Climate change is turning parts of Europe into an insurance nightmare – POLITICO

According to the French insurance lobby France Assureurs, home insurance premiums already increased by 7.8 percent in 2025, while the climate disaster premium — which doesn’t cover wildfires — rose by 66 percent.    For now, most French residents can still easily obtain home insurance anywhere in mainland France, according to the public reinsurer. But it is seeing early signs of strain in a few […]

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BMW to cut 8,000 jobs by the end of 2027 – POLITICO

German car manufacturer BMW is cutting thousands of jobs by the end of 2027 through a voluntary redundancy program, a corporate spokesperson told POLITICO. Up to 8,000 jobs are expected to be culled under the program, with offers going out beginning in October, according to internal corporate sources. The program targets German-based workers in administrative […]

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Trump administration bans foreign-made robots and power gear amid fears of Chinese influence

The Trump administration Tuesday halted imports of advanced robots and a type of power equipment frequently used in solar energy projects, in the latest outgrowth of White House alarm about security threats from China. The restrictions, announced by the Federal Communications Commission, follow recent steps to limit imports of foreign-made drones and wireless routers. Tuesday’s move would sweep in […]

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