“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.......

Germany’s OHB considers legal challenge over planned EU satellite merger

German satellite manufacturer OHB SE has indicated it may pursue legal action if European Union regulators approve a major satellite merger involving Airbus, Thales, and Leonardo. The planned deal, announced in October under the code name “Project Bromo,” aims to combine the satellite manufacturing divisions of the three aerospace......

Fes sacred music festival honors 70 years of Morocco-Germany diplomatic ties

The Fes Festival of World Sacred Music has chosen Germany as its country of honor for the 29th edition, marking seven decades of diplomatic relations between Morocco and Germany. The partnership, established in 1956 just weeks after Moroccan independence, is being commemorated through a shared cultural event organized in collaboration with......

Germany faces budget pressure after tax revenue forecast cut

Germany is facing increasing financial pressure after the country’s council of tax experts lowered its forecast for tax revenues between 2026 and 2030. The revised estimates are expected to place additional strain on the federal budget at a time when the government is already dealing with slower economic growth, rising defence expenses......

German automotive supplier opens 28 million euro plant at Tanger Med, creating 900 jobs

Germany-based automotive supplier SFC Automotive Solutions has inaugurated a new industrial facility within the Tanger Med industrial zone, adding a significant investment to Morocco's rapidly expanding automotive sector. The ceremony brought together Morocco's Minister Delegate in charge of Investment and Evaluation of Public Policies,......

Germany: over 600 police officers raid Neo-Nazi youth crime groups across 12 states

German authorities have deployed more than 600 police officers in coordinated raids targeting suspected neo-Nazi youth criminal groups across 12 federal states, marking one of the largest recent operations against far-right extremism in the country. Federal prosecutors confirmed that around 50 properties were searched on Wednesday as part......

Three US states monitor residents who traveled on hantavirus cruise ship as Andes strain confirmed

Health authorities in at least three American states are monitoring residents who were aboard the MV Hondius, the Dutch expedition cruise ship at the center of a deadly hantavirus outbreak that has killed three passengers and left several others seriously ill during an Atlantic crossing. None of the individuals under surveillance are showing......

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