Volkswagen deepens Rivian alliance as software venture gains momentum

Volkswagen executives said the company’s software partnership with Rivian is advancing on schedule, marking a major step in the German automaker’s effort to modernize its electric vehicle technology and streamline future vehicle platforms. Thomas Schäfer, chief executive of the Volkswagen brand, said the $5.8 billion joint......

British startup Humanoid to deploy 2,000 robots in factories

A British robotics startup has secured a large industrial agreement with German manufacturer Schaeffler to deploy up to 2,000 wheeled humanoid robots across global production sites by 2032. The deal marks one of the most extensive planned industrial deployments of humanoid robots to date and reflects accelerating investment in automation across......

German cabinet agrees to replace green heating law amid policy shift

Germany’s cabinet has agreed to replace a controversial heating regulation introduced in 2023 that required new building heating systems to rely heavily on renewable energy sources, marking a significant shift in the country’s climate and housing policy. The original legislation, widely known as the “Heating Law,”......

Iran conflict shifts summer travel toward trains and nearby destinations

Travel patterns across Europe are being reshaped as the Iran conflict and wider regional instability push passengers to rethink summer plans. Many travelers are not cancelling trips but adjusting them, choosing closer destinations, shorter stays, and more flexible bookings. Rail travel is gaining ground as aviation costs and uncertainty rise......

Germany must pull itself together, Merz tells unions amid growing political tension

German Chancellor Friedrich Merz urged the country to “pull itself together” during a tense address to trade union representatives in Berlin, warning that Germany risks falling behind in an increasingly competitive global economy. The speech, delivered at a national union congress, was met with jeers, whistles, and boos from parts......

Germany’s financial watchdog steps up AI inspections over rising cyber risks

Germany’s financial regulator has announced new targeted inspections across the banking and financial sector amid growing concerns over cybersecurity risks linked to rapid advances in artificial intelligence. The Federal Financial Supervisory Authority, known as BaFin, warned that cyber threats are becoming increasingly “substantial”......

“Money alone does not build ships,” TKMS CEO says on Rival Rheinmetall bid for GNYK

German naval shipbuilder TKMS AG & Co KgaA has reacted cautiously to a competing acquisition interest from defense group Rheinmetall AG in the German Naval Yards (GNYK), a key shipyard involved in naval construction projects. The CEO of TKMS, Oliver Burkhard, emphasized that financial strength alone is not sufficient in the highly specialized......

German property market continues recovery with 2.2% rise in first-quarter prices

German property prices continued their gradual recovery during the first quarter of 2026, with overall real estate values increasing by 2.2% compared to the same period last year, according to banking sector data. The latest figures suggest that Germany’s real estate market is stabilizing after a prolonged slowdown caused by rising......

Aspex increases stake in Delivery Hero, intensifying pressure on company leadership

Activist investor Aspex Management has increased its stake in German food delivery company Delivery Hero to around 15%, strengthening its influence over the company and increasing pressure on Chief Executive Officer Niklas Oestberg. The move follows the purchase of a 5% stake from technology investment group Prosus in a deal valued at approximately......

Germany rejects Putin’s proposal on Schroeder’s role in Ukraine peace talks

Germany has rejected a proposal made by Russian President Vladimir Putin suggesting that former German Chancellor Gerhard Schroeder could play a mediating role in potential peace talks between Russia and the European Union over the war in Ukraine. The statement comes amid ongoing tensions in Europe and renewed discussions about possible diplomatic......

Xiaomi hires former Tesla factory chief to lead its European electric vehicle push

Xiaomi has appointed two senior executives to steer its electric vehicle division through its next phase of development, pairing a company veteran with a former Tesla manufacturing leader as it prepares for its first international automotive sales. The moves signal that Xiaomi's ambitions in the global EV market have moved from aspiration......

Porsche to close three subsidiaries and cut more than 500 jobs

Porsche AG announced plans to close three subsidiaries and eliminate more than 500 jobs as part of a major strategic restructuring aimed at refocusing the luxury car manufacturer on its core automotive business. The decision was approved by the company’s executive board and supervisory board amid growing pressure on the global automotive......

Hostage situation underway at Bank in western Germany

A hostage situation is currently unfolding at a bank in the town of Sinzig in western Germany, according to local police authorities who have launched a major security operation in response to the incident. Police confirmed that several individuals are involved in the situation, including both hostage-takers and hostages inside the bank.......

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