Tens of thousands of German auto workers protest to save jobs
Frankfurt, Germany: German automotive workers held nationwide protests on Monday, calling for government and management action to protect jobs and factories as the car industry hits crisis point. Growing Chinese competition, compounded by weak domestic demand and US tariffs, has thrown the German c»»»
Germany's auto crisis: Will the 35-hour workweek survive?
BusinessGermanyGermany's auto crisis: Will the 35-hour workweek survive?Srinivas MazumdaruGerman carmakers want employees to work 40 hours instead of the current 35 without extra pay, arguing it would improve competitiveness. Unions strongly oppose the proposal and view it as an attack on workers' »»»
Are electric cars really bad for the environment?
Nature and EnvironmentGermanyAre electric cars really bad for the environment?Martin KueblerSome German politicians are calling for a delay to the EU plan to phase out gas-powered vehicles, saying cars must be judged on the entire carbon footprint. But the full picture still says EVs are more clima»»»
ECHO Elderly Care invests EUR 1.3 million in AsertivO center modernization, opening September 23
ECHO Elderly Care, a national platform offering services for seniors, is investing 1.3 million euros in the modernization of the AsertivO center in Otopeni and will open its doors on September 23. From a center with over 10 years of experience to a national network: ECHO presents its care model and»»»
Government Invests over EUR 14 Million in Renovation, Expansion of Schools, Kindergartens, Student Dormitories
More than EUR 14 million has been allocated by the Government for the construction and renovation of schools, nurseries and kindergartens, the creation of sports grounds and gymnasiums, as well as the renovation of student dormitories, the Cabinet's press service said on Thursday. The activities ar»»»
Reţele Electrice România prepares a RON 123.5 million project to modernize Cetate substation in Timișoara
Of the project’s total value, approximately 65.1 million lei (excluding VAT) is attracted in the form of co-financing provided from the Sustainable Development and Just Transition Program, as a result of the contract signed with the Ministry of Investments and European Projects. The substation’s cu»»»
Top Lac invests €1 million in next-generation automotive refinishing technologies
At this year’s Automechanika Frankfurt, process automation and the use of artificial intelligence in the robotisation of refinishing operations were among the technologies showcased to the industry. The solutions presented are designed to increase the precision and efficiency of the refinishing pro»»»
Hidroelectrica invests RON 296.8 mln in Iron Gates II BESS
Hidroelectrica will invest RON 296.8 million in a large-scale battery storage facility at the Iron Gates II hydropower plant, a 64 MW installation with 434.76 MWh of storage capacity, set to become the company's biggest storage project to date. The contract was awarded to Synergy Construct followin»»»
Merz cancels UN trip amid election loss and sinking approval
German Chancellor Freidrich Merz has reportedly canceled his planned trip to the UN General Assembly in New York, as his political future hangs in the balance after a landslide loss to the right-wing AfD in state elections.Merz was scheduled to travel to New York next week, where high-level meeting»»»
Sheikh Hamdan meets first graduates of Dh1.1 billion scholarship, hails Emirati future leaders
New Emirati graduates poised to power Dubai’s knowledge economy and D33 agenda Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, met with the first cohort of graduates fr»»»
Nigeria's Dangote refinery launches biggest African IPO
Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over i»»»
Dangote refinery launches Africa’s biggest IPO for retail investors
Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over i»»»
Tata Sons has resisted an IPO for years. The pressure is closing in
A rejected waiver puts fresh pressure on the heart of the $185 billion Tata empire Dubai: India’s central bank is said to have rejected Tata Sons Pvt.’s plea to get a waiver from a regulatory rule that requires it go for a public listing. Get updated faster and for FREE: Download the Gulf News app »»»
Tusk says EU can forget about global competitiveness at current energy prices
The EU can forget about competitiveness while energy prices remain prohibitively high, Polish Prime Minister Donald Tusk has warned, urging Brussels to avoid policies that push costs higher. Tusk spoke on Thursday at a press conference of the Visegrad Four (V4) – Poland, Hungary, Slovakia, and the »»»
UAE to invest 40b euros in Germany, including for data centres — Berlin
BERLIN — The leader of the United Arab Emirates was on a state visit to Germany on Thursday that resulted in a promise to invest 40 billion euros ($46.5 billion) into Europe's top economy.The money would partly pay for data centres with a capacity of up to one gigawatt, Berlin said, and an "Investm»»»
Qatar Investment Authority Invests in Positron AI's Series C Financing
Doha-Nevada: Qatar Investment Authority (QIA) today announced its participation in Positron AI's USD 875 million Series C financing, which values the AI inference hardware company at USD 5 billion. The financing was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Jim Clark»»»
Berlin slams Kiev for not buying German guns
German Foreign Minister Johann Wadephul has criticized Kiev for failing to spend enough of its Western-provided procurement money on German weapons, arguing that the country’s massive support for Ukraine should at least benefit its defense industry. Germany is one of Ukraine’s largest bilateral sup»»»
Croatia invests €5.2bn in water management as climate risks grow
Croatia has invested €5.2bn in water management since 2016 as climate change brings more frequent droughts and floods and increases pressure on water resources, Prime Minister Andrej Plenković said on September 8. Plenković said climate change was changing the country's approach to water management»»»
IHC to acquire 80% of Marlan Space, expanding UAE satellite and deeptech footprint
Deal adds satellites, AI-enabled Earth observation and advanced manufacturing Dubai: IHC is moving to acquire an 80% stake in the holding company behind UAE-based Marlan Space, giving the Abu Dhabi investment group a majority position in a business spanning satellite manufacturing, Earth observatio»»»
Plovdiv Factories Export to More than 100 Countries, Regional Governor Says
Dozens of factories in Plovdiv produce goods exported to more than 100 countries, making the region Bulgaria's industrial heart, Plovdiv Regional Governor Georgi Yanev said on Tuesday. Yanev spoke at the opening of an expansion of the high-tech plant operated by ZS Europe, located in the Maritsa In»»»
Business - Volkswagen's Osnabrück plant to switch from cars to defence
Crisis-hit Volkswagen has struck a preliminary deal to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital. From mid-2027, the iconic factory is expected to start producing equipment for Rafael Advanced Defence Systems, the company behind the»»»
Prime Minister Radev Opens Production Capacity Expansion at ZS Europe, near Plovdiv
Prime Minister Rumen Radev officially opened on Tuesday the production capacity expansion at the high-tech plant of ZS Europe, located in Maritsa Industrial Zone, in the village of Radinovo, part of the Trakia Economic Zone. The project is the result of a strategic decision by Chinese company Shang»»»
Former Slovak police chief warns Hungary's asset recovery office: ‘2 years should be enough for accountability’
Former Slovak police chief István Hamran has criticised the head of Hungary’s newly established National Asset Recovery and Asset Protection Office (NVVH), saying it is unacceptable to suggest that no legally final corruption convictions can be expected for six years. Hamran, who led Slovakia’s pol»»»
Two killed after vehicle carrying border guards overturns at night in Issyk-Kul - | 24.KG
A traffic accident involving three servicemen from Karkyra border outpost of military unit No. 2028 occurred in Tyup district of Issyk-Kul region at around 1 a.m. on September 7. Sources in law enforcement agencies told 24.kg news agency. According to preliminary information, a Volkswagen Golf 3 ve»»»
Jaguar Land Rover to cut 4,000 jobs as European car sector hits skids
London: Jaguar Land Rover said Monday that it would cut "around 4,000 roles over the next two years", or about ten percent of its global workforce, in a further blow to Europe's automobile industry. The company revealed its voluntary redundancy scheme just days after the German car giant Volkswagen»»»