German
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling...
UniCredit buys 4.5% stake in Commerzbank from German government
UNICREDIT has bought the 4.49 per cent stake that the German government has sold in Commerzbank, making the Italian lender a major investor.UniCredit is paying 13.20 euros per share...
BMW brake recall and VW job threat deepen German industry crisis
GERMAN carmakers are sinking deeper into a crisis undermining the future of the country’s most important industry, with BMW warning that profits will get hit by a costly brake...
Volkswagen scraps decades-old German job security pact, says union
Volkswagen’s move follows a threat that it could shut plants on German soil for the first time in its 87-year historyVolkswagen gave IG Metall notice on Tuesday (Sep 10)...
German car sales plunge in August as EV slump worsens
Sales of new cars plummeted in Germany in August, official data showed on Wednesday (Sep 4), dragged down by a record fall in demand for electric vehicles in Europe’s...
Euro slips after inflation data, concerns over German politics
THE euro fell versus the dollar after inflation data from Germany and Spain led investors to increase their bets on the European Central Bank (ECB) interest rate easing cycle.Inflation...
Cybercrime and sabotage cost German firms 267 billion euros in past year
CYBERCRIME and other acts of sabotage have cost German companies around 267 billion euros (S$388 billion) in the past year, up 29 per cent on the year before, according...
TSMC breaks ground on 10 billion euros German plant in chip war salvo
TAIWAN Semiconductor Manufacturing Co (TSMC) broke ground in eastern Germany on its first European plant as the continent seeks to safeguard its chip supplies amid growing US-China tensions.
“We are...
