Siemens CEO to get second term after contract ends – Handelsblatt
BERLIN (Reuters) – Siemens shareholder and employee representatives want to extend the contract of Chief Executive Roland Busch and offer him a second term in …
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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 …
Supply problems set to hit Volkswagen’s Skoda unit – Handelsblatt
BERLIN (Reuters) – Volkswagen’s Skoda unit expects some delays in the production of its Enyaq electric models during November and December due to supply bottlenecks, …
German regulator BaFin to send special monitor to Deutsche Bank – Handelsblatt
BERLIN (Reuters) – German financial regulator BaFin will send a special monitor to Deutsche Bank following problems at its Postbank unit, German daily Handelsblatt reported …
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, …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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. …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …