Daily brief
Volkswagen plans to cut up to 50,000 jobs in Germany by 2030 as part of a major restructuring. CEO Oliver Blume announced the plan, citing a need to save billions annually after the company's profits fell by nearly half. The profit decline is attributed to competition from cheaper electric cars in China and potential new tariffs from the US.
EU Commission President Ursula von der Leyen called the bloc's previous move away from nuclear power a 'strategic mistake' and announced a new EU strategy to expand nuclear energy.
A German minister and the SPD party have each proposed measures to limit fuel price increases at gas stations, with one suggestion being to allow only one price change per day.
Lufthansa will add new flights to Cape Town, a move that comes amid operational difficulties for competitors Emirates and Qatar Airways.
The Turkish-German couple behind BioNTech, Ugur Sahin and Özlem Türeci, plan to leave the company to establish a new venture.