Tag: Germany

Siemens’ Quarterly Profit Beats Estimates as the Company Benefits from AI-Related Demand

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German industrial conglomerate Siemens increased its profit from industrial activities by 22 percent to a record 3.89 billion euros...

German Authority Investigates PayPal Over Possible Restriction of Competition

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The online payment system PayPal may be engaging in anti-competitive practices in Germany. The German Federal Cartel Office (BKartA)...

Audi to receive hundreds of millions of dollars in state incentives and grants in Georgia

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German luxury carmaker Audi, part of the Volkswagen Group, will receive hundreds of millions of dollars in state tax...

Porsche is set to eliminate another 4,000 jobs!

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German sports car manufacturer Porsche is preparing to cut more than 4,000 additional jobs. Citing sources from the daily Handelsblatt,...

Ifo: German economy to grow at 0.4 to 1.1 percent next year

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The German economy will grow next year, but it is not yet clear how strongly. The Ifo economic institute...

VW is counting on plant closures in all scenarios, says employee representative

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German carmaker Volkswagen (VW) plans to close production plants in Germany in all scenarios it has presented to employee...

The sentiment in German companies has worsened again, industry has no orders

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Business sentiment in Germany has deteriorated again this month. The business climate index compiled by the Munich-based Ifo economic...

Number of insolvencies in Germany in the quarter was the highest since 2010

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The number of insolvencies in Germany was higher in the third quarter of this year than in any quarter...

Former Wirecard executives must pay €140 million in damages, court rules

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A Munich court today ordered three former board members of the collapsed German financial services company Wirecard to pay...

Trump’s proposals to raise tariffs would hit the German economy hard

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Germany's economy would shrink by at least 1.2 percent by 2028 if Donald Trump is re-elected president of the...

German investment in China rose to a record €11.9 billion last year

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Germany's foreign direct investment in China increased by 4.3 percent last year to a record €11.9 billion. China's share...

Wholesale prices in Germany fell the most in three years in September

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Wholesale prices in Germany fell by 4.1 percent year-on-year in September, the most in three years. Europe's largest economy...