City Berlin Financial News
15.11 / 10:59
15.11 / 07:35
Provident
Reuters
Manufacturing
Assurant
Align
performer
reports
stake
Siemens AG to acquire 18% stake in Indian JV for discounted price of ₹18,968 crore
Siemens AG on November 15 said it is planning to purchase an 18 percent stake in the Indian joint venture, Siemens Limited, from Siemens Energy, Reuters reported. The proposed acquisition is valued at ₹18,968 crore (2.1 billion euros or $2.28 billion) and represents a discount of 15 percent based on the average price, it added.
14.11 / 16:31
Citi
social
information
2020
shock
prevention
How One Major World Capital’s Bid to Boost Affordable Housing Backfired
BERLIN—The German capital has long been a lab for daring experiments in tackling the crisis of affordable housing that is plaguing city dwellers from San Francisco to Hong Kong. Anti-gentrification rules are so strict that in some neighborhoods, luxury renovations such as walk-in showers, balconies or cement tiles are turned down. Airbnb is tightly restricted while rental caps have forced thousands of landlords to slash rents.
14.11 / 15:57
Provident
economy
2020
German Government
German government grants Siemens Energy a loan guarantee to help secure the company
The German government says it is granting a 7.5 billion-euro ($8 billion) loan guarantee to energy technology company Siemens Energy as part of a package to help the firm
14.11 / 13:25
German union calls for strike at Deutsche Bank's DB Direkt over wages
BERLIN (Reuters) — Germany's Verdi union has called on workers at Deutsche Bank's DB Direkt GmbH subsidiary to go on a one day strike on Wednesday, it said, raising pressure in wage talks.
13.11 / 10:55
Manufacturing
Continental
Germany's Continental announces job cuts in automotive division
BERLIN (Reuters) — German car parts manufacturer Continental on Monday said it will cut jobs in its automotive division as part of a plan to save 400 million euros ($427.96 million) per year from 2025.
10.11 / 14:37
Cooper
Google
pandemic
country
prevention
Germany approves global minimum corporate tax
BERLIN (Reuters) — The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.
09.11 / 04:53
Digital
economy
Experts
country
reports
advisers
German Government
German government advisers see only modest economic growth next year
The German government’s panel of independent economic advisers is forecasting that the country's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year
08.11 / 18:03
Cooper
Aware
Thyssenkrupp
country
2024
‘Germany keen on 2024 India visit for Chancellor Scholz’
BERLIN : Germany is keen to have Chancellor Olaf Scholz visit India in October 2024, according to persons aware of the matter. The visit is expected to coincide with the Asia Pacific Conference of German Business. Scholz, who has visited India twice this year, is also expected to attend the next round of intergovernmental consultations that take place once every two years.
08.11 / 12:33
Ethereum
BTC
Platform
Bitcoin
country
Bitwala emerges from the ashes of Nuri
Nuri filed for insolvency in a Berlin court in August, weeks after it said it would lay off 20% of its workforce in a drive to reach profitability. The firm reurned outstanding customer funds to its half a million customers and closed the doors, seemingly for good.The relaunch comes with a renewed focus on returning to its core offering, which centres around buying and selling crypto."Buying and selling crypto has always been at the heart of Bitwala's business," notes Jan Goslicki, Bitwala's chief experience officer.
08.11 / 08:07
IPO
pandemic
Experts
Celebrity
show
country
Department
fall
The fall of WeWork shows the deepening cracks in real estate
Since it was founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers of its flamboyant founder, Adam Neumann, who succeeded in convincing investors, most notably SoftBank, that it was not an office-rental business but a zippy tech firm on a mission to “elevate the world’s consciousness". At the height of the silliness in early 2019, in the lead-up to an initial public offering (IPO), the company was valued at $47bn.
07.11 / 17:55
Citi
Strategy
Mobile
country
China syndrome: Germany keen to expand collaboration with Indian startups
Berlin: German authorities are eyeing closer collaboration with Indian startups in mobility, health, energy and advanced materials among other fields, said a German government official, after regulatory and political troubles with China led to a shift in focus toward India. China’s harsh covid-era restrictions also proved an obstacle to German firms, said the official. The city of Berlin, a leading hub for German startups, is particularly interested in building collaborations with Indian startups.
06.11 / 13:01
Target
Reuters
Manufacturing
Tesla
BioNTech
reports
fall
Tesla, BioNTech, Berkshire Hathaway rise premarket; Dish Network fall
Investing.com — U.S. futures edged higher Monday, as investors awaited the release of more quarterly corporate earnings as the new week starts with a positive tone.
06.11 / 09:49
Provident
Reuters
Platform
Tesla
show
social
information
elon
Elon Musk's Tesla to build €25,000 car at German plant
Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not say when production would begin. Tesla declined to comment.
06.11 / 09:17
Provident
Manufacturing
economy
show
performer
German service sector activity contracts in October - PMI
BERLIN (Reuters) — The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday.
05.11 / 09:43
Reuters
Extreme
Death
cover
hospital
reports
prevention
Israel-Hamas War: Israel acknowledges ambulance attack in Gaza, sparks global protests amid ceasefire calls
NBC News, a senior US administration official reported that Hamas attempted to transport injured fighters, along with civilians, across the Rafah crossing into Egypt for medical treatment. However, the fighters were ultimately prevented from leaving Gaza. Also Read:Israel-Hamas war: Israeli airstrike hits ambulance near Gaza hospital, 15 dead; death toll likely to rise Based on the footage captured at the location, it revealed the presence of over twelve injured individuals covered in blood, lying on the ground in close proximity to an ambulance.
05.11 / 06:17
Citi
Target
Death
President
hospital
reports
evacuation
Support
Israeli jets strike Gaza refugee camp, as US fails to win immediate support for pause in fighting
Gaza Strip early Sunday, killing at least 33 people and wounding dozens, health officials said. The strike came as Israel said it would press on with its offensive to crush the territory's Hamas rulers, despite US appeals for a pause to get aid to desperate civilians. The soaring death toll in Gaza has sparked growing international anger, with tens of thousands from Washington to Berlin taking to the streets Saturday to demand an immediate cease-fire. Israel has rejected the idea of halting its offensive, even for brief humanitarian pauses proposed by U.S.
05.11 / 03:31
Target
Telegram
Southern
show
stage
Israeli bombing kills over 30, mostly children and women, in Gaza's Al-Maghazi camp
AFP. While Palestinian news agency WAFA said 51 Palestinians were killed in the Israeli bombing of Gaza's Maghazi camp. In a statement released on Telegram, Hamas claimed that Israel had "directly" struck civilian homes, noting that women and children made up the majority of the fatalities.
04.11 / 21:41
Provident
Action
Strategy
President
country
Department
recommendations
World Bank poised to host climate loss and damage fund, despite concerns
By Gloria Dickie and Valerie Volcovici
04.11 / 16:45
Platform
Action
voice
social
Croatian Foreign Minister awkward kiss to German counterpart at EU Conference sparks controversy
Gordan Grlic Radman found himself in the midst of controversy after an uncomfortable attempt to kiss his German counterpart, Annalena Baerbock, during a group photograph session in Berlin. The incident occurred during a European Union conference, prompting discussions and debates both on social media and in wider circles.
03.11 / 22:43
Entertainment
Netflix
show
rock
stars
Netflix’s December 2023 Line-up: See complete list of movies, shows
Netflix is gearing up for a December filled with entertainment, including a mix of popular movies, series, specials, and games. Here is a rundown of what's coming to Netflix in the US throughout the month, with a focus on both Netflix Originals and licensed titles.
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