Brexit hit the German economy prospects
The Brexit is a huge burden on the German economy and is expected to cost half a percent of economic growth if the British leave the EU without…
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Infineon revises profit forecast on weak China sales
The German chipmaker Infineon has cut his expectations for this year. The company attributes the adjustment, among other things, to the weak performance in the Chinese car market.…
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Steel glut led to market stall
Steel companies continue to invest in new factories, but the demand for steel does not keep pace. This threatens large overcapacity in the sector, warns the Organization for…
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Unilever competes for Nestlé skin care branch
Unilever and Colgate-Palmolive are in the race to take over the skin care branch from industry partner Nestlé. L’Oreal would have already dropped out, but several investment companies…
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Brussels: after eight ‘No’ now a single ‘Yes’ is needed
The EU has heard eight “no’s” and now needs a “yes” from London to move forward with the Brexit. This was said by a spokesman for the European…
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Another year of losses for Lloyd’s
Lloyd’s suffered a loss for the second year in a row last year. The oldest insurance company in the world suffered from natural disasters such as hurricanes, a…
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In IT, Innovation and Startups
Spotify to purchase Arcast
Spotify is taking another step on the market for podcasts – digital talk shows. The Swedish music streaming company has signed an agreement of acquisition of Arcast, which…
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