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Browsing: travel economy

South Korea tourist spending hits record in May

Travel June 29, 2026

SEOUL, SOUTH KOREA / MENA Newswire / – Foreign tourist spending in South Korea reached a record 1.41 trillion won,…

EU tourism reaches all-time high with 3 billion nights in 2024

Travel March 6, 2025

Tourism in the EU exceeded 3 billion nights in 2024, marking a 2.2% increase, with Spain, Italy, and France accounting for most stays.

Porsche to cut 5000 more jobs under restructuring plan

Automotive July 28, 2026

The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.