BERLIN, June 9 (Reuters) – Talks between RWE and
an unnamed Abu Dhabi investor are focused on joint renewable
energy projects in the Gulf region and are not about the sale of
a stake in the German utility, its chief executive said on
RWE, under pressure from shareholders to tap new growth
areas, said in March it was in talks with a Gulf-based investor
about several forms of cooperation, adding nothing could be
excluded in terms of outcomes.
FRANKFURT, June 8 (Reuters) – German regional wireless
operator Airdata has filed a challenge with the EU General Court
to Telefonica Deutschland’s 8.6 billion euro ($9.6
billion) acquisition of E-Plus.
The takeover completed last year reduced the number of
national mobile carriers in Germany to three from four, leaving
Telefonica Deutschland competing with Deutsche Telekom
BERLIN (Reuters) – Tohid Tasoujian is a co-founder of online fashion store Taxi Moda and one of a growing breed of Internet entrepreneurs in sanctions-hit Iran.
He set out his stall this week at a conference of more than 80 Iranian start-ups in Berlin, the biggest event of its kind outside Iran, as the country gears up for a possible easing of sanctions imposed because of its nuclear program.
BERLIN, June 3 (Reuters) – German industrial company Siemens
signed an 8 billion euro deal ($9 billion) with Egypt
on Wednesday to supply gas and wind power plants to boost the
North African country’s electricity generation by 50 percent.
The deal, signed during an official visit of Egyptian
President Abdel Fattah al-Sisi to Germany, is
Siemens’ single biggest order and gives a much-needed boost to
its gas and power division which is struggling at home.
FRANKFURT, June 1 (Reuters) – German engineering exports to
Russia fell 28 percent in the first quarter as customers
struggled to finance purchases, engineering industry association
VDMA said on Monday.
Russia fell to 10th position in German engineering exports
from fourth in 2013, before the current standoff began with the
West over Moscow’s role in the Ukraine conflict, the VDMA said
after a trade delegation visit to Russia.
FRANKFURT, May 28 (Reuters) – With two court victories
against German media companies under its belt in as many months,
ad-blocking start-up Eyeo is an increasing concern for
publishers dependent on online advertising for growth.
Cologne-based Eyeo’s Adblock Plus leads the fast-growing
market for software to block Internet advertising that many
users find intrusive or spoils their experience of websites.
FRANKFURT, May 28 (Reuters) – European Central Bank
policymakers played down the prospects of any immediate
loosening of funding for cash-strapped Greece, saying that when
it came to accepting the country’s bonds as security for central
bank credit, the answer remained no.
Speaking to journalists in Frankfurt, the ECB’s vice
president underlined the seriousness of the situation facing
Greece, talking openly about a possible default, which would be
the first of its kind in the 16-year-old currency bloc.
FRANKFURT, May 8 (Reuters) – Bilfinger workers
will fight further job cuts at the struggling German engineering
services group, its works council said in a letter to
Bilfinger is in the process of cutting 1,250 jobs as part of
an efficiency programme and another 370 at its power division,
which has suffered worst from budget cuts at German utilities
reeling from the country’s switch to greener energy.
MANNHEIM, Germany (Reuters) – German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers.
The cuts come on top of 7,400 job losses already announced and were unveiled on Thursday alongside a 5 percent drop in first-quarter profit at its industrial businesses.
FRANKFURT, May 7 (Reuters) – German industrial group Siemens
posted a slightly larger-than-expected 5 percent drop
in quarterly industrial profit as a weak result at its digital
factory unit compounded problems at its energy operations.
Siemens said on Thursday it would cut an additional 4,500
jobs, or roughly 1 percent of the global workforce, as it
struggles with low demand and price erosion in its core gas
turbines business while grappling with a host of other
underperforming operations. Half the job cuts will come in