Although China is investing less in Europe overall, Chinese battery producers are building factories to meet the demands of the region’s growing need for electric vehicles.
Author: MELISSA EDDY
Eurozone Inflation Rises as Policymakers Weigh a Rate Increase
The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
Heat Pump Maker’s $13.3 Billion Sale Raises Questions in Germany
Carrier Global Corp., plans to acquire a unit of Viessmann Group that produces heat pumps, seen in Berlin as the heating solution for Germany’s green future.
Berlin to Review Sale of Heat Pump Maker to U.S. Firm
Carrier Global Corp., plans to acquire a unit of Viessmann Group that produces heat pumps, seen in Berlin as the heating solution for Germany’s green future.
Axel Springer C.E.O. Apologizes for Remarks
Texts by Mathias Döpfner, the chief executive of the German media giant, included a request urging favorable coverage of a political party. They were published by a rival publication.
As U.S. Tries to Isolate China, German Companies Move Closer
Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.
Eurozone Inflation Falls to 6.9%, as Energy Prices Ease
The rate of inflation in countries using the euro slipped to 6.9 percent over the year through March, from 8.5 percent the previous month, but underlying price gains edged higher.
Germany Wants More Chip Makers, but They Won’t Come Cheap
The global competition to attract semiconductor companies is expected to cost Berlin billions. Some wonder if it’s a good use of money.
Adidas Is Wondering What to Do With $1.3 Billion in Yeezy Sneakers
After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”
BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.