Business
Major food delivery companies Uber and DoorDash are reportedly exploring the possibility of a takeover bid for German delivery platform Delivery Hero as competition intensifies in the global food delivery sector. According to financial media reports, the two American companies have initiated preliminary......
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......
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......
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......
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......
Thyssenkrupp has announced a pause in its negotiations with Jindal Steel International over the potential sale of its steel division, signaling a setback in the company’s ongoing restructuring strategy. The discussions, which had been underway for several months, were aimed at exploring a possible......
A proposed increase in U.S. tariffs on imported European vehicles could significantly impact Germany’s economy, according to recent estimates by a leading economic institute. The measure, which targets cars and trucks from the European Union, is expected to weigh heavily on Europe’s largest......
The German lender Commerzbank is reportedly preparing additional job cuts as part of an updated strategic plan, according to media reports, while facing renewed takeover pressure from Italy’s UniCredit. The financial newspaper Handelsblatt reported that the scale of the planned workforce reductions......
Global financial institution Citigroup has appointed Henning Wagner, previously of Deutsche Bank, as its new Head of Private Company Coverage for Germany and Austria, according to an internal memo reported by Reuters. Wagner is expected to join Citi in the third quarter of the year, where he will focus......
German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His......
German toy manufacturer Playmobil is preparing to open its first factory outlet store in France, marking a new step in its retail expansion strategy. The store will be located near the city of Troyes, within a shopping outlet known for attracting bargain-seeking customers. The new retail space, covering......
Dutch airline KLM Royal Dutch Airlines has announced the cancellation of 160 flights across Europe over the coming month, citing rising fuel costs as the primary reason for the decision. The move reflects increasing pressure on airlines as operational expenses continue to climb. KLM, part of the broader......
British recruitment firm Hays has reported a decline in its net fees for the third quarter, reflecting continued weakness in hiring demand, particularly in Germany, its largest market. The company recorded an 8% drop in net fees, highlighting the ongoing challenges faced by the recruitment sector across......
