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 ›
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 ›
On Thursday, Europe’s biggest food ordering and delivery company, Just Eat Takeaway said, in March its orders had registered a temporarily declined since restaurants were closed as part of a measure imposed by government to contain the spread of the… Read More ›
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 ›
On Friday, as per a report from Germany’s Federal Statistics Office, industrial orders from Germany surged on bumper aerospace and mechanical engineering bookings, giving the manufacturing sector a big boost at the start of a quarter even as the global… Read More ›
According to a source familiar with the matter at hand, France’s Alstom SA is close to clinching a deal to acquire Bombardier Inc’s train business. An announcement could come as soon as Monday, said the source while adding that the… Read More ›
On Thursday, Joe Kaeser, Siemens’ Chief Executive disclosed, he perceived a more positive mood among his client. “They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,” said… Read More ›
In an interview to Danish business daily Finans, Maersk’s CEO Soren Skou stated, the strict enforcement of competition rules in the European Union is acting as a barrier to developing global champions who can compete with U.S. and Chinese companies…. Read More ›
As per a report from Russian daily Kommersant, Russian President Vladimir Putin stated, Russia has a “pipe-laying vessel” to complete the construction of the Nord Stream 2 gas pipeline which will supply gas to Germany, According to the report, Putin… Read More ›
On Friday, Singapore’s sovereign wealth fund, GIC stated, it had signed a deal to acquire a logistics real estate portfolio from Apollo Global Management’s affiliates for about $1 billion (950 million euros). “The portfolio comprises of 28 logistics assets across… Read More ›
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