Deutsche Welle: DW.com - Business
Updated: 44 min 28 sec ago
German premium carmaker BMW has announced that new stricter EU emissions tests for cars as well as global trade tensions would leave revenues and profits short of its full-year forecast.
The acquisition of the Italian fashion house will cost Michael Kors about $2 billion. It's the latest iconic fashion brand that falls into the hands of the US group after it bought British stiletto-heel maker Jimmy Choo.
It’s not quite a quick chat at the water cooler but German drivers have plenty to say at the pumps when asked about the country’s diesel question. DW’s Arthur Sullivan ventured onto the forecourt to find out more.
An EU Commissioner called it "the biggest scandal in Europe today." The Danske Bank-Russia money laundering affair is a shock for many in Denmark — for high-end UK realtors it's just a supply chain glitch.
Instagram co-founders Kevin Systrom and Mike Krieger have resigned as CEO and chief technical officer of the photo-sharing app owned by Facebook. The two provided only scant explanation for their move.
As the UN General Assembly gathers, New York is also hosting another meeting, organized by the WEF — the Sustainable Development Impact Summit. The gathering showcases how entrepreneurs can act sustainably.
German financial regulator BaFin has formally ordered Deutsche Bank to do more to prevent money laundering and terrorist financing, taking the unprecedented step of appointing a monitor to oversee the lender's efforts.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
Business confidence in German boardrooms has decreased marginally, the latest monthly index by the ifo research institute reveals. Despite the ongoing US-China trade spat, executives expect the drop to be short-lived.
The Federation of German Industry has said it's not bowing to increasing US pressure to drop the Russian-led Nord Stream 2 gas pipeline and buy US liquefied gas instead. The BDI adds it wouldn't make economic sense.
A fresh round of US President Donald Trump's punitive tariffs on China has begun to bite. It adds another $200 billion in imports to the escalating trade conflict, with Beijing also imposing more retaliatory duties.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of dieselgate.
The US media giants have been locked in a months-long takeover saga to control Sky, Europe's leading pay-TV operator. It needed a rare three-round auction held by British regulators to finally settle the battle.
David DiChiera made Detroit more palatable for businesses after he brought opera back to downtown. It was through his strong will and foresight that today's revival of the city is possible. His death leaves a big hole.
The stock market has a new star sector: cannabis companies. The drug is conquering the United States and the legalization campaign is also pulling some big investors into the business, including Coca-Cola.
Trump's ploy to force countries to choose between doing business with the US or Iran is working. While German firms in Iran have been preparing for months for the sanctions, the outflow of firms is not slowing down.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
Volkswagen is to leave the Iranian market, according to a US media report. It suggests the Trump administration convinced VW of the move as part of US effort to undermine the international Iran nuclear deal.
The risk of becoming a cybercrime victim is growing. Command Control, a summit in Munich, is bringing together security experts from around the world to show companies how to better protect themselves.
British supermarket giant Tesco has unveiled the first of its new Jack's discount food stores, saying they would be the cheapest in town. The stores are intended to stop the advance of Germany-owned Lidl and Aldi.