UMT United Mobility Technology AG continues to expand its footprint in the logistics sector with the addition of Loth Internationale Speditionsgesellschaft mbH as a new customer for its UMS Vision AI solution. The Munich-based technology company secured the logistics provider as a client for its artificial intelligence platform, which processes incoming transport orders automatically...
A German father from the Hesse region has claimed a €15.3 million lottery prize after discovering a winning ticket he had forgotten in a jacket pocket for six months. The fortunate discovery came after lottery operator Lotto Hessen had been searching for the mystery winner since March, even posting notices at retail locations in an attempt to identify the ticket holder.</p>The winner,...
A German man from the Rhine-Main region has finally claimed a €15.3 million lottery jackpot after discovering the winning ticket in his transitional jacket six months after the draw. The family father had played the Lotto 6aus49 game on March 29, correctly guessing six numbers plus the super number, but subsequently forgot about the ticket stored in his jacket's inner pocket.</p>Lotto...
The German prosthetics manufacturer Ottobock SE & Co. KGaA has announced concrete details for its planned initial public offering, targeting proceeds of up to €808 million in what would be Germany's largest stock market debut since early 2024. The Duderstadt-based company revealed on Monday that it will offer shares in a price range of €62 to €66, valuing the medical technology firm between...
The appointment of Evelyn Palla as the new chief executive of Deutsche Bahn marks a significant turning point for the state-owned railway company, which has been grappling with substantial operational and financial challenges. Palla, who previously headed the company's regional transport division, takes the helm following a long line of male predecessors including Hartmut Mehdorn, Rüdiger...
FRANKFURT (dpa-AFX) - The German stock market is expected to post moderate gains at Thursday's opening, continuing a pattern of cautious trading as investors await clearer market direction. Market analyst Thomas Altmann from QC Partners noted that "the search for direction continues," with both buyers and sellers holding back until a clearer trend emerges. The prevailing investor motto...
Germany's Federal Court of Justice (BGH) is currently deliberating whether companies can legally use the "Miss Moneypenny" name from the James Bond franchise to market secretarial and assistant services. The case, which reached the country's highest civil court on Thursday, examines whether the fictional character has achieved sufficient independent recognition to warrant trademark...
Germany's economy is set to leave its stagnation behind, with growth projections showing a modest recovery over the coming years. According to the autumn report from the country's leading economic research institutes, gross domestic product is expected to increase by 0.2 percent this year, followed by more substantial growth of 1.3 percent in 2026 and 1.4 percent in 2027. This represents a...
German braking systems specialist Knorr-Bremse AG has announced the acquisition of Swiss technology company Duagon Group in a strategic move to strengthen its rail electronics and software business. The €500 million transaction, signed on September 25, 2025, positions Knorr-Bremse to enhance its portfolio of safety-critical applications for rail vehicles and signaling technology. The...
Germany's economy is slowly emerging from its prolonged weakness phase, according to leading economic research institutes, though the recovery remains fragile and dependent on government stimulus. The institutes project that the German economy will gradually regain momentum in the coming years, primarily driven by state-backed billion-euro investments aimed at upgrading the country's...
Remote work remains firmly established in Germany's labor market, with nearly one-quarter of employees working from home at least occasionally in 2024. According to data from the Federal Statistical Office, 24% of employed persons utilized home office arrangements last year, maintaining levels consistent with 2023 (23%) and 2022 (24%). This represents a significant increase from...
European consumers are setting clear expectations for the proposed digital euro, with a recent survey revealing that 55% prioritize security and reliability, 53% demand ease of use, and 49% expect minimal or no fees. The comprehensive study conducted by the European Consumer Organisation (BEUC), Euroconsumers, and International Consumer Research & Testing (ICRT) across ten eurozone...
Global seaborne trade is expected to stall in 2025 with volumes forecast to grow by just 0.5%, according to the United Nations Conference on Trade and Development (UNCTAD). The organization's Review of Maritime Transport 2025 warns that shipping, which carries over 80% of the world's merchandise trade, is entering a period of heightened uncertainty after solid performance in 2024. The...
The Deutsche Sporthilfe foundation has presented a comprehensive reform proposal aimed at revitalizing Germany's elite sports system, citing declining medal counts despite rising costs. The 13-page position paper, unveiled in Frankfurt am Main, outlines far-reaching demands including increased basic funding for athletes, reform of coaching positions, and consolidation of federal training...
The German financial regulator BaFin has launched an investigation into Gerresheimer AG, raising questions about potential accounting irregularities at the pharmaceutical packaging specialist. The probe focuses on whether the company properly recorded revenue from customer contracts in its consolidated financial statements for the fiscal year ending November 30, 2024. This development has...
Kerry, a global leader in taste and nutrition, has inaugurated its new Biotechnology Centre in Leipzig, Germany, marking a significant expansion of its research and development capabilities. The facility will focus on developing innovative biotech solutions with applications across food, beverage, and pharmaceutical sectors. This strategic investment comes as new biotechnological...
German stocks opened higher on Tuesday, buoyed by continued record-setting momentum from Wall Street. The DAX index gained 0.5 percent to reach 23,635 points in morning trading, while the MDAX of mid-sized companies advanced 0.7 percent to 30,362 points. The Euro Stoxx 50, representing the eurozone's leading shares, also climbed 0.3 percent higher.</p>The positive sentiment followed...
Jefferies has maintained its 'Buy' rating on Volkswagen AG with a price target of €125, even as the investment firm lowered its outlook for the automaker's sports car subsidiary Porsche AG. Analyst Philippe Houchois adjusted his estimates for both companies on Sunday, aligning them with Friday's downward forecast revisions. The analyst noted that Volkswagen's historically low valuation...
Several European companies have reported significant share repurchase activity during the week of September 15-19, 2025, according to regulatory filings published on September 22, 2025. GFT Technologies SE, Bilfinger SE, and Samara Asset Group p.l.c. all disclosed their latest buyback transactions through EQS News, demonstrating continued corporate confidence in their stock valuations and...
Rheinmetall, Germany's largest defense contractor, has marked a significant milestone in its aviation sector expansion by commencing production of fuselage center sections for the F-35, the world's most advanced stealth fighter jet. This development comes as part of a collaboration with US defense giants Northrop Grumman and Lockheed Martin, signaling Rheinmetall's strategic pivot towards...
The German labor market remains under pressure from economic weakness, with unemployment figures showing only a slight decrease in June. According to the Federal Employment Agency (BA), the number of unemployed individuals dropped by just 5,000 to 2.91 million, marking a minimal improvement in a market that has been stagnant for over two years. Compared to the previous year, June saw an...
The Munich trial of Alfons Schuhbeck, the once-celebrated chef and restaurateur, has shed light on the dire financial straits that led to his current legal woes. Schuhbeck, who admitted to charges of bankruptcy fraud and misuse of coronavirus aid, revealed in court that he survives on a monthly pension of 1,138.76 euros. This admission came as part of a plea deal that could see him serving...
In a concerted effort to combat the escalating threat of the grandparent scam, European law enforcement agencies are joining forces under the EU-funded project ISF Lumen. This initiative aims to tackle the cross-border organized crime that preys on the elderly through sophisticated deception tactics. The scam, which has seen a worrying expansion across Europe, involves fraudsters posing as...
The International Labour Organization (ILO) has announced the elimination of approximately 225 jobs, a direct consequence of reduced U.S. funding to the United Nations agency. ILO Director-General Gilbert F. Houngbo expressed concern over the impact of these job cuts, which affect both the Geneva headquarters and field operations. The reduction in voluntary contributions by the U.S. under...
The International Labour Organization (ILO), a United Nations agency, has revised its global employment growth forecast downward to 1.5% for this year, citing worsening global economic prospects and ongoing trade tensions. Approximately 53 million jobs are expected to be created, which is 7 million fewer than previously anticipated. This adjustment comes as economic growth forecasts have...
The German labor market has experienced an unusually weak spring recovery this year, with unemployment figures showing a minimal decrease. In May, the number of unemployed individuals dropped by just 12,000 to 2.919 million, a figure that remains 197,000 higher than the previous year, according to the Federal Employment Agency in Nuremberg. The unemployment rate saw a slight decline of 0.1...
A German man from the Rhine-Main region has finally claimed a €15.3...
The German prosthetics manufacturer Ottobock SE & Co. KGaA has...
The appointment of Evelyn Palla as the new chief executive of...
FRANKFURT (dpa-AFX) - The German stock market is expected to post...
Germany's Federal Court of Justice (BGH) is currently deliberating...
Germany's economy is set to leave its stagnation behind, with growth...
German braking systems specialist Knorr-Bremse AG has announced the...
