German Chancellor Olaf Scholz will hold confidential talks on Friday in Washington with U.S. President Joe Biden about the war in Ukraine amid growing concerns that China may provide weapons to Russia as its invasion of Ukraine grinds into a second year. Scholz set off on the one-day trip, which unusually will not include a […]
Germany
The Biden administration’s Inflation Reduction Act to promote climate-friendly technologies is attracting German companies to the United States, a survey of the German Chamber of Commerce and Industry DIHK released on Wednesday showed. According to the DIHK survey among 2,400 companies from all sectors, one in 10 German companies is already planning to relocate production […]
European shares fell on Tuesday, with UK’s Ocado sinking after a worse-than-expected full-year loss, while data from France and Spain pointed to inflation being stickier than feared. The continent-wide STOXX 600 index slipped 0.3% in the first hour of trading, after closing sharply higher in the previous session. “Whether it be Spain, France or Germany, […]
German Economy Minister Robert Habeck expressed optimism on Monday about resolving a European Union trade dispute with Washington, saying he saw room for compromise on certain elements of the U.S. Inflation Reduction Act and its green subsidies. Many EU leaders are worried the local content requirements of $369 billion of green subsidies in the U.S. […]
Previously on Telecom Wars, we showcased the intense battle between U.S resident heavyweights AT&T and Verizon and how Africa’s operators earned the continent a place on the global stage. In this new edition of telecom wars, we introduce and pit against one another two of Germany’s most prolific telecom operators: Deutsche Telekom vs Vodafone Germany. […]
Porsche is considering fully integrating Google software into its car cockpit, a source close to the company said on Thursday, marking a shift in strategy for the newly listed carmaker. The deal, which is only being considered for the Porsche brand and not the Volkswagen Group more widely, would enable Porsche customers access to Google […]
As humanity approaches a new space exploration stage and is getting ready to send human-crewed flights to Mars using the Moon as an intermediary base, many people glance back to the 20th-Century space race, trying to evaluate our previous advances in this area. As to who put the first man-made object in space question, most […]
German engineering and technology group Siemens posted a better-than-expected fourth-quarter profit for its industrial business on Thursday and said its factory hardware and software continued to witness strong demand. The company said in a statement it has seen growth in many markets despite a “continuing complex macroeconomic environment influenced by energy shortages and availability concerns […]
The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government said it had vetoed the takeover of the chip factory of the Dortmund-based company Elmos by Silex, a Swedish company that is […]
Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry’s supply chain, the companies said on Wednesday. The move illustrates how Volkswagen, Europe’s biggest carmaker, is striving to gain greater control over the supply of chips, found in ever greater number in new […]