BERLIN (Reuters) – The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday. “We expected economic growth of 0.4% for this year … In 2024, we think we could get back to growth of 1.6%, 1.9%, so slowly reaching the normal rates again,” Habeck said in a …
German economy could grow by up to 1.9% in 2024 – econ min Read More »
STOCKHOLM (Reuters) -Sweden’s Autoliv said on Monday it expected to meet or exceed its medium-term business growth target while reiterating all of its financial goals for this year, a week after announcing around 8,000 job cuts to save costs. The world’s largest maker of airbags and seatbelts said that due to price increases to offset …
Autoliv says to meet or exceed mid-term growth target Read More »
(Reuters) -Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an interview with Soros published in The Wall Street Journal on Sunday. A hedge fund manager turned philanthropist and major backer of liberal causes, Soros, 92, said …
Billionaire George Soros hands control of empire to son Alex Read More »
BERLIN (Reuters) – Volkswagen’s supervisory board will meet on Tuesday to discuss a planned savings programme ahead of its capital markets day on June 21, two sources close to the company said on Monday. The board will discuss cost-cutting measures amounting to at least 3 billion euros ($3.22 billion) across the Volkswagen, Seat, Skoda and …
Volkswagen supervisory board to discuss savings programme on Tuesday Read More »
(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citing people with knowledge of the matter. Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS …
UBS to impose restrictions on Credit Suisse bankers after takeover complete, FT says Read More »
GDANSK (Reuters) -Poland’s biggest video game producer CD Projekt will release a highly-anticipated expansion to its flagship game Cyberpunk 2077 called “Phantom Liberty” on Sept. 26, the company announced during the Xbox Games Showcase on Sunday. The release will be CD Projekt’s first major premiere since the bug-ridden launch of Cyberpunk 2077 in 2020. The …
CD Projekt to launch Cyberpunk 2077 expansion on Sept. 26 Read More »
By Ludwig Burger and Patricia Weiss HAMBURG (Reuters) – BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The woman, exercising her right under German …
BioNTech faces first German lawsuit over alleged COVID vaccine side effects Read More »
(Reuters) – Germany’s Finance Minister Christian Lindner is refusing Intel’s demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday. “There is no more money available in the budget,” the newspaper quoted Lindner as saying in an interview. “We are trying to …
Germany refusing Intel’s additional demand for subsidies for chip plant – FT Read More »
(Reuters) – Twitter has refused to pay its Google Cloud bills as its contract comes up for renewal this month, which could result in the social media company’s trust and safety teams being crippled, Platformer reported on Saturday. Before Elon Musk’s takeover of the social media platform last year, Twitter signed a multi-year contract with …
Twitter is refusing to pay its Google Cloud bills – Platformer Read More »
(Reuters) -Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. “While Monday brings to an end this chapter in our history, it is also the beginning of a new and exciting …
Credit Suisse CEO memo signals UBS deal to close Monday – Bloomberg Read More »
