FRANKFURT (Reuters) - General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. conglomerate.
General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. ...
With positive signals coming from the US-Iran nuclear talks, the gas-rich Middle Eastern country is piquing the interest of Western industrial nations. To be ready when the economic embargo is lifted, Switzerland is increasing contact with the Islamic Republic.
“For six months there’s been a constant stream of European representatives in Iran,” says Suhail el Obeid, a Middle East expert at Swiss Global Enterprise, a Swiss foreign trade promoter.
He says interest in the Iranian market has been growing since the beginning of the year.
FRANKFURT (Reuters) - Struggling German carmaker Opel, a unit of General Motors , has set itself the ambitious target of hitting the 1 billion euro ($1.33 billion) profit mark from 2016, Chief Executive Karl-Friedrich Stracke said in an employee newsletter.
German Economy Minister Rainer Bruederle said Friday that a switch from nuclear power to alternative forms of energy could cost Europe's top economy up to two billion euros ($2.9 billion) per year."It could be one to two billion euros," the minister told German radio, cautioning that a precise figure was "difficult to estimate."Citing internal government projections, the Sueddeutsche Zeitung daily earlier reported the costs would be three billion euros annually. "That order of magnitude seems a little high to me," countered Bruederle.
Farmers in Bavaria have launched a fresh attempt to stop their land being used for the 2018 Winter Olympics, potentially jeopardising Munich's bid to host the games, a newspaper report said Tuesday.Fifty-nine farmers in Garmisch-Partenkirchen, Munich's proposed co-host for the Games, have written a joint letter to the Bavarian state government calling for the bid to be withdrawn, the Sueddeutsche Zeitung daily reported.
European Union Energy Commissioner Guenther Oettinger said German energy companies should hand over to the state at least half their profits accrued from extending the life of nuclear power stations.He was speaking in an interview with the daily Sueddeutsche Zeitung Saturday as German bosses and economic figures have lashed out at a government proposal to tax nuclear energy production.