Business

The automotive industry is undergoing a profound transformation, and it is now affecting suppliers like ElringKlinger. The company has decided to sell...

The German textile recycling company Soex, based in Bitterfeld-Wolfen, has filed for bankruptcy. More than 460 employees are affected, though the business...

The beloved Essen restaurant "Schiffers im alten Löwen" is set to close by the end of the year. In the meantime, guests...

The European Union is moving forward with compensatory tariffs against China, despite opposition from German Chancellor Olaf Scholz. German automakers express serious...

After 118 years of operation, automotive supplier Recaro is shutting down production and undergoing liquidation. The traditional car seat manufacturer, known for...

German rapper Badmómzjay has partnered with Telekom to promote new youth-targeted mobile plans. The 22-year-old artist, known for her authenticity and connection...

The traditional Osnabrück-based chocolate and confectionery specialist Leysieffer has filed for bankruptcy for the third time since 2019. Despite marketing their "finest...

BASF's new CEO, Markus Kamieth, has committed to investing billions in the company's main site in Ludwigshafen. Despite this investment pledge, the...

British fintech company Revolut has announced plans to become a leading direct bank in Germany, targeting to more than double its private...

Coca-Cola has announced plans to close five production and logistics sites in Germany by 2025, affecting over 500 jobs. The food and...

Traditional bakery Sternenbäck has announced the closure of its Hechingen production site by the end of 2024 amid a new insolvency proceeding....

More people than ever before in Germany have assets of one billion euros or more. Nevertheless, some billionaires lost a lot of...

Alstom, the French train manufacturer, has announced plans to close its plant in Görlitz, Germany, by the end of March 2026. This...

BBS, the renowned wheel manufacturer from the Black Forest, is facing its fifth insolvency proceeding since 2017. The insolvency administrator has been...

AOC, a significant East German construction project developer, has filed for insolvency after more than 20 years in business. This development impacts...

Schaeffler, the Franconian automotive and industrial supplier, is contemplating significant job cuts following its merger with Vitesco. This development comes on the...

Thyssenkrupp Steel Europe's new chief executive has informed the company's 27,000 employees about impending job cuts. This move comes as many companies...

The Deutsche Bahn (DB) plans to sell its profitable logistics subsidiary, DB Schenker, to Danish competitor DSV for 14.3 billion euros. However,...

A successful small specialty company in the Stuttgart area, known as a "hidden champion," has run into financial difficulties. The Brecht GmbH,...

The RNF GmbH, which operates the regional television channel Rhein-Neckar-Fernsehen (RNF), has filed for insolvency at the Heidelberg District Court. Despite this...

The Organization for Economic Cooperation and Development (OECD) has revised its economic growth forecast for Germany downward. This adjustment comes as the...

In a new development, over 50,000 Wirecard shareholders may now have hope for compensation in the insolvency proceedings. This follows a recent...

BASF, the world's largest chemical company, is facing cost pressures and high energy prices. The company plans to announce a new strategy,...

René Benko, founder of the bankrupt Signa Group, is facing creditor claims totaling approximately 2.4 billion euros ($2.6 billion). This massive debt...

BMW is halting production at its largest European factory in Dingolfing for 2.5 days. What is the reason for this interruption?Dingolfing –...

The Federal Network Agency has announced a change in electricity prices. © IMAGONew tariff rules for electricity will provide considerable relief to consumers...

Declining sales are pushing Volkswagen to implement harsh cost-cutting measures. Bloomberg reports a possible closure of the plant in Nanjing, with other...

Volkswagen has become a source of concern, and car manufacturers like BMW are already struggling, warns CSU politician Ulrich Lange. In his...

The federal government aims for Commerzbank to remain independent. (Archive image) © Helmut Fricke/dpa The Italian bank Unicredit's recent stake in Commerzbank...

The consumer protection agency warns that tricksters are increasingly brazen in their attempts to access bank customers' money. Here’s how to recognize...