Tag: Germany

Crunch time for China’s robot startups as pandemic brings pain and opportunities

SHENZHEN, China (Reuters) – With glowing blue eyes and trusting feline features, a new robot cat by Chinese startup Elephant Robotics seems happily oblivious to...

Italians embrace coronavirus tracing app as privacy fears ease

ROME (Reuters) – Italy, the first major European country to roll out a smartphone app to trace COVID-19 infections that does not rely on a...

NATO chief says on Huawei: UK review of 5G security is important

LONDON (Reuters) – The head of the NATO military alliance said on Wednesday that the West could not ignore the rise of China and so...

German government backs ‘electronics you can trust’

FILE PHOTO: German Minister of Education and Research Anja Karliczek attends a news conference on the 2020 report of the expert commission on research and...

Europe pins hopes on smarter coronavirus contact tracing apps

MUEHLBACH AM MANHARTSBERG, Austria (Reuters) – European countries cautiously emerging from the onslaught of the coronavirus pandemic are looking to a second generation of contact...

Airbus jobs on wire as underlying output falls 40%: sources

PARIS (Reuters) – Airbus (AIR.PA) is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new...

Germany stamps authority on Lufthansa with $9.8 billion lifeline

FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in...

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached...

Automaker trade backs U.S. on effort to weaken fuel efficiency rules

WASHINGTON (Reuters) – A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said...

Hong Kong tensions unnerve world stocks, oil tumbles

LONDON (Reuters) – World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on...

Living with less must be the new reality of the post corona world: Viswanathan Anand | India News

It’s been over 3 months now since the world has been fighting and grappling with the effects of the Covid-19 pandemic. Hundreds of countries globally...

Shares lose footing, oil marches on

LONDON (Reuters) – Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries...

Past its peak? Battered oil demand faces threat from electric vehicles

LONDON (Reuters) – Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are...

Thyssenkrupp in talks with rivals over steel business: source

FRANKFURT/DUESSELDORF (Reuters) – German conglomerate Thyssenkrupp (TKAG.DE) is in talks with international rivals about consolidating its loss-making steel business, a person familiar with the matter...

Temporary layoff schemes no cure-all in slow COVID recovery

BRUSSELS (Reuters) – Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial...

U.S. stock market falls on plunging retail sales; oil up

NEW YORK (Reuters) – U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S....

China’s Tesla wannabes risk running out of road in virus-stricken times

HONG KONG/BEIJING(Reuters) – Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock...

Siemens surges as cuts costs and presses on with energy IPO

ZURICH (Reuters) – Siemens (SIEGn.DE) stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus...

Pfizer to outsource some drug production, focus on coronavirus vaccine

(Reuters) – Pfizer Inc (PFE.N) said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares...

GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade

HONG KONG/SINGAPORE (Reuters) – GlaxoSmithKline (GSK.L) has sold its stake in Unilever’s (ULVR.L) Indian business (HLL.NS) for $3.4 billion, marking India’s largest block trade, which...

Planemakers delay deliveries as crisis hits manufacturing: Air France-KLM CEO

PARIS (Reuters) – Planemakers Airbus (AIR.PA) and Boeing (BA.N) have asked Air France to delay taking some wide-body jets after a manufacturing slowdown caused by...

VW sees multi-speed coronavirus rebound led by China

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said demand in China was rebounding, thanks to customers who want to switch from public transport to personal vehicles, but...

U.S. stock futures, Chinese shares slip amid Sino-U.S. tensions, oil falters

SYDNEY (Reuters) – Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors...

The Covid Riddle: Why does the virus wallop some places and spare others?

By Hannah Beech, Alissa J. Rubin, Anatoly Kurmanaev and Ruth Maclean The coronavirus has killed so many people in Iran that the country has resorted...

SAP discloses security lapses; says there was no data breach

BERLIN (Reuters) – Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and...