Browsing Tag
Germany
481 posts
Volkswagen profit collapses 99% as €8.7bn charges expose the cost of its EV transition
Volkswagen Group reported just €71 million in operating profit for the first nine months of 2026 after major impairment and restructuring charges. Strong electric vehicle orders in Europe provide an opportunity, but lower margins, weaker China sales and American tariffs are putting pressure on the group's transformation.
SGL Carbon wins $90m X-energy nuclear graphite order as Xe-100 reactor supply chain expands
The German materials specialist has secured a second commercial nuclear graphite order from X-energy, advancing a manufacturing partnership linked to small modular reactor projects in the United States and other prospective markets.
Christine Lagarde to leave ECB on February 7, 2027 as interest rates stay at 2.50%
European Central Bank President Christine Lagarde will step down months before her term expires, opening a leadership contest as policymakers hold interest rates steady amid renewed inflation and weak growth concerns.
Danaher (DHR) unit IDBS expands a-tune partnership to connect preclinical research data
Danaher Corporation's IDBS is deepening its partnership with a-tune software AG to connect animal research operations with structured laboratory data, targeting fragmented preclinical workflows and the growing demand for traceable, AI-ready scientific information.
UK seeks Made in Europe exemption as EU industrial rules threaten British carmakers
Britain and the European Union are negotiating how UK manufacturers would be treated under proposed European industrial-preference rules, amid concerns that British electric vehicles, batteries and clean technologies could face disadvantages.
Cadence launches sovereign AI design cloud in Munich as $8.1bn backlog supports expansion
Cadence Design Systems has made a sovereign engineering cloud available in Munich, combining semiconductor design software, AI computing and digital twin technology under European data residency arrangements. The expansion follows strong software growth and an $8.1 billion backlog, but its commercial contribution will depend on customer utilisation and demand for locally controlled engineering infrastructure.
Lindt replaces CEO after two outlook cuts as premium chocolate pricing strategy hits resistance
Lindt & Sprüngli has replaced Chief Executive Officer Adalbert Lechner after weakening European demand forced two outlook reductions and exposed the limits of aggressive chocolate price increases.
Merck KGaA’s $1.3bn Silence Therapeutics deal makes rare blood cancer a new growth priority
Merck KGaA has agreed to acquire Silence Therapeutics for approximately $1.3 billion in equity value, securing a clinical-stage gene-silencing platform and a promising treatment candidate for polycythemia vera as it expands its rare disease portfolio.
Fluence wins Vattenfall’s 1 GWh German battery storage contract as shares face pressure
Fluence Energy will deliver a 254 MW battery storage project at Vattenfall's Brunsbüttel site, strengthening its European order pipeline while manufacturing delays and revised financial guidance remain central to investor sentiment.
EU leaders confront energy price crisis and China trade tensions at Brussels summit
European Union leaders are debating high energy prices, Chinese import competition, spending priorities and future support for Ukraine as the Iran conflict strains the European economy.