GERA – A high-profile industrial project in the East German state of Thuringia has failed: South Korean investor SungEel has unexpectedly withdrawn from the region, halting plans to build a state-of-the-art battery recycling facility in Gera. The last-minute decision marks … Continue reading SungEel: Battery Recycling Project in Germany Cancelled
HANNOVER – Germany’s most internationally renowned industrial trade fair, HANNOVER MESSE, opens its doors on March 31 (until April 4), with this year’s spotlight on artificial intelligence (AI) in industry. The event will showcase how AI technologies can optimize production processes, … Continue reading HANNOVER MESSE spotlights artificial intelligence
BERLIN – Global semiconductor production is a key sector of the global economy in which Asian countries such as South Korea, Taiwan, Singapore, Malaysia, and China play a dominant role. According to a recent study conducted by the Ifo Institute … Continue reading Chip industry: Germany increasingly important player
BERLIN – The German government has adopted an E-Commerce Action Plan that enforces stricter controls on international online platforms such as Temu and Shein. The goal is to secure fair competition and protect domestic retailers from unfair business practices. Additionally, … Continue reading Tightened controls against cheap E-Commerce platforms
HO CHI MINH CITY – German companies are facing challenges in retaining IT and engineering professionals due to an aging population and increasing demand, particularly in the field of artificial intelligence (AI). Outsourcing certain tasks and processes to other countries … Continue reading Vietnamese Tech specialists for Germany: Roadshow
SINGAPORE – Singapore has successfully rebounded from the challenges of recent years and is once again on a growth trajectory. The Southeast Asian city-state recorded a remarkable economic growth of 5.4% in the third quarter of 2024 compared to the … Continue reading Singapore: A Resurgent Economic Powerhouse
SHENZHEN – In an interview with the Italian media outlet “Motor 1,” Stella Li, Vice President of the Chinese electric car manufacturer BYD, sharply criticized the current conditions for electric mobility in Germany. Rising electricity prices and political uncertainty were … Continue reading BYD Vice President: E-mobility in Germany is at risk
FRANKFURT – Lufthansa Group reports an operating profit of 1.3 billion euros for the third quarter following a strong summer travel season. Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG points out: “Today, we are … Continue reading Lufthansa reports operating profit of 1.3 billion euros
NEW DELHI – Berlin and New Delhi are aiming to deepen their trade relations – a venture that was reaffirmed at the recent meeting between Chancellor Olaf Scholz and Prime Minister Narendra Modi in India’s capital, New Delhi. Despite the … Continue reading German-Indian Rapprochement: New Perspectives in New Delhi
FRANKFURT—The German airline Lufthansa has officially confirmed that it will temporarily suspend its daily flight service from Frankfurt to Beijing due to intense competition and economic considerations. This decision, which comes into effect with the winter flight schedule on October … Continue reading China: Lufthansa capitulates to global competition
