German industrial conglomerate Siemens plans to slash thousands of jobs in its power and gas division hit by a drop in orders, a German magazine report said on Thursday.
Lufthansa is expected to confirm a deal to purchase large parts of the airline. The deal has been expected for weeks and Lufthansa CEO Carsten Spohr says today will be “a milestone”.
Amazon has been ordered to pay 250 million euros ($294 million) back to Luxembourg after the European Commission found that the online retailer had received illegal tax benefits.
Without a rapid coal phase-out, Germany will betray its commitment to the Paris Agreement, experts warn. After years of fierce debate, will the next government finally take action?
Two of Austria’s leading economic research institutes significantly boosted their growth prognoses for the domestic economy in new reports released on Friday.
Former German Chancellor Schröder has been elected to the board of Russian energy giant Rosneft. Though controversial at home, his seat was all but certain as the Russian government nominated him for the post.
The maker of France’s TGV trains announced on Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion.
The insolvent German airline faces its moment of truth on Friday as a fierce bidding war closes. Wildcat strikes by pilots have complicated talks on the break-up of what was once Germany’s second largest carrier.
Mercedes parent Daimler is teaming up with Via to launch a ride-sharing service in Europe. Like UberPool, it will be an on-demand system that allows passengers to set their own pick-up points and destinations through a smartphone app.
Former German Chancellor Gerhard Schröder (right) is standing firm on his contentious decision to join Russian energy conglomerate Rosneft. At a campaign event, he stressed the importance of good relations with Russia.