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1 week ago | 
cp24.com | Rachel More |Friederike Heine |Thomas Seythal
BERLIN - Volkswagen's premium brand Audi could build a plant at a new location in the United States under scenarios being considered to placate President Donald Trump in the tariff conflict, the Spiegel news magazine reported on Friday. Audi is considering building a plant in the southern U.S., which would be the more expensive option out of a number of scenarios being considered, with company sources estimating costs of up to 4 billion euros (US$4.6 billion), the report said.
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1 week ago | 
today.westlaw.com | Tom Käckenhoff |Rachel More |Friederike Heine |Tom Kaeckenhoff
FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp gave CEO Miguel Lopez a new five-year contract on Friday to continue an overhaul of the struggling conglomerate, averting a leadership crisis after powerful union representatives had opposed his...
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1 week ago | 
gurutrade.com | Ariane Lüthi |Miranda Murray |Friederike Heine
ZURICH, June 19 (Reuters) - The Swiss National Bank on Thursday warned the economic outlook is highly uncertain due to trade-related and geopolitical tensions, and said Swiss regulatory weaknesses should be addressed to further strengthen UBS's resilience.
"Several risk factors could amplify the impact of potential negative shocks on global economic and financial conditions," the SNB said in its 2025 Financial Stability Report.
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2 weeks ago | 
gurutrade.com | Tom Kaeckenhoff |Friederike Heine |Miranda Murray
DUESSELDORF, June 13 (Reuters) - Germany's Lufthansa is bracing for weaker demand in the third quarter for flights to the United States after a boom in the summer, according to CEO Carsten Spohr.
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2 weeks ago | 
gurutrade.com | Maria Martinez |Maria Martínez |María Martínez |René Wagner |Madeline Chambers |Friederike Heine
BERLIN, June 12 (Reuters) - The German economy is expected to grow this year following two consecutive years of contraction, two economic institutes said on Thursday, raising their forecasts for 2025 and 2026.
The Kiel Institute for the World Economy (IfW) raised its forecast to 0.3% growth from the stagnation it had previously envisaged.
The revision is due to a better-than-expected first quarter, when the economy grew by 0.4%.
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2 weeks ago | 
today.westlaw.com | Jan Harvey |Christian Kraemer |Friederike Heine |Ludwig Burger
(Reuters) -German biotech firm BioNTech has agreed to acquire domestic peer CureVac for about $1.25 billion worth of BioNTech shares, it said on Thursday, to boost its work on new mRNA-based cancer treatments. Under the deal, which pairs two former...
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3 weeks ago | 
today.westlaw.com | Friederike Heine |Matthias Williams
BERLIN (Reuters) -Germany's federal cartel office on Monday expressed concern about Amazon's use of so-called price control mechanisms, saying in a statement that "this could constitute an abuse under the special provisions for large digital...
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4 weeks ago | 
businesslive.co.za | Friederike Heine |Christoph Steitz
Berlin/Frankfurt — Volkswagen is holding “fair” and “constructive” talks with the US government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung. Several foreign companies have announced new US investments in response to President Donald Trump's import tariffs, but German carmakers have been more cautious about committing more resources to what is their biggest export market.
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1 month ago | 
gurutrade.com | Friederike Heine |Christoph Steitz |Rachel More |Ludwig Burger
BERLIN/FRANKFURT, May 26 (Reuters) - Thyssenkrupp on Monday said it would be separating its automotive, materials trading and green technologies divisions in the coming years, in the German conglomerate's latest restructuring push.
The move will open up the three divisions to external ownership, Thyssenkrupp said, adding it would remain a majority owner in each of the businesses in any future set-up.
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1 month ago | 
gurutrade.com | Friederike Heine |Maria Martinez |Maria Martínez |María Martínez |Thomas Seythal |Aidan Lewis
BERLIN, May 23 (Reuters) - The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published on Friday.
The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office said, revising a preliminary reading of 0.2%.
Germany's sluggish economy has not grown at that pace since the third quarter of 2022, when it expanded by 0.6%.
