German government rejects UniCredit in Commerzbank takeover standoff Germany’s finance agency refuses UniCredit’s exchange offer, blocking a Commerzbank takeover bid and defending the bank’s independence and jobs in Frankfurt. The …
Leo Müller
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Business
Canada to name preferred bidder for 12 submarines in C$60bn deal
by Leo Müllerby Leo MüllerCanada submarine contract decision expected late June as TKMS and Hanwha vie for preferred-bidder status Canada submarine contract decision nears: Ottawa will name a preferred bidder for 12 patrol submarines, …
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Business
Ifo Institute Proposes Cutting Parental Allowance and Indexing Pensions to Inflation
by Leo Müllerby Leo MüllerIfo Institute Proposes Elterngeld Income Cap Cut to €50,000 in Budget-Saving Study Ifo Institute report recommends lowering the Elterngeld taxable-income cap to €50,000, tying pensions to inflation and cutting subsidies …
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Business
EU weakens sustainability reporting as China tightens CSR rules and gains ground
by Leo Müllerby Leo MüllerEU Eases Sustainability Reporting as China Tightens CSR Rules, Raising Global Competition Concerns EU’s decision to scale back sustainability reporting obligations contrasts with China’s new CSR mandates for listed companies, …
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German grid operators reveal 30% average return in 2024, BNE demands reform
by Leo Müllerby Leo MüllerGerman distribution network operators earned a 30.1% average return on equity in 2024, BNE analysis shows BNE analysis finds Germany’s 18 largest distribution network operators earned a 30.1% average return …
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Business
Isar Aerospace Cancels Second Spectrum Test Flight After Liquid System Irregularities
by Leo Müllerby Leo MüllerIsar Aerospace launch aborted at Andoya after liquid-system anomaly, fourth failed test since January Isar Aerospace launch aborted at Andoya after liquid-system anomaly; fourth failed test since January, yet the …
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Remote work, not AI, linked to lower entry-level hiring in two studies Two studies suggest remote work, not AI, is reducing entry-level hiring. Experts assess causes and employer steps to …
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Business
AI skills could replace university degrees at some German firms, ifo finds
by Leo Müllerby Leo MüllerAI Replacing University Degrees: Ifo Survey Finds Growing Employer Confidence in AI Skills Ifo survey: About one in five German firms say AI could replace university degrees in some roles, …
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Business
German government rejects UniCredit takeover bid for Commerzbank over low premium
by Leo Müllerby Leo MüllerGerman government rejects UniCredit takeover offer for Commerzbank Germany’s finance agency says the federal government will not accept UniCredit’s takeover offer for Commerzbank, citing insufficient premium and strategic concerns. The …
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Business
AI skills may replace university degrees in German firms, survey reveals
by Leo Müllerby Leo MüllerAI skills trump university degrees, Ifo survey shows Companies report AI skills can replace formal qualifications, but most remain cautious about substituting experience for AI-assisted hires. (155 characters) A new …