Melissa Eddy
Posts
Volkswagen Will Invest $193 Billion in Electric Cars and Software
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
Adidas Wants to Move On but Still Has $1.3 Billion in Yeezy Sneakers
After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”
BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
China’s Leading Electric Carmaker Has Arrived in Germany
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract...
Lufthansa Cancels Flights After Cable is Cut During Construction Work
A cable cut during construction knocked systems offline for Lufthansa, Germany’s leading carrier, stranding thousands of travelers at Frankfurt Airport and elsewhere.
Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins
Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
Inflation Eases Slightly in Germany and Spain
The pace of consumer price gains in the two countries eased in November, the latest in a series of indications that their economies might suffer...
Adidas Lowers Earnings Forecast After Dropping Kanye West
The German sportswear company slashed its yearly forecast after dropping the popular Yeezy line over hate speech by its creator, Kanye West.
With Recession Looming, Big European Economies Still Show Some Growth
Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
Three Inquiries, but No Answers to Who Blew Holes in Nord Stream Pipelines
Denmark, Germany and Sweden are all investigating the ruptured pipeline sites, but they remain tight-lipped over who might have caused the damage and why.