Lady Gaga’s brand, Haus Laboratories, will be exclusively launched by Amazon in several countries, including the U.S., Germany, and Japan. Pop sensation Lady Gaga has announced a new line of beauty products which will be sold exclusively on Amazon.com. The… Read More ›
Germany
IG Metall accepts Bain and Carlyle’s takeover of Osram
IG Metall’s acceptance is contingent to Osram’s management sticking to its agreements on protecting jobs. On Friday, in a development that will pave the way for private equity firms Bain and Carlyle’s takeover of German lighting group Osram, Germany’s largest… Read More ›
European trade vehicle for business with Iran is ready: German Foreign Minister Heiko Maas
Instex – the European trade vehicle is a barter system that circumvents U.S. sanctions. On Monday, in a significant development, Germany’s Foreign Minister Heiko Maas stated, all the formal requirements for a European payment system for barter-based trade with Iran… Read More ›
Countries who artificially undervalue currency could see hike in U.S. tariffs
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
Bayer hires law firm Sidley Austin for investigating pan-Europe influence scheme by Monsanto
Bayer has its hands full due to U.S. class-action lawsuits revolving around Monsanto’s Roundup weed killer which has glyphosate which causes cancer. In a statement, Bayer AG said it has hired Sidley Austin, a law firm to investigate a Europe-wide… Read More ›
Germany’s Delivery Hero invests in biodegradable packaging manufacturer Bio-Lutions
Companies and governments around the globe are moving to mitigate the menace of plastic waste. In a significant development, German food delivery company Delivery Hero announced it has invested in biodegradable packaging manufacturer Bio-Lutions. The move comes midst companies and… Read More ›
Amazon.com’s Polish workers demand doubling of their salaries
Amazon.com is facing a labor issue which could ultimately lead to a strike. Trade unions have given Amazon 7 days to come up with workable solution. On Thursday, in a development that marks the latest labor dispute at the world’s… Read More ›
German brake maker Knorr Bremse’s CEO resigns with immediate effect
No reason has been provided by Knorr Bremse for Klaus Deller’s removal as its CEO. Analysts believe Deller’s resignation may not have anything to do with the company’s financial performance or strategy. In a significant development, Knorr Bremse, a brake… Read More ›
German prosecutors latch on to bonus payments to suspended VW manager
German regulators are probing why VW made bonus payments to an executive who was suspended following the diesel emission cheating scandal. On Tuesday, in a development that continues to haunt Volkswagen, Europe’s biggest car producer, German prosecutors have begun investigating… Read More ›
UniCredit preparing to bid for Commerzbank AG
UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›