Business - Page 3

New data shows that Germany’s economic output fell by 0.1% compared to the first quarter. The news dampens prospects of a recovery in Europe’s largest economy. Germany’s economy unexpectedly shrank in the

The Halle-Vilvoorde public prosecutor’s office and federal judicial police have uncovered a large-scale money laundering network. During 13 house searches in Halle-Vilvoorde, Brussels, Mons, Walloon Brabant and Charleroi, eight people were arrested.

German authorities have granted Elon Musk’s Tesla permission to expand its Gigafactory just outside Berlin. The original plans sparked resistance from locals worried about the environmental impacts. US electric vehicle giant Tesla

The fifth consecutive decline in factory orders and a fall in demand from abroad point to “subdued” industrial activity in the coming months. The Federal German statistics office, Destatis, said Thursday that factory orders

The European Commission has said it is imposing provisional duties on Chinese electric cars to counteract what it called unfair subsidies received by Chinese EV makers. The European Commission on Wednesday announced it

New yen bills use 3-D holographic technology to curb counterfeiting, which Japan’s money printing agency called a world-first. Cashless payment has been slow to catch on in Japan. Japan issued its first new

Boeing is set to take subcontractor Spirit back into its fold, stepping away from its longtime strategy of outsourcing key parts of its passenger airplanes. Aircraft manufacturer giant Boeing has announced plans

The German vehicle giant will join forces with the US EV-maker to develop software to be shared by both manufacturers before 2030. The deal will be a 50-50 arrangement. Volkswagen, the world’s

High-end computer chipmaker Nvidia is now seen by investors as the most valuable company on the planet. Its share price has risen abruptly in the last five years as AI and machine

The three ports have committed to providing the necessary infrastructure, while DFDS has promised that by 2030 at least two of its ships sailing between Belgium and Sweden will run on ammonia.