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Germany
Puma Made Record Profit in 2022, Prospects are Worse
The German sports brand Puma made a record profit last year but warns of less profitable times in 2023. Due to cost increases, shopkeepers and distributors have built up large sports shoes and clothing stocks.
They now have to get…
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More Than 20 House Searches in Berlin Within Child Pornography Investigation
The German police searched at more than twenty addresses in Berlin on Tuesday as part of a large-scale investigation into child pornography.
About forty officers took part in the operation, the police of the German capital…
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German Police Clear Barricades in a Village That Demonstrators have occupied for Two Years
German police began clearing barricades around the occupied village of Lützerath on Tuesday morning. The occupiers try to prevent this by sitting on high poles that are difficult to remove and forming human blockades.
The police…
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More Unemployed in Germany in December, Less After Adjustment
Unemployment in Germany rose in December, usual for the time of year, the Bundesagentur für Arbeit reported on Tuesday. However, adjusted for seasonal influences, a decrease in the unemployed can be seen.
The unemployed in Germany,…
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Intel Postpones Construction of German Chip Factories
The American chip manufacturer Intel is postponing the construction of new chip factories near the German city of Magdeburg. This was reported by the local newspaper Volksstimme.
The construction of the two facilities involved an…
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Adidas Lowers Profit Forecast After Kanye West Ceases Cooperation
German sports brand Adidas has lowered its profit forecast for the third time since last summer. The new downward revision results from the termination of the collaboration with rapper Kanye "Ye" West.
The reason for the…
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German Authorities Search Bank for Russian Oligarch
German authorities have invaded the Swiss bank UBS, where former ING boss Ralph Hamers is the top man. Offices in Frankfurt and Munich were searched in connection with an investigation into possible money laundering by a Russian oligarch.…
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Tesla Has Forest Cleared for Factory Expansion Near Berlin
Tesla is cutting 70 hectares of pine forest near its factory in the German state of Brandenburg. The electric car manufacturer wants to expand production at its location near Berlin further.
According to the American company of CEO…
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