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,
Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, on Tuesday
The Sharjah Chamber of Commerce and Industry (SCCI) on Tuesday received a high-level business delegation from Sri Lanka, led by Nalinda Wijerathna, Consulate General of Sri Lanka in Dubai.
Abu Dhabi National Oil Company (Adnoc) has signed contracts worth over Dhs1 billion with four Abu Dhabi companies to provide food catering services to all Adnoc Group companies from 2022 to 2027.