VW considering cooperation with Renault on 20,000-euro electric car -Handelsblatt
BERLIN (Reuters) – Volkswagen is speaking with potential partners, including France’s Renault, about cooperating on the development of its 20,000-euro ($21,476) electric car, Germany’s Handelsblatt newspaper reported on Friday, citing people familiar…
EU Commission demands Uniper dispose of Dutch business – Handelsblatt
BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing several people…
Intel near deal on 9.9 billion euro German government subsidy, Handelsblatt says
(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt…
German finance minister rejects industrial power price plan -Handelsblatt
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such a move would be “economically unwise” and…
U.S. lays out possible critical raw materials agreement with EU -Handelsblatt
(Reuters) – The United States and the European Commission have negotiated a possible agreement to allow for electric vehicles with critical minerals extracted or processed in the European Union to qualify for…
Goldman Sachs exec: Smaller banks must prepare for stricter regulations -Handelsblatt
FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulation of regional…
Germany’s Scholz sees no threat of new financial crisis – Handelsblatt
FRANKFURT (Reuters) – German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying a more…
Berlin clears sale of drinks company to Red Bull despite HK connection – Handelsblatt
BERLIN (Reuters) – Germany’s Economy Ministry has cleared the sale of drinks company Brandenburger Urstromquelle to Austria-based Red Bull despite the buyer’s Hong Kong connection, German business daily Handelsblatt reported on Tuesday.…
ECB’s Holzmann calls for four more 50 bps rate hikes- Handelsblatt
BERLIN (Reuters) – The European Central Bank should raise interest rates by 50 basis points at each of its next four meetings as inflation is proving to be stubborn, Austrian central bank…
SAP to stop developing new functions for Business ByDesign software -Handelsblatt
BERLIN (Reuters) – Software maker SAP will not develop any new functions for its Business ByDesign software for small and medium-sized firms from the second quarter of 2023, German daily Handelsblatt reported…
Volkswagen to discuss new software roadmap on Dec. 15 -Handelsblatt
BERLIN (Reuters) – Volkswagen Chief Executive Oliver Blume will present a long-delayed new software strategy for the carmaker at a supervisory board meeting on Dec. 15, Handelsblatt newspaper reported on Monday, citing…
Mercedes Benz recalls more than 100,000 C-class models – Handelsblatt
BERLIN (Reuters) – Mercedes-Benz is recalling more than 100,000 C-class models due to the possibility that moisture could enter the signal acquisition module (SAM) if water were to get into the boot,…
Unicredit CEO eyes acquisitions in Germany -Handelsblatt
BERLIN (Reuters) – UniCredit is eyeing acquisitions in Germany as part of plans by Italy’s second-biggest bank to become a fully developed European bank, Chief Executive Andrea Orcel told German daily Handelsblatt…
SAP plans 3.3% price increase as inflation takes toll – Handelsblatt
BERLIN (Reuters) – SAP will increase its prices from the turn of the year due to high inflation, the Handelsblatt business daily reported on Monday, citing a letter from the company to…
VW aims to take stakes in Canadian mines, mine operators – Handelsblatt
BERLIN (Reuters) – Volkswagen aims to enter the mining business in Canada to ensure its raw material supply for battery production, a board member for the German carmaker told Handelsblatt daily. “We…
Long-term China problems would hit Adidas targets to 2025 – Handelsblatt
BERLIN – Any longer-term collapse of China as a growth market could undermine Adidas sales and profit targets up to 2025, the sports goods company told Handelsblatt business daily on Tuesday. “If…
KfW credit line for Uniper could be raised to 8 billion eur – Handelsblatt
BERLIN – The credit line facility by Germany’s state-owned KfW bank for gas importer Uniper is planned to be raised to 8 billion euros ($8.2 billion) from 2 billion, Handelsblatt reported on…
Audi files lawsuit against Chinese EV maker Nio over trademark rights – Handelsblatt
BERLIN – Volkswagen’s Audi has filed a lawsuit in a Munich court against Chinese electric vehicle maker Nio over an alleged infringement of Audi’s trademark rights, German newspaper Handelsblatt reported on Thursday.…
Mercedes-Benz CEO rules out possibility of Chinese blocking minority -Handelsblatt
BERLIN – Mercedes-Benz CEO Ola Kaellenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority, in an interview with German daily Handelsblatt on…
Deutsche Bank brings several hundred Russian IT experts to Germany – Handelsblatt
BERLIN – Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing…
Volkswagen CEO defends operations in China’s Xinjiang, Handelsblatt reports
BERLIN – Volkswagen plans to continue operations at its plant in China’s Xinjiang region despite reports of human rights violations there, the chief executive said in comments published by the Handelsblatt newspaper…
Daimler Truck suspends all cooperation with Russia’s Kamaz -Handelsblatt
MOSCOW – Daimler Truck has suspended all cooperation with Russia’s largest truckmaker Kamaz, Germany’s Handelsblatt daily reported on Monday, in the face of severe criticism following Russia’s invasion of Ukraine. Kamaz declined…
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy ministry. “The…
ECB’s Rehn expects euro zone inflation of around 2% in next two years -Handelsblatt
BERLIN – The drivers of inflation in the euro zone will subside over the course of the year and inflation will hover around the European Central Bank’s price stability target of 2%…
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