Germany Financial News

24.07 / 23:15

Siemens Porsche Mercedes-Benz Samsung BASF Panasonic UK battery startup Nexeon to supply Panasonic with advanced material

By Paul Lienert

24.07 / 20:07

Strategy Enterprise Honda EUR country electronic acquires Motherson acquires German polymer parts maker Dr Schneider for €118 million

New Delhi: In its second international acquisition this month, auto parts maker Samwardhana Motherson International on Monday said it will take over German high-end polymer parts maker Dr Schneider's business at an enterprise value of €118 million. The acquisition will expand Motherson's footprint in the interior polymers business with enhanced offerings in premium lighting panels and air vents. The deal follows Motherson's acquisition of Honda's Yachiyo sunroof business earlier this month.

24.07 / 19:01

Provident Target CEO Bayer BASF FMC Bayer slashes outlook over weak glyphosate demand

By Ludwig Burger and Thomas Escritt

24.07 / 18:13

Blockchain Machine Learning Science Quantum Computing Supercomputer New research shows how brain-like computers could revolutionize blockchain and AI

Researchers from Technische Universität Dresden in Germany recently published breakthrough research showcasing a new material design for neuromorphic computing, a technology that could have revolutionary implications for both blockchain and AI.

24.07 / 15:35

UPS Target CEO Boeing Inside Exclusive-Airbus weighs separate boss for planemaking arm - sources

By Tim Hepher

24.07 / 14:27

Manufacturing Enterprise Honda country electronic acquires Samvardhana Motherson acquires Germany's Dr. Schneider Group for $131.6 million

Samvardhana Motherson International (SMIL) on Monday said it has acquired Germany's Dr. Schneider Group for $131.6 million. Dr.

24.07 / 13:15

UPS Provident Software BMW performer 2024 BMW i5 set to launch in India by 2024: What we know so far

electric vehicle segment. With its global introduction, the pure electric version of the new BMW 5 Series sedan is eagerly anticipated to hit the Indian market next year. The much-anticipated EV has already commenced production at BMW's renowned plant in Dinglfing, Germany – the automaker's largest European production facility. BMW positions the midsize electric sedan, the i5, between the i4 and i7 models in its all-electric lineup.

24.07 / 12:47

Fighting Remark Adidas rapper Ft Adidas sees stronger-than-expected demand for unsold Yeezy shoes - FT

Investing.com — Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of the German sportswear group's unsold «Yeezy» shoes topped its «most optimistic forecast.»

24.07 / 11:19

Lowe's NASDAQ Manufacturing Strategy Poor start for equities ahead of rate decisions, earnings

European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy.

24.07 / 10:51

COST BASF Costs BASF India's Q1 profit falls on sluggish demand, high input costs

BENGALURU : Chemicals maker BASF India on Monday reported a fall in its first-quarter profit, hurt by weak sales and higher input costs. The Indian arm of Germany's BASF said its profit for the quarter ended June 30 fell nearly 43% to 1.13 billion rupees ($13.8 million), while sale of products fell to 33.43 billion rupees from 38.58 billion rupees a year ago.

24.07 / 08:59

UPS Reuters SAP Browser Vodafone Inside reports Vodafone reports better revenue growth, names new CFO

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24.07 / 08:37

UPS Booking film Indian Was Julius Robert Oppenheimer offered Indian citizenship by Jawaharlal Nehru? Find out here

Hindustan Times, Kai Bird said, “After he [Oppenheimer] was humiliated in 1954...Nehru offered him to come to India and become a citizen...But I do not think Oppenheimer considered it [the offer] seriously because he was a deeply patriotic American." In October 1954, Oppenheimer gave a speech saying that these atomic bombs were weapons for aggressors. “These are weapons of terror. They are not defensive weapons.

24.07 / 05:23

CEO Adidas Adidas gets $565 million in orders for 1st batch of unsold Yeezy shoes: Report

Adidas alleged that it deposited $75 million into two Yeezy bank accounts, but according to Bloomberg, Kanye West (Ye) and his associated companies "mishandled almost all of the marketing funds." They reportedly failed to maintain proper separation of the funds and used them for unauthorized purposes. In May 2023, CEO of the German sportbrand Bjørn Gulden later said that the company decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations. Adidas reported 400 million euros (USD 441 million) in lost sales at the start of 2023.

24.07 / 05:23

UPS Racing Software Tesla Porsche BMW Tesla is lapping Germany’s automakers in the global EV race

Tesla delivered 889,015 cars in the first half of this year, more electric vehicles than Volkswagen AG, BMW AG, Mercedes-Benz Group AG and Porsche AG sold combined. The Germans are struggling as software issues delay key models and contribute to waning sales in China, their biggest market, where Tesla and local champion BYD Co. have raced ahead.

24.07 / 01:19

Lowe's Reuters Strategy BNI Yen pressured as traders wait on policy decisions

By Tom Westbrook

23.07 / 16:11

COST Manufacturing Racing Tesla country Tata has placed the UK on the starting grid of today’s EV race

British government officials describe the Tata Group’s decision to build an electric-car battery factory in the UK as a “major vote of confidence" and a huge boost for the country’s auto industry, saying it will create thousands of jobs and help drive economic growth. For once, the hype may be partly justified. The significance of the £4 billion ($5.2 billion) project by the Indian conglomerate that owns Tata Motors should not be underestimated, though it is more of a lifeline for domestic carmakers in the UK rather than their crowning glory.

23.07 / 12:23

Digital CEO Platform Strategy Mercedes-Benz Centre China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says

FRANKFURT (Reuters) — Mercedes-Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche.

23.07 / 11:53

Lowe's DOW Action SENSEX show Ahead of Market: 10 things that will decide D-Street action on Monday

Infosys tanked over 8 per cent after it slashed the FY24 growth outlook. The 30-share BSE Sensex tanked 887.64 points or 1.31 per cent — its biggest single-day slide in over four months — to settle at 66,684.26.

23.07 / 10:33

Parke Opera cover Redeveloped ITPO complex set to host G20 summit

New Delhi: The redeveloped Indian Trade Promotion Organisation (ITPO) complex, which will host G20 leaders' meetings in September, will be inaugurated on 26 July. "With a campus area of approximately 123 acres, the Pragati Maidan Complex proudly holds the title of India's largest MICE (meetings, incentives, conferences and exhibitions) destination," read a tweet by the Press Information Bureau.

23.07 / 09:39

UPS Career Duke film Actor star Meghan Markle to get what Princess Diana refused. Hollywood actor Kevin Costner says…

As talks about Meghan Markle relaunching her movie career get stronger, reports suggest that she might play a role that was once offered to Lady Diana. The Duke and Duchess of Sussex's decision to step back from the British monarchy has opened up new opportunities for Meghan Markle in her professional career. According to German magazine Gala, she has received an enticing proposal to return to Hollywood and potentially star alongside Kevin Costner in the film 'The Bodyguard 2'. The sequel to the popular 1990s movie has long been considered by the film studio.

23.07 / 07:25

Target Citizens stage country Suvendu Adhikari files FIR against Mamata, Abhishek Banerjee on 'gherao' call

Suvendu Adhikari, said on Sunday that he has filed an FIR against the West Bengal chief minister, Mamata Banerjee and Trinamool Congress national general secretary Abhishek Banerjee over their call to gherao the residences of BJP leaders throughout the state on August 5. While addressing the party's annual 'Martyrs' Day' rally on Friday, Abhishek Banerjee had announced this agitation programme so that the BJP leaders would not be able to come out of their homes during that period. Later, in her speech, Mamata Banerjee also said that this demonstration should be conducted at a distance of 100 metres from the residences of the BJP leaders.

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