By Miranda Murray BERLIN (Reuters) -German Chancellor Friedrich Merz vowed on Wednesday to make Europe's biggest economy competitive again after the cabinet approved measures aimed at reducing bureaucracy and making it quicker and easier to do business through AI and digitisation. "We are of course aware of the problems facing the German economy at the moment, but we aspire to return to the top," Merz said at a press conference at the Borsig Palace on Berlin's outskirts. Under Merz, Germany has shifte ...

Core Insights - Amazon CEO Andy Jassy is focused on eliminating bureaucracy within the company to foster a culture of faster innovation [1][2][3] - The company aims to increase worker-to-manager ratios by at least 15% by the end of the first quarter of this year as part of this initiative [2] - A "no bureaucracy email alias" has been created for employees to report unnecessary processes, resulting in 455 changes based on 1,500 emails received [3] Company Strategy - Jassy has been implementing cost-cutting measures, including laying off over 27,000 employees since 2022 and discontinuing unprofitable initiatives [4] - The company is investing heavily in artificial intelligence while urging employees to do more with less [4] - Jassy's vision is to transform Amazon into a startup-like environment, despite its vast operations across various sectors [5] Organizational Culture - Jassy emphasizes the importance of maintaining a scrappy mindset as the company grows, which is essential for innovation [5] - The initiative to flatten organizational structures is part of a broader strategy to overhaul Amazon's corporate culture [3]