Marlene Engelhorn, a descendant of the founder of one of the world’s largest chemical companies, decided to give away most of her inheritance.
Tag: BASF SE
Germany’s Leader, Olaf Scholz, Walks a Fine Line in China
Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from Europe about trade and geopolitical tensions.
Heiress Seeks 50 Austrians to Give Away $27 Million
Marlene Engelhorn has sent invitations to 10,000 Austrians. Once that group is narrowed to 50, it will spend six weekends this year discussing the best way to spend the money.
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.
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.
Did Germany Learn From Its Russia Trouble? The Test May Come in China.
On the eve of Chancellor Olaf Scholz’s first trip to Beijing, concerns are growing that economic dependence on China is leaving his country vulnerable — again.
How German Companies Are Staring Down Putin’s Threat to Cut Off Gas
Industrial producers across Germany are coming up with unique ways to cut their dependence on natural gas as Russia’s war in Ukraine keeps prices high.
How the Ex-Chancellor Gerhard Schröder Became Putin’s Man in Germany
Gerhard Schröder, who is paid almost $1 million a year by Russian-controlled energy companies, has become a pariah. But he is also a symbol of Germany’s Russia policy.