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Infineon receives US approval for Cypress acquisition
German chipmaker Infineon has cleared an important hurdle in its planned takeover of US competitor Cypress Semiconductor, which is estimated to cost around 9 billion euros.
March18,2020
Investitionsbank Schleswig-Holstein allocates more promotional loans
Investitionsbank Schleswig-Holstein (IB.SH) supported the economy in the northern German state with 2.3 billion euros last year.
March18,2020
Trade union federation calls on government to launch investment offensive
The head of the German Federation of Trade Unions (DGB), Reiner Hoffmann, has called on the country’s governing coalition to invest significantly more in public infrastructure than previously planned.
March18,2020
ProSiebenSat.1 and US financial investor want to buy The Meet Group
The German media group ProSiebenSat.1 and the US financial investor General Atlantic plan to jointly acquire the online dating and social entertainment company The Meet Group.
March18,2020
Monitor: Start-ups in Hamburg complain of staff shortages
According to a newly released survey, start-up entrepreneurs in northern German city of Hamburg are having difficulties finding both qualified personnel and affordable office space.
March18,2020
German retailers start year with boost in turnover
German retailers boosted turnover by 1.8 per cent in real terms in January, compared to the same period last year, according to provisional government data released on Wednesday.
March18,2020
Munich to host Germany's International Motor Show in 2021
Munich is to host the 2021 International Motor Show (IAA), Germany's automobile association VDA announced in Berlin on Tuesday.
March18,2020
Building permits rise sharply - but construction backlog continues
The amount of building permits issued for apartments in Germany increased surprisingly strongly last year. They climbed by 4 percent to 360,600 permits, the Federal Office of Statistics announced in Wiesbaden on Tuesday.
March18,2020
Volkswagen to pause production in response to coronavirus
The Volkswagen Group is to temporarily shut down production at the vast majority of its plants starting Friday in response to the coronavirus pandemic, sources from the German auto giant's works council said.
March18,2020
Self-driving car company Waymo with billion-dollar financial injection
The self-driving car specialist Waymo wants to fuel its growth plans with a financial injection in the billions of dollars.
March18,2020
Minister: Tesla could start building German plant this month
US electric carmaker Tesla could start building its large new production plant on the outskirts of Berlin as early as this month, the Economy Ministry for the German state of Brandenburg said on Monday.
March18,2020
Report: Volkswagen to halt models powered by natural gas
Volkswagen is to halt production of models powered by natural gas in the face of limited demand, VW development head Frank Welsch has said.
March18,2020
Germans' savings increase despite low interest rates
German savers are not being deterred by continued low interest rates, with households piling up trillions in financial assets in 2019.
January08,2020
Study: Digitalization causing sea change in German banking
Increasing digitalization has eroded the confidence Germans feel in their traditional banks and will lead to increased competition, according to a study published on Tuesday by the Bitkom association of information and telecommunications providers.
May22,2019
Survey: AI making rapid inroads in German industry
The use of artificial intelligence (AI) is rising sharply in German industry, according to a study published on Monday, the opening day of the Hanover industrial trade fair.
April03,2019
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