Siemens Energy withdraws from hydropower JV with Voith

Siemens Energy plant in Mülheim-Ruhr Siemens Energy announced on Friday that it had agreed not to disclose the purchase price for 35 percent of the shares in the specialist for hydroelectric power station generators. (Photo: imago images/Udo Gottschalk) Düsseldorf The energy technology group Siemens Energy is withdrawing from the joint venture Voith Hydro and is […]

Economy, trade & finance: Renault is more confident

Renault had made a record loss of 8 billion euros in the Corona crisis in 2020. The pandemic exacerbated existing home-made problems – de Meo had started to get the French returns back on track. The increasing car prices on the market are accommodating the car manufacturer, de Meo expects further price increases. The lack […]

Tchibo should become younger, more digital and more sustainable

Michael (left) and Wolfgang Herz The brothers’ families each hold around 40 percent of the Maxingvest Holding. (Photo: Tchibo (2), dpa) Hamburg The heart of Tchibo beats on Überseering in City Nord, a Hamburg retort office district from the 1960s. The nested headquarters of the trading company also houses a Tchibo branch. It is well […]

Highlighters and backpacks are turning things around for Schwan-Stabilo

Munich The trend in industry is currently towards focus. Corporations like Siemens, General Electric and Toshiba have split up or have presented plans for it. But for the family business Schwan-Stabilo, the broader lineup has paid off in the pandemic. Because Stabilo stationery and Deuter backpacks provided enough money to convert the cosmetics division. “External […]

In this way, you can earn money with your e-car on the side

E-Charging Station From next year, e-mobilists can secure a premium. (Photo: obs) Düsseldorf Anyone who buys an electric car not only benefits from a purchase bonus: From January 2022, one can even earn money with electric cars every year. Because private individuals and fleet operators save CO2 with electric cars. You can have these saved […]

Ryanair: says goodbye to the London Stock Exchange, Brexit effect – Economy

Ryanair’s management is considering a farewell to the London Stock Exchange as a result of a “significant reduction in trade” during the year and in line with a “general trend in trading on shares of EU companies after Brexit”. This is stated in a note which states that “Euronext Dublin’s primary listing on the regulated […]

These companies come out of the crisis stronger than before

Düsseldorf As the coronavirus spread across the globe in 2020, it was accompanied by a management style that infected companies at a similarly rapid pace. “Drive on sight” was suddenly the strategic motto in many executive floors. Which was ultimately a euphemism for reassessing the situation from day to day in order to react quickly […]

Verdi calls for a company collective agreement because of Saturday work

Commerzbank Jörg Hessenmüller is the fourth member of the Management Board to leave Commerzbank within a year. (Photo: Reuters) Frankfurt The Verdi union is demanding extensive assurances for employees when the Commerzbank is being rebuilt. “We asked Commerzbank to negotiate a company collective agreement in addition to the industry collective agreement,” Verdi union secretary Stefan […]

Rethinking corporate governance to make the climate transition a success

Since the Paris Agreement in 2015 forced countries, and by extension society as a whole, to limit global warming, we have seen a growing commitment from governments and businesses. For companies, setting carbon reduction targets or plans to align their activities with the Paris Agreement has become an obligation, either because it is in their […]

Lufthansa is permanently closing lounges at some airports

Lufthansa planes in Frankfurt Aviation is one of the industries hit particularly hard by the consequences of the corona pandemic. (Photo: Reuters) Frankfurt For Lufthansa frequent flyers, traveling will be less comfortable in the future. The Lufthansa lounges in Bremen, Dresden, Cologne / Bonn, Leipzig and Nuremberg as well as Delhi will remain permanently closed, […]