A small Polish lemonade company will no longer sell its produce under the name John Lemon after a complaint from Yoko Ono, the widow of The Beatles singer John Lennon.
Merger talks between Deutsche Telekom’s US subsidiary T-Mobile and Sprint are close to completion, paving the way for a US cell phone operator with 130 million customers and sales of $70 billion. (Reuters)
In a disagreement about restructuring, Volkswagen’s supervisory board backed CEO Matthias Müller with the Porsche and Piëch families which hold 52 percent of VW’s shares.
Berlin will cap export credit guarantees for German companies doing business in Turkey to €1.5 billion in 2017, a move that exposes firms to higher risk, amid political tensions between the two countries.
Two entrepreneurs who lost the first round of a bidding war for the bankrupt Air Berlin said they considered legal action against the creditors’ decision to favor Lufthansa.
Amazon Germany introduced a controversial bonus scheme rewarding teams in which employees take few or no sick days. Doctors and labor law experts say the program could backfire. (N-TV)
The purchasing managers’ index for the industrial sector and service providers rose by 1.0 point to 56.7 points in September, according to IHS Markit on Friday, exceeding expectations. This suggests the euro zone’s GDP grew by 0.7 percent in the third quarter of 2017.
Varta, a maker of batteries for hearing aids and head seats, plans to enter the stock market this fall after an attempt failed last December in the aftermath of the election of Donald Trump, sources told WirtschaftsWoche.
Denmark contemplates introducing a highway toll in 2020, charging foreign motorists up to €130 euros a year. The scheme is based on Germany’s controversial road tax project.
Steel production at ThyssenKrupp was almost completely halted as employees went on strike against the planned merger with Tata Steel Europe.