Long working hours in Germany: 2.1 million people worked over 48 hours weekly in 2025 Germany’s Federal Statistical Office finds 2.1 million full-time employees worked overlong hours in 2025, highlighting …
Business
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Business
Infineon Wins Germany and US Patent Rulings but Loses China GaN Case
by Leo Müllerby Leo MüllerInfineon GaN patent dispute: Court wins in Germany and US, setback remains in China Infineon wins patent rulings in Germany and the US over GaN chips but faces a sales …
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Business
Tesla reports Q2 profit decline and revenue jump amid heavy AI spending
by Leo Müllerby Leo MüllerTesla Q2 results show mixed signal as earnings miss but deliveries surge Tesla Q2 results: adjusted EPS $0.33 vs $0.51 expected; revenue $28.24B driven by 480,126 deliveries, but free cash …
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Salzgitter Acquires Second-Largest Ruhr Steelworks and Plans 2,000 Job Cuts
by Leo Müllerby Leo MüllerSalzgitter to acquire Ruhr’s second-largest steelworks despite years of losses Salzgitter acquires the Ruhr region’s second-largest steelworks despite losses since 2023; CEO Gunnar Groebler defends the move amid 2,000 planned …
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Germany Unveils 26-Point Plan to Crack Down on Tax Evasion Germany’s finance and justice ministers unveiled a 26-point action plan to crack down on tax evasion, boosting prosecutors’ tools and …
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Business
Tesla posts higher deliveries but lower profit as Robotaxi rollout advances
by Leo Müllerby Leo MüllerTesla quarterly report: deliveries rise but profit slips as robotaxi rollout advances Tesla quarterly report shows stronger deliveries and robotaxi progress, but rising costs weighed on profit and the stock …
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Business
Germany Embraces AI Travel Tools as Cars Dominate Summer 2026
by Leo Müllerby Leo MüllerGerman summer 2026 travel: AI planning gains ground as cars and flights dominate NIM study: AI travel tools reshape German summer 2026 travel—14.4% use chatbots, cars lead at 63.2%, 18.6% …
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Business
Porsche launches cost-cutting package to cut 5,000 jobs, extends guarantee to 2035
by Leo Müllerby Leo MüllerPorsche job cuts: Sportscar maker to cut 5,000 roles at Zuffenhausen and Weissach, raising total reductions to about 9,000 Porsche job cuts: Porsche will cut 5,000 roles at Zuffenhausen and …
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Business
O2 Telefónica announces 1,100 job cuts and 60 shop closures in Germany by year-end
by Leo Müllerby Leo MüllerTelefónica Deutschland job cuts: O2 plans 1,100 layoffs and 60 store closures Telefónica Deutschland to cut 1,100 full-time roles at O2 and close 60 owned shops by year-end; restructuring costs …
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Business
Germany unveils startup strategy to tackle growth capital shortage
by Leo Müllerby Leo MüllerGerman start-up sector surges as government unveils 150-measure strategy to boost scale-ups Germany’s start-up sector posted a striking first-half rebound, prompting Chancellor Friedrich Merz and Economics Minister Katherina Reiche to …