Germany Financial News

Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector. The acquisition was finalised this week and will see Murugappa, along with investment firm Avenue Capital Group, take full ownership of Hubergroup from Cornelius Treuhand Holding, pending regulatory approval. The transaction includes $160 million to refinance Hubergroup's debt and a $150-million equity infusion from Murugappa besides working capital, according to sources familiar with the matter.

Shares have opened higher in Europe after mostly falling in Asia following a report showing inflation in the U.S. was roughly as expected last month

Subscribe to enjoy similar stories. Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? CoP-29, the annual conference for the United Nations Framework Convention on Climate Change, is happening in Baku, Azerbaijan, one of the birthplaces of the modern oil industry and (according to civil liberties group Freedom House) among the most oppressive societies on the planet. Leaders from China and the US, which account for about 45% of the world’s carbon footprint, aren’t attending—and US President Joe Biden is a ‘lame duck’ after the Republican Party’s electoral sweep.

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Deutsche Bank CEO Christian Sewing may think Germans need to work a bit harder, but German workers' recalcitrance has its benefits. Following complaints in Germany about Deutsche's February «back to the office» push, Deutsche Bank people everywhere are being granted a semi-reprieve. 

Goldman Sachs announced that it had 95 new partners last week, the highest number promoted in nearly a decade. Five of those were in Paris, the first since a single nominee in 2014 — Pierre Hudry, who has since left the firm.

European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory

Subscribe to enjoy similar stories. In August, a small team of Volkswagen executives and engineers flew from Germany to Palo Alto, Calif., to take a top-secret vehicle for a spin. Originally built as an electric Audi, the vehicle had been shipped to the U.S.

Republican presidential nominee Donald Trump took to the X social media platform to make the announcement, in which he gave very few concrete details about how the platform would work.

Subscribe to enjoy similar stories. New Delhi: India’s hunt for the perpetrators of multiple bombing threats that significantly disrupted the domestic aviation and hospitality sectors has hit a roadblock in Europe, where most of the hoax calls are said to have been made through virtual private networks.

Former B.C. premier John Horgan has died following a battle with cancer, his family confirmed on Tuesday.

...the people Had squandered the confidence of the government And could only win it back By redoubled work. Would it not in that case Be simpler for the government To dissolve the people And elect another? — Die Losung (The Solution), Bertolt Brecht, 1953 Brecht, of course, was mocking the Stalinist government of East Germany, against which the people had staged an uprising in 1953, only for it to be crushed. However, there is a strong case for stripping Brecht's solution of installing a new people of all irony, and adopting it as the primary project of redemption around the world, given the kinds of leaders who get elected. Does this sound frivolous? Or worse, elitist? Instead of moulding yourself to find acceptance among the people who had rejected you, isn't it pure conceit to hope to change them, rather than change yourself?

Subscribe to enjoy similar stories. Industrial technology major Siemens will be focusing on delivering artificial intelligence-based solutions to its customers over selling simple components to differentiate itself and enrich its margins, a top global executive at the firm said.

Tech giant Meta is partnering with universities in the UK to launch the ‘Meta for Education beta program’ to test Meta Quest devices. “Meta Quest devices are wireless all-in-one mixed reality devices” with features such as boundary, passthrough and hand tracking, according to the company’s website. Educators are trying out VR and XR prototypes in their classrooms in order to achieve this, Meta said. Along with giving early access to a range of apps and features to the university partners, the beta test will be an opportunity for the students to experience metaverse technologies up close which could otherwise be inaccessible to them.

German media are reporting that Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16

In two separate stock exchange notices today (12 November), both firms confirmed they had signed non-binding heads of terms and a binding exclusivity agreement for SEGRO, either directly or through a partner, to acquire a portfolio of six EBOX assets from Brookfield. The assets in Germany and the Netherlands account for around 31% of Tritax EuroBox's portfolio value, aligning with Brookfield's previously stated plan to generate proceeds of 20-30% of the portfolio's gross value, according to the EBOX board. Tritax EuroBox backs competing 28% premium cash offer in blow to SEGRO deal ...

BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.

European shares opened higher on Monday with most sectors rising, kicking off a week packed with global economic data including inflation readings in Germany and the United States. The pan-European STOXX 600 added 0.9% as of 0811 GMT, with industrials among the top gainers, up 1.2%.

Experts calculate that curbing and coping with global warming is going to cost trillions of dollars and poor nations just don’t have it

Trump on Sunday spoke with German Chancellor Olaf Scholz by phone, Berlin said, adding that they «agreed to work together towards a return to peace in Europe». Scholz — mired in a political crisis and facing snap elections sometime in early 2025 — congratulated Trump a second time on his election victory, according to the chancellor's spokesman Steffen Hebestreit. «Both exchanged views on the German-American relationship and the current geopolitical challenges,» Hebestreit said in a brief statement.

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees