United Kingdom

Douglas Busvine

Huawei: 'No doubt' that we will meet German 5G security standards

24 Jun 2019

BERLIN Huawei, the Chinese technology and telecoms group hit by U.S. sanctions, said on Monday it was confident of meeting the security requirements that Germany is setting for its fifth-generation mobile networks.

Wafer maker Siltronic hits 3-year low as U.S. Huawei ban bites

18 Jun 2019

FRANKFURT Siltronic, a German maker of wafers used to make silicon chips, became the latest semiconductor firm to fall victim to a U.S. crackdown on exports to China as it issued its second profit warning in two months.

VW to float 10% of truck unit, seeks to raise 1.9 billion euros

14 Jun 2019

FRANKFURT Volkswagen aims to raise up to 1.9 billion euros (£1.69 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. | Video

Bayer to invest $5.6 billion in weedkiller research to help reputation

14 Jun 2019

FRANKFURT Germany's Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros ($5.6 billion) in weedkiller research.

Telcos howl, markets hail German 5G auction as newcomer joins fray

13 Jun 2019

FRANKFURT Germany's pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help close a connectivity gap with the United States and Japan.

Germany raises 6.55 billion euros in epic 5G spectrum auction

13 Jun 2019

FRANKFURT Germany raised 6.55 billion euros ($7.4 billion) from its 5G mobile spectrum auction, the Federal Network Regulator (BNetzA) said on Wednesday after a near three-month battle that will see a fourth operator enter the market.

KKR offers 40% premium to buy out Axel Springer minorities

12 Jun 2019

FRANKFURT U.S. private equity investor KKR on Wednesday offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany's Bild newspaper.

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