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US Inflation Reduction Act
Siemens’ US chief urges strong message to voters on Biden subsidies
...Siemens, which counts the US government as its largest global customer, has already moved some component manufacturing for the solar industry from Germany to the country as a result of the IRA, which president...
October 3, 2023
Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
Britain falls to second most appealing European country to deploy capital, according to CBRE survey
April 14, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
News in-depthGerman economy
German companies flock to US with record pledges of capital investment
...“There is no doubt, that the European industry is challenged. It won’t be clear-cut, but energy-intensive industries in Europe will likely shrink rather than grow in the medium term.”...
February 19, 2024
German economy
German companies’ dependence on China will last decades, warns Siemens
...Thomas at Siemens said that the company had determined that it “cannot afford not to be [in China]”....
April 14, 2024
UK infrastructure
Former Siemens chief to lead new Labour rail review
...He was chief executive of industrial conglomerate Siemens UK from 2014 to 2019....
December 13, 2023
Siemens Energy
Siemens Energy seeks government guarantees as wind crisis deepens
...The crisis at the wind business, known as Siemens Gamesa and that Siemens Energy only took full ownership of last year, comes as the broader wind industry confronts the drag of higher interest rates and...
October 26, 2023
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
LexLive Nation Entertainment Inc
Live Nation deserves to face the antitrust music Premium content
An unwinding of the Ticketmaster deal no longer looks far-fetched
April 18, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...In the relatively young US sports betting industry, there is no time for self satisfaction....
March 29, 2024
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
The gaming giant once made as much as 5% of its total sales from Blizzard games
April 13, 2024
Airlines
US airlines under fire for raising baggage fees again
...The airline industry is largely united in opposition to the rule....
March 10, 2024
Live news updates from August 10: Kate Spade and Jimmy Choo parents merge, US inflation edges up
Siemens automation orders fall as earnings miss expectations
...The Munich-based company on Thursday said orders in its digital industries arm, which has recently courted investor enthusiasm, fell 35 per cent to €4.1bn in the quarter ending June....
August 10, 2023
Siemens Energy
Siemens Energy turbine travails deal latest setback to wind sector
...“It’s very embarrassing for Siemens Gamesa,” said one European wind industry insider....
July 27, 2023
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
People in the US are being squeezed to such an extent that they are spending less altogether
March 19, 2024
LexWind power
Siemens Energy: hurricane warning highlights industry-wide headwinds Premium content
...Siemens Energy’s warning highlights the headwinds facing the wind industry as a whole. Stretched supply chains imply a higher likelihood of quality issues....
June 23, 2023
TGI Fridays Inc.
TGI Fridays’ US operations to have London listing
UK’s Hostmore, one of restaurant chain’s biggest franchisees, agrees £177mn reverse takeover in boost for City
April 16, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Live news updates from August 7: Saudi Aramco’s earnings fall 38%, KKR agrees $1.6bn Simon & Schuster deal
Siemens Energy warns of wider losses due to problems at wind turbine unit
...The DAX-listed supplier of products and services for the renewable and fossil fuel power industries said that the issues at Siemens Gamesa “demonstrate the challenges” of turning around the business, which...
August 7, 2023
Rail
Disjointed rail planning leaves UK train builders facing closure
...In Yorkshire, Siemens is about to start assembling new trains for the London Underground....
April 11, 2024
LexWind power
Wind turbine makers must pause their battle to build mega machines Premium content
...That is unaffordable at a time when the industry is recovering from a sharp rise in commodity prices and other supply chain costs since the pandemic....
January 11, 2024
Siemens AG
Siemens warns slump in Chinese demand may continue for ‘several quarters’
...China has become particularly important to Siemens’ digital industries arm, which makes about a fifth of its revenues in the country....
August 10, 2023
InterviewChinese business & finance
Chinese robot maker says protectionism will not stop its march
...“[The automation industry] should be the last barrier set up. Because our industry solves problems concerning people’s livelihood.”...
April 4, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
Investors should take a hard look at the core retail business and reset their expectations accordingly
April 5, 2024
Siemens Energy
Siemens Energy warns of €4.5bn loss from ailing wind turbine division
...Executives also pointed to cost pressures across the European wind industry and tough competition from China....
August 7, 2023
Credit cards
Visa and Mastercard agree $30bn settlement over US transaction fees
Sellers will be able to charge different prices to consumers based on the card they use
March 26, 2024
Skechers USA Inc
Skechers’ family troubles
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
March 8, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...The delistings came after China’s powerful internet regulator and the Ministry of Industry and Information Technology set a deadline of April 1 for apps operating in China to formally register with the government...
April 19, 2024

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