British sports car manufacturer Aston Martin has announced plans to reduce its workforce by 20 percent as part of a restructuring effort. The company aims to save approximately 40 million pounds annually through these job cuts.
Chinese President Xi Jinping will travel to North Korea for a state visit on June 8 and 9. The visit follows an invitation from North Korean leader Kim Jong-un, according to reports from Chinese state television.
The U.S. House of Representatives has passed legislation providing an aid package for Ukraine along with new sanctions against Russia. The bill received support from Democrats and eighteen Republicans, indicating internal party resistance to President Donald Trump.
ABN Amro reports that the Netherlands has a surplus of millions of single-family homes and needs to drastically change its housing construction strategy. The bank warns of potential vacancies and declining property values once the baby boomer generation passes away.
