Employees of German car manufacturer Porsche at the factory in Germany. Reuters/ File
Germany set out plans to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
By category, production of machine tools were up 27.6 per cent on the month, intermediate goods stagnated at 0.1 per cent and consumer goods were up slightly at 1.4 per cent, the Destatis official statistics agency said.
German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.
Germany’s spluttering economy returned to growth in the first quarter as consumers spent more freely and construction activity picked up, but the government said the outlook remained clouded by trade disputes. Gross domestic product (GDP) rose 0.4% quarter-on-quarter,
Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Wednesday announced an intention to float 10 per cent of Borouge, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX)
Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation’s battered economy.
The Arabian Travel Market (ATM) 2022 concluded last week having attracted more than 23,000 visitors from across the world at its first full-capacity event since the pandemic. The four-day event, which doubled its visitors from last year, brought together
According to a report, Dubai welcomed almost four million international overnight visitors between January and March 2022, a massive 214 percent growth from last year, reaffirming its position as the first choice destination for global travellers.