Stocks make recovery bid, hemmed in by weakening world economy
World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China.
ING shares dip 4% after earnings; provisions rise on inflation worries
ING Groep NV (INGA.AS) reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation on customers.
COVID curbs freeze Germany’s private sector growth in December – PMI
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
German chip chemical supplier to spend $1 bln in U.S., pairs with Palantir on supply chain data
A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies (PLTR.N) to solve chip industry supply chain problems.
BMW hits 1 mln EV sales, targets 2 mln fully electric sales by 2025
BMW (BMWG.DE) has sold its one millionth electric vehicle (EV) – including purely electric and hybrid vehicles – and plans to reach two million sales of purely electric vehicles by 2025, the German carmaker said on Tuesday.
Omicron vaccine warning triggers fresh global selloff
There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna (MRNA.O) warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant.
Column: German Greens shifting market calculus
Five months is a long time in German politics but a mould-breaking surge in support for the Green party ahead of September’s Federal election has markets crunching numbers to assess its likely role in the next ruling coalition. Record high German stock prices, soaring EU carbon permit prices and less negative German debt yields all […]
‘It’s my home’: the island activist who forced German climate action
If the North Sea island of Pellworm vanishes beneath the waves it will take with it the 300-year-old family farm of Sophie Backsen, 22, who last week won a court judgment forcing Germany to take swifter action to combat climate change. Backsen was one of a group of plaintiffs who challenged Germany’s 2019 climate law, […]
German prosecutors charge more VW managers in emissions scandal
German prosecutors have charged 15 executives from Volkswagen AG (VOWG_p.DE) and a car supplier in connection with the diesel emissions scandal that emerged in 2015, a spokesman for the prosecutor’s office said on Saturday.
