Adidas posts stronger-than-expected Q1 2026 as World Cup campaign lifts outlook Adidas surged in Q1 2026 with €6.6 billion revenue and a 15.5% rise in operating profit, keeping full-year guidance …
Business
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Business
Klingbeil’s German Budget 2027 Faces Criticism Over 200 Billion Euro Borrowing
by Leo Müllerby Leo MüllerKlingbeil budget 2027 draws fire as Germany’s borrowing nears €200 billion Lars Klingbeil’s budget 2027 blueprint is criticized for soaring borrowing, rising debt service and fiscal gaps projected to reach …
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Business
German economy slowed by Iran war as DIW warns energy costs rise
by Leo Müllerby Leo MüllerGerman economy’s recovery cools as DIW barometer flags Iran conflict impact German economy shows only a slight April rise in DIW barometer; energy costs and uncertainty from the Iran war …
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Business
Battery storage firm Fenecon warns Minister Reiche’s remarks unsettle German energy market
by Leo Müllerby Leo MüllerBavarian Firm Fenecon Scales Battery Storage from Used Car Batteries, Owners Criticize Minister Reiche Fenecon builds battery storage systems from second‑life car batteries in Lower Bavaria, driving local growth while …
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Business
ifo Institute warns German companies plan biggest layoffs since May 2020
by Leo Müllerby Leo MüllerJob cuts in Germany accelerate as ifo barometer falls to lowest since May 2020 Job cuts in Germany rise as the ifo employment barometer falls to 91.3 – the lowest …
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Business
Mercedes Q1 2026 auto profit plunges 47% to €933m amid China slump
by Leo Müllerby Leo MüllerMercedes Q1 2026 results: Automotive EBIT plunges 47% to €933m as deliveries and China sales slide Mercedes Q1 2026 results: automotive EBIT fell 47% to €933m as sales dipped and …
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Business
Germany housing shortage: new book finds 1.4 million homes missing
by Leo Müllerby Leo MüllerHousing shortage in Germany widens: 1.4 million homes missing and 900,000 social units short Germany faces a housing shortage of about 1.4 million homes and a 900,000 social housing gap, …
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Business
Cohere announces acquisition of Aleph Alpha, Schwarz Group pledges €500 million
by Leo Müllerby Leo MüllerCohere acquires Aleph Alpha in late April 2026, creating a transatlantic enterprise AI player Cohere acquires Aleph Alpha in late April 2026, a deal that will give Cohere majority control …
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Business
Volkswagen signals Osnabrück plant shift to military transport production from 2027
by Leo Müllerby Leo MüllerVW Osnabrück to End Volkswagen Group Production, CEO Signals Shift Toward Defence Work Volkswagen will stop producing Group vehicles at the Osnabrück plant from 2027, CEO Oliver Blume says, as …
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Business
Airbus Reports 52 Percent Drop in Q1 Adjusted EBIT Amid Engine Shortages
by Leo Müllerby Leo MüllerAirbus reports 52% drop in Q1 adjusted EBIT as deliveries stall Airbus Q1: adjusted EBIT down 52% to €300M as Pratt & Whitney engine shortfalls and A320 fuselage defects cut …