German economy shrinks 5% on virus hit in 2020: official data
As dreary as the numbers were, the drop was smaller than many had expected, and a high savings rate suggested consumers could be ready to unleash a strong economic recovery when the lid finally comes off.
BioNTech boosts 2021 vaccine supply forecast to 2 billion doses, says company
A new factory in Marburg, Germany, is also expected to open in ...
Vistara to connect Frankfurt from next month
Frankfurt is Vistara’s second destination in Europe after London, United Kingdom. Subject to exi...
BMW aims at making 20 percent of its vehicles electric by 2023
"We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned," said the company's chief executive.
ECB to unveil yet another stimulus package
With fresh support measures already promised, only the details of the package remain up in the air. But the bottom line is clear: borrowing costs will be kept close to zero for years so that governments and firms can spend their way out of the biggest recession in living memory.
Lufthansa Cargo DB Schenker team up for first sustainable fuel flight
“This first CO2-neutral freight flight was made possible by a cooperation between DB Schenker and Lufthansa Cargo. The logistics service provider and the air freight company transported goods from Siemens Healthineers AG, among others, on this flight,” said a statement.
Amazon workers in Germany to go on strike on 'Black Friday', protest for better pay
Last week, Amazon bowed to government pressure in France to postpone its local Black Friday event by a week to help local shopkeepers struggling with a nationwide lockdown.
In a year of no trade fairs, Germany takes it hard
The pandemic forced organizers to scratch this year’s Hanover Fair as well as dozens of smaller events like VeggieWorld in Munich, the International Toy Fair in Nuremberg and Horse & Hunt in Hanover.
Moderna to charge $25-$37 for COVID-19 vaccine: CEO
On Monday, an EU official involved in the talks said the European Commission wanted to reach a deal with Moderna for the supply of millions of doses of its vaccine candidate for a price below $25 per dose.
Thyssenkrupp cuts another 5,000 jobs as losses deepen
The company, whose steelmaking roots go back more than 200 years, is struggling to emerge from the COVID-19 pandemic that hit it during a cool down of the global economy.
Vodafone towers unit expects higher core earnings ahead of listing
Consolidated earnings before interest, tax, depreciation and amortisation, adjusted for special factors (EBITDAal), are expected to come in at 530-540 million euros in 2021. In 2020, adjusted EBITDal was 523 million euros.
Deutsche Bank CEO says focusing on restructuring in 2021, not mergers
The German lender will focus on the bank's restructuring over the next year rather than on mergers.
Volkswagen CEO says Joe Biden victory would better suit carmaker's strategy
Presidential candidate Joe Biden moved closer to victory in the U.S. election as officials continued to tally votes in the handful of key battleground states that will determine the outcome.
Empty arenas, plexiglass protection for authors: How book fairs are held in post-Covid world
More than 4,400 exhibitors from over 100 countries have registered to take part virtually.
Air India cancels all Frankfurt flights till Oct 14 as Germany withdraws permission to operate them
The government officials said Thursday the airline has cancelled 10 Delhi-Frankfurt flights and two Bengaluru-Frankfurt flights that were scheduled till October 14.