Germany nears acquisition of TenneT’s German power grid from The Netherlands
In a move that could reshape Germany’s energy landscape, The Netherlands is on the brink of finalizing a deal to sell TenneT Holding’s power grid [more…]
Category: Germany
Lufthansa Cabin Crew Union Takes to the Skies for Better Pay
In a move that could disrupt travel plans for thousands, Lufthansa’s cabin crew union has announced a strike at Lufthansa and short-haul carrier CityLine. The [more…]
Toyota announces $2.2 billion investment in Brazil, creating 2,000 jobs
Toyota, the renowned Japanese automaker, has announced a substantial $2.2 billion investment for the coming years in Brazil, as confirmed by the country’s vice-president. This [more…]
Taiwan Semiconductor’s ambitious hiring spree to fuel innovation and growth
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, is gearing up for a significant expansion with plans to recruit 6,000 new employees in [more…]
Germany’s Deutsche Bank gears up for legal battle against a Hong Kong property developer
In a move amidst China’s deepening property sector crisis, Deutsche Bank is reportedly preparing to launch a liquidation lawsuit against Shanghai-based developer Shimao Group in [more…]
Swedish property giants SBB and Heimstaden face billions in losses
In a turn of events reflecting the volatile nature of the European property market, two of Sweden’s leading property companies found themselves grappling with substantial [more…]
Fast Retailing targets global expansion for GU Brand in the U.S. and Europe
Fast Retailing, the company behind the Uniqlo brand, is setting its sights on expanding the presence of its GU brand in the United States and [more…]
BASF announces additional 1 billion Euro cost-cutting plan
BASF, the German chemicals giant, is tightening its belt once again, announcing plans to slash an additional 1 billion euros in annual costs at its [more…]
Adidas contemplates writing off 300 million Euros in unsold Yeezy inventory
Adidas made a strategic decision to refrain from writing off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes [more…]
Shell to convert German refinery into lubricant feedstock facility by 2025
Shell has announced plans to shut down its oil refinery in Wesseling, Germany, by 2025 and repurpose the site for the production of lubricant feedstock, [more…]