Financial Insights That Matter Chinese electric vehicle (EV) manufacturer Lixiang Auto Inc (Li Auto) opened its first overseas research and development (R&D) center in the German city of Munich, as the company continues to step up its overseas sales drive. Li Auto said the aim of the R&D centre is to collaborate with European component […]
Financial Insights That Matter BERLIN (Reuters) – Germany is set to extend its trusteeship over Russian oil company Rosneft’s local subsidiaries for a fifth time for six months, the economy ministry said on Thursday. Rosneft has been trying to sell its German units, which include a 54.17% stake in the PCK Schwedt refinery. While remaining […]
Financial Insights That Matter RALEIGH, N.C. (AP) — Is it an honor or a cynical end run? When it comes to the former — and apparently future — Fort Bragg, that’s in the eye of the beholder. North Carolina state Rep. John Blust, a Greensboro Republican who served as an enlisted soldier in the 82nd […]
Financial Insights That Matter Hotel company Scandic has signed a lease agreement with AXA Investment Managers to acquire a vacant 214-room hotel in Berlin’s western district. The hotel will undergo a full renovation to align with Scandic’s brand and operational standards before its opening in the third quarter of 2026. Scandic Hotels portfolio development senior […]
Financial Insights That Matter (Bloomberg) — European gas futures tumbled the most since early 2024 after Germany called for exemptions from the European Union’s storage filling targets this year, amid fears that the requirement is driving market speculation and pushing up prices. Most Read from Bloomberg In a meeting of the Gas Coordination Group in […]
Financial Insights That Matter The German stock market’s indices Dax, MDax, SDax, TecDax and Gex are listed on a display board in the trading hall of the Frankfurt Stock Exchange. Arne Dedert/dpa Germany’s leading stock market index, the DAX, has reached the landmark figure of 22,000 points for the first time. The Frankfurt-based index hit […]
Financial Insights That Matter Commuter traffic flows over the Schierstein Bridge. The Federal Minister of Transport wants to present a forecast of how passenger and freight traffic in Germany will develop by 2040. Experts have looked at road, rail and inland waterway transport individually and want to use this as a basis to check whether […]
Financial Insights That Matter The scoreboard in the trading hall of the Frankfurt Stock Exchange shows the Dax curve. For the first time in its history, the Dax has jumped above the round mark of 22,000 points. Helmut Fricke/dpa Germany’s leading stock market index, the DAX, passed 22,000 points for the first time on Tuesday. […]
Financial Insights That Matter A woman holds money in her hand over of a basket full of groceries. Patrick Pleul/dpa Price pressure on consumers in Germany eased in January, with the consumer price index (CPI) showing a 2.3% increase compared to the same month of the previous year, final data from the Federal Statistical Office […]
Financial Insights That Matter (Reuters) – Germany’s top chemical maker BASF SE has asked banks to pitch for a potential listing of its agricultural chemicals division, possibly in the United States or Germany, Bloomberg News reported on Wednesday. The industrial heavyweight is undergoing a massive restructuring program aimed at reducing annual costs by over 2 […]