Germany

EU Pays Germany EUR 1.75 Billion for LEAG’s Coal Exit

EU Pays Germany $ 1.9 Billion for LEAG’s Coal Exit

Germany said that the European Commission has agreed to compensate power company LEAG with up to$1.90 billion for deciding to move away from coal by 2038.

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Deutsche Bank

Germany’s Deutsche Bank, Commerzbank Assets Seized by Russian Court Over Gas Facility Contsruction Dispute

Two German banks in Russia had their assets seized by the court over a Baltic Sea gas project construction issue.

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Some Motorola, Lenovo Phones Now Banned in Germany — Here’s Why

Some Motorola, Lenovo Phones Now Banned in Germany — Here’s Why

A German district court recently ordered Lenovo to remove all of its Lenovo and Motorola devices from the German market after it favored InterDigital, the patent holder of its WWAN modules.

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Protesters Storm Tesla Factory in Germany, Sparking Clash With Police

Protesters Storm Tesla Factory in Germany, Sparking Clash With Police

A large group of protesters rallied against the expansion of a Tesla plant in Grünheide, near Berlin, resulting in confrontations with law enforcement on Friday.

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Fake Shops Propped by Chinese Scammers Stole Money, Personal Data from Over 850,000 People: Data Analysts

Fake Shops Propped by Chinese Scammers Stole Money, Personal Data from Over 850,000 People: Data Analysts

Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.

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Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States.

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Germany: Art Museum Fires Worker for Hanging His Own Painting in Exhibition in Bid to Make Breakthrough

Germany: Art Museum Fires Worker for Hanging His Own Painting in Exhibition in Bid to Make Breakthrough

A German art gallery terminated an employee for hanging his own artwork in an attempt at recognition and permanently barred him from the exhibition.

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HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe

HSBC is reportedly considering selling various business units in Germany.

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Germany's Scholz Defies Pressure, Refuses Taurus Missiles to Ukraine Amid Russian Interception

German Chancellor Scholz faces pressure over refusal to supply Taurus missiles to Ukraine amid Russian interception, sparking internal debate and international scrutiny.

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Volkswagen Shifts Strategy: Main Factory Will No Longer Produce ID.3 Electric Models

Volkswagen in Germany is shifting its production of the electric ID 3 to Zwickau plant due to low demand, focusing on optimizing resources and simplifying resources.

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Hugo Boss Projects Disappointing 2024 Despite Record-Breaking 2023; Shares Take Nosedive

Hugo Boss warned that client demand may decline, sending its shares tumbling 18%.

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Elon Musk's Tesla Plans to Expand Gigafactory in Germany Hit a Roadblock — Here's Why Locals Vote It Down

Residents of the Grünheide town in Brandenburg, Germany, have rejected plans by Elon Musk's electric carmaker, Tesla, to expand its factory in the municipality just outside Berlin in a non-binding vote.

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Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker

Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker

Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.

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Arnold Schwarzenegger Detained in Germany, Faces Criminal Tax Proceedings Over Luxury Watch

Arnold Schwarzenegger Detained in Germany, Faces Criminal Tax Proceedings Over Luxury Watch

Arnold Schwarzenegger was temporarily detained in Germany for failing to declare a luxury watch upon landing at Munich Airport.

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Germany Unemployment Rate Rises to Highest Since 2021

Germany's Unemployment Rate Rises to Highest Since 2021

Germany is reportedly grappling with an economic slowdown that is now impacting its labor market.

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