Germany’s economy ministry has initiated an investment review of Klesch Group Ltd’s planned acquisition of BP’s (BP Plc) German oil refinery in Gelsenkirchen, according to reports from Spiegel. Confidential documents cited by Spiegel suggest that the nationality of Klesch Group owner......
German exporters are maintaining a generally positive outlook for international sales despite ongoing geopolitical tensions, according to a recent assessment by Allianz Trade. A large proportion of companies in Germany expect export revenues to grow in the coming year, reflecting resilience in one of......
Standard Chartered announced on Monday that Ole Matthiessen will join the bank as its global head of transaction services and digital assets within its corporate and investment banking division. Matthiessen brings extensive experience across various financial products, including transaction banking,......
Dutch technology investor Prosus is reportedly exploring the possibility of selling a portion of its stake in the German food delivery company Delivery Hero. According to sources familiar with the matter, the company is considering offloading approximately 10% of its shares to Hong Kong-based investment......
Germany’s ruling coalition is evaluating a series of measures, including a potential windfall tax, to address the sharp rise in energy prices affecting households and businesses. The proposals come as policymakers respond to economic pressure linked to geopolitical tensions in the Middle East. A......
BASF inaugurated Thursday its massive Verbund integrated chemical complex in Zhanjiang, Guangdong province, southern China the company's biggest single investment in 160 years at 8.7 billion euros across four square kilometers employing over 2,000. Launch timing shadows short-term profitability amid......
Elon Musk intends to reserve up to 30% of SpaceX's upcoming initial public offering for individual investors, at least triple the typical 5-10% share in standard IPOs. Reuters reported Thursday that this approach breaks from convention, with SpaceX CFO Bret Johnsen pitching the oversized retail allocation......
German consumer goods giant Henkel has reached an agreement to acquire hair care brand Olaplex in a deal valued at approximately $1.4 billion, marking a significant move in the global beauty industry. The acquisition reflects Henkel’s strategy to strengthen its position in the premium hair care......
More than 1,000 employees of Dutch chip equipment manufacturer ASML participated in a lunchtime walkout at the company’s headquarters in Veldhoven on Tuesday. The protest was organized in response to plans to cut 1,700 jobs, representing 3.8% of the workforce, as part of a broader reorganization. Union......
Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
German chemical giant BASF is reinforcing its long-term commitment to China through its largest-ever investment project, aiming to expand its footprint in the world’s biggest chemicals market. The company is currently developing a major chemical complex in Zhanjiang, a project estimated to cost......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
