Cutting Measures

Volvo Cars, the Swedish car manufacturer owned by the Chinese conglomerate Geely, is set to cut approximately 3,000 jobs, marking a significant move in the company’s ongoing restructuring efforts. The company, facing mounting pressures in the global automotive sector, will see job reductions primarily in its office-based roles in Sweden, which accounts for about 15% … Read more

Iraq shopping mall fire kills more than 60

KUT: A fire tore through a newly opened shopping mall in the eastern Iraqi city of Kut overnight, killing at least 61 people, authorities said Thursday as grief-stricken families buried their loved ones. Officials said many people suffocated in bathrooms, while one person told AFP his five relatives died in an elevator. The blaze — the … Read more

Cabinet body okays 104 business reforms

[ Listen to article ISLAMABAD: The Cabinet Committee on Regulatory Reforms (CCoRR), chaired by Federal Minister for Investment Qaiser Ahmed Sheikh, concluded a series of three meetings to review the Regulatory Reform Package-01 submitted by the Board of Investment (BOI). According to an official statement on Thursday, the meetings marked a key milestone in the government’s effort … Read more

Why the car has bombed, with reports of dwindling sales

Tesla’s much-anticipated Model Y, touted as a revolutionary addition to the electric vehicle market, is facing unexpected challenges. Despite initial hype, the new model is struggling to find buyers, according to industry analysts. As reported by Reuters, many Model Y vehicles are sitting unsold on dealership lots across the European market, raising concerns about demand … Read more