The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
Author: MELISSA EDDY
China’s Leading Electric Carmaker Has Arrived in Germany
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.
European Union to Ban Gas-Powered Cars by 2035
The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.
Germany’s Inflation Rate Hit a High in 2022
The pace of consumer price increases began easing late in the year, but the country’s annual rate of inflation set a new, post-Cold War record.
Exxon Mobil Sues to Try to Block EU Windfall Tax
European subsidiaries of the American oil giant filed a lawsuit with a European Union court seeking to stop the tax, which Exxon Mobil said could cost it billions of dollars.
Exxon Mobil Sues to Try to Block EU Windfall Tax
European subsidiaries of the American oil giant filed a lawsuit with a European Union court seeking to stop the tax, which Exxon Mobil said could cost it billions of dollars.
Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins
Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
Hans Magnus Enzensberger, Leading Light in German Letters, Dies at 93
Poet, essayist, journalist and social critic, he held wide influence among a postwar literary generation with works as intellectual as they were political.
Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary
Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first moderation in 18 months.
German Government Nationalizes Gas Unit Seized From Gazprom
The former Gazprom Germania, a subsidiary of the Russian state-owned gas monopoly, is deemed essential to Germany’s energy security.