Authorities arrested 11 people connected to a Nuremberg firm in a Germany-wide raid, accusing them of customs fraud related to importing Chinese solar panels. (dpa)
Leaders from across the EU meet in Brussels today and Friday to discuss trade, taxes, the US and Russia.
Dividends paid by DAX firms, Germany’s 30 largest listed companies, jumped by 15% in 2017 compared to the previous year, consultancy EY found. That’s an estimated total of €36.1 billion. (dpa)
Justice Minister Katarina Barley asked Facebook’s European bosses to meet her next week to discuss the data scandal. (Reuters)
Thanks to increased tax income, Germany will borrow €2 billion less in loans that anticipated, the federal finance agency reported.
A court has ordered Bosch to disclose communications about software it supplied to VW that enabled the carmaker’s emissions manipulation. The documents date back as far as 2007.
Ticket company CTS Eventim recorded revenue of more than €1 billion last year, up 25% on 2016. The Bremen-based firm is listed on the MDAX mid-cap index. (dpa)
Energy company EnBW surpassed €2 billion in earnings in 2017, after recording losses of €1.8 billion the year before. (Reuters)
The Markit Purchasing Managers’ Index for Germany dropped to an eight-month low of 55.4, probably because of a serious flu wave across the country in March.
ZF Friedrichshafen‘s new CEO, Wolf-Henning Scheider, plans to spend more than €2 billion on research and development on electric and autonomous vehicles in 2018. (Reuters)
The Ifo business climate index fell for the second month in a row, from 115.4 points to 114.7. The Munich-based economic research institute surveys 7,000 German managers each month. (Reuters)
Commerzbank is working on an international banking platform to serve EU clients, say insiders. (WiWo)
LinkedIn will open a second office in Germany this year, adding 20 workers in Berlin. The career social networking site has had an office in Munich since 2011. (WiWo)
A record €11.2 billion in solidarity taxes was redistributed from the richest German states to the poorest in 2017, 5.3% more than the previous year.
The latest addition to the Internet of Things: Truck tires made by Continental will keep track of pressure and temperature via Vodafone’s network to avoid flats and accidents. (dpa)
Little LED traffic light images of Karl Marx will soon guide pedestrians across streets in his birth place of Trier to honor the philosopher’s 200th birthday.
Germany’s blue-chip DAX index rebounded from a pre-market dip after the US Federal Reserve’s quarter-point interest-rate hike on Wednesday.