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Porsche holding company warns of writedown in Volkswagen stake of up to €20bn

Rewrite the Unlock the Editor’s Digest for freePorsche SE expects to write down its stake in Volkswagen by up to 40 per cent, as the uncertainty over potential plant closures and strikes forced Europe’s largest carmaker to withhold its annual financial plan. The Porsche-Piëch...
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From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

Rewrite the A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty ImagesA rocky year for restaurants separated the industry's biggest chains into winners and losers, as...
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Russia appears to pull back its forces in Syria

Rewrite the Unlock the Editor’s Digest for freeRussia appears to be withdrawing some of its Syria-based forces following the sudden fall of Bashar al-Assad’s regime, according to analysis of satellite photography and a Ukrainian intelligence assessment.Images captured by Maxar and Planet Labs reveal an...
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UnitedHealth Group CEO addresses Brian Thompson death, says health-care system is ‘flawed’

Rewrite the Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom Williams | Cq-roll Call,...
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François Bayrou appointed French prime minister

Rewrite the President Emmanuel Macron has selected one of his earliest allies, the centrist politician François Bayrou, as prime minister in a bid to stabilise the political turmoil in France that has bogged down his second term.The 73-year-old’s appointment came after a nearly two-hour-long...
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Sports super agent Scott Boras says Juan Soto’s Mets contract wasn’t just about the money

Rewrite the Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It's the largest deal in professional sports history.Soto will be...
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