Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.
Roche (ROG.S), Bayer and Germany’s Merck KGaA (MRCG.DE) became the latest drug companies to freeze prices in the United States, amid increased scrutiny by the Trump administration of medicine costs.
It is not yet clear if Europe will adapt quickly enough to rise to the new challenges it faces in taking more responsibility for solving conflicts in the world of the 21st century, German Chancellor Angela Merkel said.
Expanding production capacity marginally, setting up a design centre, launching new models, increasing localisation levels, and having a regional celebrity as brand ambassador are among Volkswagen's "India 2.0" strategy to become the number three player in the market, said a senior company official.
U.S. stock index futures fell on Friday after President Donald Trump toughened his stance against China and said he was ready to impose levies on $500 billion worth of goods from the Asian nation.
US tariffs on imported cars would slash around 6 billion euros ($6.99 billion) off German economic output, the president of DIHK Chambers of Commerce told German television.
Facebook must stick to German laws which ban Holocaust denial, the Justice Ministry in Berlin said on Thursday after Mark Zuckerberg caused outrage by saying his platform should not delete such comments.
European stocks were caught in a tug-of-war as results drove sharp price swings in advertising, tech and industrials stocks.
Finland’s Fortum nominated its chief financial officer to join the supervisory board of Uniper as it seeks to improve ties with the German utility after a difficult acquisition process.
German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies.