Economy: ROUNDUP 2 / demand fall: Zalando lowers targets

BERLIN For now, it seems that the days when Zalando’s online clothing store was able to impress with double-digit growth rates are gone. High inflation, fears of a recession and gloomy sentiment among many consumers are currently weakening the Dax group. Now, the company – which continued to be one of the biggest winners during … Read more

Corporations are demanding faster pace towards a hydrogen economy

Green Hydrogen Production Plant in Puertollano, Spain Industry needs green hydrogen to be able to produce in a climate-neutral way. (Photo: Bloomberg) Berlin A group of German corporations, together with the Australian hydrogen pioneer Fortescue Future Industries (FFI), are campaigning for a much faster development of the hydrogen value chain. The group, which describes itself … Read more

Close the gender pay gap

Pilot project in Allianz Payment injustices should be detected and eliminated. (photo: dpa) Düsseldorf Allianz takes the issue of equal pay for men and women for equal work seriously – right up to the management level. As part of the pilot project, the German subsidiary of the Dax group will check about 25,000 employees for … Read more

Benjamin Jones: “Huge market failure in innovation”

Berlin 3.5 percent of economic output is the minimum government spending on research in Germany. For economist Benjamin F. Jones, however, the federal government’s target limit is far from sufficient. “Definitely the state invests far too little in innovation,” Jones told Handelsblatt. The three percent rate would have to be “easily doubled,” says a researcher … Read more

Deutsche Bahn can and must improve

BERLIN Federal Transport Minister Volker Wissing sees an urgent need to act at Deutsche Bahn to ensure a more reliable operation for the millions of passengers and freight train customers. “It cannot remain as it is at the moment. The railroad can and must be better, ”the FDP politician told the German Press Agency. He … Read more

Deutsche Bahn can and must improve

BERLIN Federal Transport Minister Volker Wissing sees an urgent need to act at Deutsche Bahn to ensure a more reliable operation for the millions of passengers and freight train customers. “It cannot remain as it is at the moment. The railroad can and must be better, ”the FDP politician told the German Press Agency. He … Read more

Siemens Energy wants to eliminate 30 percent of management positions

Munich, Madrid With the consistent restructuring of Siemens Gamesa’s wind energy subsidiary, leaner structures and greater transparency, Siemens Energy Group wants to regain investor confidence. “We want to become faster, more flexible and more customer-oriented,” said CEO Christian Bruch on Tuesday. In particular, Siemens Energy plans to cut 30 percent of previous management positions. In … Read more

Siemens Energy wants to eliminate 30 percent of management positions

Munich, Madrid With the consistent restructuring of Siemens Gamesa’s wind energy subsidiary, leaner structures and greater transparency, Siemens Energy Group wants to regain investor confidence. “We want to become faster, more flexible and more customer-oriented,” said CEO Christian Bruch on Tuesday. In particular, Siemens Energy plans to cut 30 percent of previous management positions. In … Read more

Siemens Energy is offering four billion euros for the complete acquisition of Siemens Gamesa

Düsseldorf, Frankfurt, Munich Following the announced full acquisition of Siemens Gamesa (SGRE), Siemens Energy intends to vigorously pursue the restructuring of its loss-making subsidiary. The Munich-based energy technology group is offering a good four billion euros for a complete takeover of the Spanish company and hopes to finally tackle the current challenges in the renewable … Read more