In a legal blow to German chemical giant Bayer’s Monsanto unit lost a final appeal in a marathon legal battle in France in which it has been held liable for the accidental inhalation of a weedkiller by a crop farmer. In… Read More ›
German
Tesla acquires Germany’s ATW Automation eyeing planned increase in battery production
According to a source familiar with the deal, Tesla Inc has agreed to acquire Germany’s ATW Automation, a supplier assembling battery modules and packs for the auto industry, for an undisclosed sum. ATW, a subsidiary of Canadian ATS Automation Tooling… Read More ›
Lufthansa hammers out cost cutting deal with pilots, sees recovery in 2021
In a statement, German airline Lufthansa stated, it has formulated an agreement with pilots over a package of short-term measures which will reduce it cash burn and losses induced by the Wuhan Coronavirus pandemic. As per the agreement, in return… Read More ›
Germany pushes to end Libya’s oil blockade
In a statement, Libya’s National Oil Corporation (NOC) stated, German Foreign Minister Heiko Maas had underscored the importance to bring about an immediate end to the blockade of oil facilities in Libya. NOC chairman Mustafa Sanalla met Maas in Tripoli… Read More ›
German financial regulator BaFin investigating suspected market manipulation of Wirecard’s shares
On Friday, a spokeswoman from Germany’s financial regulator BaFin stated, it is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG. Earlier, BaFin had said, it would include the findings of the KPMG… Read More ›
Germany agrees to $9.74 billion rescue package for Lufthansa
In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return… Read More ›
China owes Germany at least £130 billion for coronavirus damages: Germany’s Bild newspaper
Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
Class action lawsuit filed against Zoom Video Communication Inc over privacy security concerns
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
Pharma industry could be nationalized to localize supply chain: German Economy Minister
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
Tesla can avail state subsidies for its Gigafactory: German economy minister Peter Altmaier
In an interview to a German weekly newspaper, Germany’s economy minister stated, Tesla could avail state subsidies if it were to set up a gigafactory in the country. “In my conversations with (Tesla CEO) Elon Musk I have always made… Read More ›
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