Audi cuts 2026 revenue forecast as second-quarter profit falls and margins tighten Audi revenue forecast trimmed to €58–63bn; Q2 after-tax profit down 21% to €563m as China and US demand …
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Business
Volkswagen posts 32.9% Q2 profit drop, downgrades revenue outlook
by Leo Müllerby Leo MüllerVolkswagen profit plunges 32.9% in Q2 2026 to €1.54bn Volkswagen profit fell 32.9% in Q2 2026 to €1.54bn, prompting a revenue outlook cut to -3% for 2026 while keeping the …
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Technology
IBM misses earnings and revenue, shares plunge 25% in largest daily drop since 1987
by Helga Moritzby Helga MoritzIBM stock plunges nearly 25% after quarterly revenue and EPS miss IBM stock plunged nearly 25% at the U.S. open after IBM reported Q2 revenue of $17.2 billion and adjusted …
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Business
GdW warns German housing completions will drop to 200,000 in 2026
by Leo Müllerby Leo MüllerHousing construction in Germany set to fall sharply, GdW warns of 2026 shortfall GdW says housing construction in Germany will drop to ~200,000 completions in 2026 vs a 320,000 need, …
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Business
Oil price drop after US-Iran framework deal eases German fiscal strain
by Leo Müllerby Leo MüllerU.S.-Iran Framework Agreement Eases Markets but Leaves Economic Risks Intact Markets eased briefly after a U.S.-Iran framework agreement, lowering oil prices; economists warn repairs and supply measures are needed as …
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Business
German automakers post Q1 revenue drop while US and Japanese rivals rise
by Leo Müllerby Leo MüllerGerman automakers suffer 4.3% Q1 revenue drop as US and Japanese rivals gain ground, EY analysis shows EY analysis: German automakers recorded a 4.3% revenue decline in Q1 2026 while …
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German fuel prices fall in May after tankrabatt and weaker crude oil push pump costs down German fuel prices fell in May after the government’s temporary tankrabatt and lower crude …
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Business
German export expectations drop sharply in May as ifo reveals
by Leo Müllerby Leo MüllerGerman export expectations slide to -5.5 in May 2026 as ifo signals growing pessimism German export expectations fell to -5.5 in May 2026, the ifo Institute reports, as geopolitical risks …
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Business
German housing completions drop 18 percent to lowest level since 2012
by Leo Müllerby Leo MüllerHousing construction in Germany plunges to lowest level since 2012 as completions fall to 206,600 Housing construction in Germany fell to 206,600 completed homes in 2025, an 18% drop from …
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Eintracht Frankfurt held to 2-2 draw as Stuttgart clinches Champions League spot Eintracht Frankfurt draw 2-2 with Stuttgart as VfB clinch Champions League; match delayed by pyrotechnics, two fans injured …