Nvidia earnings surge with $58 billion quarterly profit and $80 billion buyback Nvidia earnings jump as the chipmaker posts nearly $58 billion net income and $81 billion revenue, raising guidance …
Business
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Business
German finance ministry prepares subsidy cuts to fund income tax reform
by Leo Müllerby Leo MüllerGermany Weighs Subsidy Cuts to Fund Income Tax Reform, Working Group Reportedly Targets €5 Billion Germany weighs subsidy cuts to fund an income tax reform; a Federal Finance Ministry working …
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Business
UniCredit takeover bid sparks Wiesbaden protests over potential 23,000 job cuts
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests as employee cuts loom Commerzbank shareholders met in Wiesbaden amid protests over the proposed UniCredit takeover of Commerzbank, with staff warning the deal could …
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Business
IEA projects EV transition will cut road transport emissions by 1,000 Mt by 2035
by Leo Müllerby Leo MüllerIEA: Electromobility Could Cut Road Transport Emissions by About 1 Billion Tonnes by 2035 IEA projects electrification could reduce road-transport greenhouse gases by ~1 billion tonnes by 2035; Germany’s new …
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Business
German hospitality revenue falls to lowest since spring 2022 despite VAT cut
by Leo Müllerby Leo MüllerGerman hospitality revenue tumbles to lowest level since spring 2022 German hospitality revenue fell to its lowest level since spring 2022 in March, with price‑adjusted turnover down 5.2% year‑on‑year, driven …
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Business
Germany’s building modernization bill allows oil and gas heaters, lets states decide
by Leo Müllerby Leo MüllerGerman building modernization law advances after cabinet clears draft allowing oil and gas installations New draft of the building modernization law would let oil and gas heating be reinstalled, while …
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Business
Electric vehicle purchase subsidy launches in Germany with 17,000 applications
by Leo Müllerby Leo MüllerGermany’s electric car purchase subsidy draws nearly 17,000 applications in first day Nearly 17,000 applications hit Germany’s nationwide electric car purchase subsidy in 24 hours; up to €6,000 per private …
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Business
Germany launches electric car purchase bonus offering up to €6,000, 17,000 applications
by Leo Müllerby Leo MüllerGermany’s Electric Car Subsidy Draws 17,000 Applications Within 24 Hours Germany’s electric car subsidy drew nearly 17,000 applications in the first 24 hours after launch, signalling strong consumer interest in …
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Business
EU Approves US Trade Deal with 15 Percent Tariffs on European Goods
by Leo Müllerby Leo MüllerEU–US trade deal approved by EU institutions despite sharp tariff imbalance EU–US trade deal approved by EU institutions; agreement offers planning certainty but leaves European exporters facing higher tariffs and …
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Business
Commerzbank employees protest UniCredit takeover ahead of AGM, warn of mass layoffs
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests in Wiesbaden as job-cut fears mount Wiesbaden protesters warn the UniCredit takeover of Commerzbank could trigger mass job cuts, after reports UniCredit did not …