Volkswagen has weathered wars, scandals and the reinvention of the automobile itself. But the restructuring now being fought over in Wolfsburg is of a different order: plans that could ultimately mean up to 100,000 fewer…
Venice’s Entry Fee Experiment: What 60 Days of…
When Venice began charging day visitors for entry in 2024, it became the first city in the world to put a ticket booth — a digital one — at its gates. Critics called it the…
How Tourism Became Italy’s Most Important Industry —…
Italy has been a tourist destination for as long as tourism has existed. Goethe made the journey in the 1780s; the English gentry turned the Grand Tour into a rite of passage; and today, well…
Germany’s €500 Billion Infrastructure Fund, Explained — and…
In 2025, Germany did something that would have been politically unthinkable a few years earlier: it loosened its constitutional restraints on borrowing and created a €500 billion special fund for infrastructure and climate neutrality. The…
Berlin’s Culture Scene Generates €1.35 Billion a Year…
Culture isn't just a point of civic pride in Berlin — it's a serious economic engine. A new institutional analysis found the city generates €1.35 billion annually from cultural activity, with the majority of that…
IBM Shares Plunge 25% After Weak Earnings Warning
Shares of IBM dropped sharply this month — falling around 25% in a single session — after the company warned that second-quarter profits would come in below expectations, citing softer-than-anticipated demand in its software and…
Italy’s Government Moves to Exit Its Remaining Bank…
Italy's government is preparing to sell off its remaining shareholdings in domestic banks, according to Economy Minister Giancarlo Giorgetti, marking the likely end of a state ownership era that began with a financial crisis-era bailout.…
Deutsche Bahn Plans Record €23 Billion Investment as…
Deutsche Bahn plans to invest more than €23 billion in modernizing Germany's rail network next year — an unprecedented sum aimed at addressing years of underinvestment that have left the network, in the company's own…
NATO Allies Pledge €140 Billion for Ukraine Through…
NATO allies meeting at this month's summit in Ankara pledged roughly €70 billion annually in military support for Ukraine through both 2026 and 2027 — a combined €140 billion commitment that alliance leaders say reflects…