Newsletter
Seawater as a potential lithium substitute?
The search for alternative materials for rechargeable batteries is driving research. Sodium, potassium and zinc were previously considered promising candidates to replace lithium, which is expensive and in limited supply. But now, scientists at Worcester …
Fiat heirs Agnelli invest billions in Philips
The well-known Fiat Agnelli family is taking a significant step in the investment sector by making a billion-euro investment in Philips, one of the leading technology and healthcare companies. For a hefty sum of nearly three billion euros, the Agnelli holding …
DAX companies feel effects of weak economy
The economic slump in Germany is also leaving its mark on the balance sheets of the leading DAX companies. Although most corporations were able to increase sales and profits in the second quarter, growth slowed significantly and even remained below the rate of …
Allianz quarterly figures: Insurance group exceeds expectations
Insurance group Allianz reported a profit increase of almost 15 percent to 7.5 billion euros in the first half of the year, exceeding analysts' expectations. For the full year, the company confirmed its profit forecast of 14.2 billion euros, with a range of …
Coup in Niger jeopardizes uranium supplies for nuclear power plants
The recent military coup in Niger not only brings political instability to the West African country, but also casts a threatening spotlight on the European energy industry. Particularly affected is the French nuclear company Orano, which owns three huge …
Economist warns against overly ideological economic policy
The president of the Kiel Institute for the World Economy (IfW), Moritz Schularick, warns against neglecting social cohesion when making necessary changes. In an interview with the dpa news agency, the economist calls for government decisions to always take …
IMF drastically lowers economic forecast for Germany
The German economy is facing difficult times, with the International Monetary Fund (IMF) now forecasting a contraction of 0.3 percent for the current year. The IMF is thus more pessimistic than previously, when it forecast a decline of just 0.1 percent. …
EU Parliament approves billions in funding for domestic microchip production
The EU Parliament has approved the so-called Chips Act, which aims to promote domestic microchip production. With a mobilization of 43 billion euros, the EU aims to become more independent from other markets and regain lost ground in semiconductor …
Russia's oil and gas revenues: Drastic slump
Russia's oil and gas industry, which serves as the country's main source of financing, is experiencing a drastic slump in revenues. This is mainly due to lower prices for raw materials on the world market and the EU embargo and price cap. In addition, Russia …
Internet giant Yahoo plans return to the stock market
The Internet company Yahoo plans to return to the stock exchange in order to regain its former importance. The company, which is one of the pioneers of the Internet, has lost much of its relevance in recent years. Yahoo's CEO, Jim Lanzone, announced to the …