Criminals demand $768m to keep Revolut client data undisclosed

Personal and financial data of users, including the owner of Gamdom and Skins.com, may have been leaked following a cyberattack on the British fintech bank.

Vitaliy Kovalskyi, lustrated Yanukovych-era official, bids for deputy head role at SAP

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Oil exports bring Russia record $2.75bn in a week

For the week ending 27 September, revenues from the sale of Russian oil reached a maximum since the start of the full-scale invasion due to rising prices and supply volumes.

iPlan financial planner Moskviska promotes KIT Group events despite revoked licences

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Kharkiv City Council deputy Oleksandr Lobanovskyi killed in crash on Kyiv-Odesa highway

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State banks sell Kyiv shopping centre Gulliver for 9.2 billion hryvnia

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SBU dismantles coffee shop network selling banned THC disguised as CBD

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Brothel in Delmar residential complex in Dnipro: what is known about the establishment on Yavornytskoho Avenue

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Mercedes-Benz cuts staff

28 January 2025 09:05by Николаева Людмила

Mercedes-Benz has announced plans for large-scale redundancies. The carmaker intends to cut costs by five billion euros by 2027, according to Focus.

To achieve this ambitious goal, up to 20,000 jobs will be cut. This decision is driven by falling demand and intensifying competition from Chinese manufacturers.

Meanwhile, German automotive giant Volkswagen is ready to hand over its European plants to Chinese companies instead of closing them. Volkswagen has proposed that Chinese electric vehicle manufacturers take over the management of production capacities at its factories.

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