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US Inflation Reduction Act
Siemens’ US chief urges strong message to voters on Biden subsidies
...The US head of Siemens has urged companies to sell voters on the benefits of the Biden administration’s industrial policy, warning that a change of government could imperil the tax breaks and subsidies needed...
October 3, 2023
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
M&G profits rise more than a quarter in 2023
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
March 21, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
M&G PLC
M&G’s Rossi targets private asset growth
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
March 21, 2024
German economy
German companies’ dependence on China will last decades, warns Siemens
...Sunday with a high-profile business delegation including the chief executive of Siemens and the incoming boss of BASF....
April 14, 2024
News updates from November 16: Oil prices hit 4-month low, Wirecard hacker sentenced to 80 months in prison
Siemens reports record profits in industrial business
...Siemens has reported record profits in its flagship industrial business, while warning of slowing sales growth in the next year....
November 16, 2023
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
Siemens Energy targets €400mn in cuts at wind turbine business
...Siemens Energy reported a net loss of €4.6bn last week. The company expects a further loss of €2bn in the next fiscal year....
November 21, 2023
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
Siemens Energy
Siemens Energy plans €400mn in cuts at struggling wind turbine business
...The company warned the turnaround at Siemens Gamesa, its wind division, would be painful, but sought to assure investors that it now had a grip on further downside and had instigated a thorough plan to put...
November 21, 2023
Siemens Energy
Siemens Energy to restructure wind turbine business after steep losses
...The bailout deal will also involve Siemens Energy selling a stake in its Indian joint venture with Siemens, at a 15 per cent discount, raising €2.1bn....
November 15, 2023
Letter
Letter: Baltimore disaster must address totality of risks
...That’s a fundamentally different question. Richard G Little Visiting Research Scholar Industrial and Systems EngineeringRensselaer Polytechnic InstituteTroy, NY, US...
April 9, 2024
ReviewFiction
Andrey Kurkov’s The Silver Bone — a Ukrainian saga of crime and war
...There is a scene close to the end of Andrey Kurkov’s The Silver Bone in which the novel’s hero, Samson, a young police investigator, has finally cornered a key suspect in his hide-out....
February 29, 2024
LexSiemens Energy
Siemens Energy: turbine trouble pops the renewables bubble
...Consider that Gamesa’s implied value was around €15bn about a year ago when Siemens Energy bought out the bulk of its minority shareholders....
October 26, 2023
Siemens Energy
Siemens Energy’s €15bn rescue package underwritten by German government
...Siemens Energy and Siemens will then provide a final €3bn chunk of funding themselves, including €2bn raised from the sale of shares back to Siemens from an Indian joint venture between the two companies...
November 14, 2023
News updates from November 14: US inflation falls to 3.2%, King of Jordan calls for end to Israel conflict
Germany gives €7.5bn of guarantees to Siemens Energy as part of rescue package
...Germany’s government has agreed to provide €7.5bn of guarantees to embattled renewables giant Siemens Energy as part of a €15bn rescue package....
November 14, 2023
News updates from October 26: US GDP rises 4.9%, Ford strikes deal with auto union
European stocks close lower as Siemens Energy shares shed 34%
...The region-wide Stoxx Europe 600 lost 0.5 per cent, dragged lower by a 34 per cent decline for troubled wind turbine group Siemens Energy....
October 26, 2023
Siemens Energy
Siemens Energy seeks government guarantees as wind crisis deepens
...Siemens Energy was spun out of the German industrial conglomerate Siemens in 2020, a transaction that handed it a 67 per cent stake in Siemens Gamesa....
October 26, 2023
FT Live
Hydrogen Summit
Scaling a hydrogen ecosystem to achieve net-zero goals
Wednesday, 12 JuneLondon, UK & Online
Siemens AG
Siemens warns on slowing sales growth even as it as delivers record profits
...as a 25 per cent stake in ailing Siemens Energy....
November 16, 2023
News updates from October 26: US GDP rises 4.9%, Ford strikes deal with auto union
Siemens Energy shares plunge as it seeks to shore up balance sheet
...The group added that “strong growth in order intake, particularly in the former gas and power business areas, leads to a rising need of guarantees for long-term projects.”...
October 26, 2023
Procter & Gamble Co
P&G points to stronger consumer demand and slowing price rises
...P&G took a $1.3bn non-cash impairment charge against the value of its Gillette shaving brand, citing the weakening of several currencies against the US dollar, and reported a 15 per cent organic fall in...
January 23, 2024
UK infrastructure
Former Siemens chief to lead new Labour rail review
...Jürgen Maier, former chief executive of Siemens UK, has taken up a role chairing a new expert review of UK rail and transport infrastructure for the Labour party....
December 13, 2023
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
Another German national arrested on suspicion of spying for China
...In a statement on Tuesday morning the federal prosecutor accused Jian G of passing sensitive information on EU politicians and political decision-making to Chinese intelligence since 2019....
April 23, 2024
ReviewFiction
The Coiled Serpent — gruesome fare, served with cold precision
...While some tales take place explicitly in the UK — in a historic Tudor house museum in Margate, a Victorian swimming complex, a patch of countryside resembling Somerset — others are in a kind of fairytale...
December 8, 2023
Trump Media & Technology Group
Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’
...Trump Media went public through a merger with a blank-cheque company late last month....
April 19, 2024
News updates from October 18: Netflix beats subscriber expectations, China’s economy grows 4.9%
P&G beats revenue expectations as customers absorb higher prices
...P&G reported net sales of $21.9bn in the three months ended September 30, a 6 per cent increase from a year earlier and beating analysts’ expectations for $21.6bn....
October 18, 2023
Schneider Electric SE
Schneider Electric weighs deal for software maker Bentley Systems
...Bentley has a close relationship with German group Siemens, which in 2020 was reportedly contemplating an acquisition....
April 19, 2024
ReviewNon-Fiction
An Ordinary Youth by Walter Kempowski — growing up under Nazi rule
...There are little things — “Jew’s-beard geraniums” in window ledges — and bigger ones: a burned-out synagogue, with a broken Star of David on its wrought iron gate....
November 24, 2023

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