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...“Europe is increasingly suffering from overregulation, slow and bureaucratic approval procedures and, above all, high costs for most production factors,” said Heinz....
...This group of “ultra-high-net-worth” individuals has “only been increasing in the past few years”, he says, noting that demand from cash-wealthy buyers is growing, particularly in North and South America...
...High-paying holidaymakers have filled business and first-class seats to offset the post-pandemic drop in corporate travel....
...The Düsseldorf-based company last year completed the takeover of its Spanish rival Expal, cementing its position as the most important provider of 155mm shells, which are in high demand from Ukraine’s military...
...Very few EVs are available for under €30,000 in Europe and, despite their lower running costs, the high price tag is one reason sales growth of the cars is slowing in the region....
...Germany last year became the world’s worst-performing major economy, as its large industrial base suffered not only from high interest rates and inflation but also elevated energy prices....
...A €200mn impairment in its steel business, as a result of high interest rates hitting capital costs, prompted the company to abandon its previous forecast of a full-year net income “in the low to mid three-digit...
...Demand for ammunition has soared with Ukraine consuming shells at high rates in its war against Russia....
...BASF has reported a bigger than expected slump in sales and profits after the world’s biggest chemical maker struggled with high energy prices and a slowdown in global demand last year....
...It wrote down its steel business — Germany’s largest — by a further €200mn, adding to the €2.1bn writedown it booked in November because of high prices for gas and other raw materials....
...Sales and profits tumbled at BASF last year, as the world’s biggest chemicals group struggled with high energy prices and a slowdown in global demand....
...I grew up pretty comfortably and, when I went to high school in a different town, I got into teaching myself things I liked, such as history and philosophy, as I didn’t have any parents around....
...Kunal Sinha, head of recycling at Glencore, one of the largest e-waste recyclers in the world, admitted the industry was “notorious for having an informal market” and e-scrap and other materials with high...
...German authorities have pledged more than €6bn in subsidies to steelmakers in a bid to shore up Europe’s largest industrial base, which is already struggling with high energy prices and falling global demand...
...Air-defence equipment is in high demand,” said Éric Béranger, MBDA’s chief executive....
...With its energy intensive operations, BASF has been grappling with high costs, low demand and falling earnings, especially in Europe, where it has announced cost cutting while embarking on the construction...
...The energy-intensive company has been grappling with high costs, low demand and falling earnings, especially in Europe, where it has announced cost cutting while embarking on the construction of a state...
...Wolf said that while Vitesco was wrapping up a transformation that started five years ago when “we saw that there was a high likelihood that the combustion engine would die,” many of its German rivals were...
...ZF is in a particularly difficult position, as acquisitions of tech-focused rivals TRW in 2015 and Wabco in 2020 have left it with high debt levels....
...The disposal was a “major validation of our strategy”, he added.Software AG now plans to focus and invest in its Adabas & Natural business, a high-performance database product, according to a person familiar...
...patricia.nilsson@ft.com...
...The world’s biggest chemical group, BASF, for example, has announced permanent cost cuts at its Ludwigshafen headquarters because of high energy prices....
...By the time I was in high school, I was dancing up to 40 hours a week after class. I did contemporary dance, jazz mainly, but also some classical ballet....
...The Essen-based company, which includes a submarine division and a bearings business, on Wednesday posted a net loss of €2bn for 2023, blaming high prices for gas and other raw materials for the hit to its...
...The Essen-based company, which includes a naval as well as a bearings division, on Wednesday posted a net loss of €2bn for 2023, blaming “high raw material and energy costs” especially in the first half...
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