Tag: Companies & Markets
Würth suffers from weak construction industry – operating profit falls
Würth warehouse The world market leader for assembly and fastening materials is feeling the weaker demand from the construction industry. (Photo: Andreas Lechner/ PR) Stuttgart The weak economy and high…
Schweizer Einhorn enters the heat pump business
Apartment building by Nokera The company produces houses made of wood, among other things, for publicly subsidized housing. (Photo: Nokera) Zurich The German-Swiss housing start-up Nokera is entering the business…
How AI is changing warfare
New York, Berlin, San Francisco Artificial intelligence (AI) is moving into the military – but that’s not to say what the cinema fears. “The self-learning killer from Terminator scenarios doesn’t…
Inflow of money to the founders is halved
Frankfurt The golden days for the German start-up scene are not coming back anytime soon. The total volume of investments in the first six months of this year fell by…
Deepdub wants to revolutionize film dubbing with AI
Deepdub team The Israeli company has already raised $26 million in funding. (Photo: Deepdub) Tel Aviv Morgan Freeman speaks accent-free Spanish on screen. The deep, distinctive voice of the Hollywood…
Photovoltaic developer Maxsolar secures money for expansion
Christopher Strasser Maxsolar develops, builds and operates systems for itself and for third parties. (Photo: MaxSolar) Frankfurt The Upper Bavarian photovoltaic developer Maxsolar has received 410 million euros from the…
Lilium secures fresh money – Earlybird comes on board
Representation of a Lilium jet at the terminal Lilium is planning a regional service with its own airports for its electric VTOL aircraft. (Photo: lilium) Berlin, Frankfort The German air…
Delivery service Getir is facing drastic cuts – and is fighting for investor funds
Frankfurt, Berlin, Dusseldorf Months after taking over German rival Gorillas, Turkish express delivery service Getir is facing drastic cuts. The company is burning between $80 million and $100 million a…
Delivery service Getir is apparently fighting hard against high costs – and for investor funds
Frankfurt, Berlin, Dusseldorf Months after taking over German rival Gorillas, Turkish express delivery service Getir is facing drastic cuts. The company is burning between $80 million and $100 million a…
“Oh no” – Habeck’s difficult wooing for the favor of the middle class
Cologne, Mönchengladbach, Stuttgart Robert Habeck is in the basement. This time really and not in any polls. In the boiler room of a Cologne clinic, he stands next to the…
Tesla boss Musk announces foundation of AI start-up xAI
san francisco Twitter CEO Elon Musk presented his company xAI for the first time on Wednesday. The aim of xAI is to “understand reality,” Musk wrote in a cryptic tweet…
How Habeck tries to get back on his feet
Cologne, Mönchengladbach, Stuttgart Robert Habeck is in the basement. This time really and not in any polls. In a boiler room in a Cologne clinic, he stands next to the…
Head of Private Customers at Deutsche Bank restructures, many management positions are eliminated
Deutsche Bank and Postbank logos The new head of private customers at Deutsche Bank, Claudio de Sanctis, is streamlining the structures of his division. Many managerial jobs will be eliminated…
Italian Post significantly increases stake in logistics unicorn
Sennder boss and co-founder David Nothacker Nothacker co-founded Sennder in 2015 and also initiated the joint venture with Poste Italiane. (Photo: Bloomberg/Getty Images) Berlin The Italian Post is significantly expanding…
That’s how much the USA depends on Europe when it comes to AI investments
new York 2023 is the year of the AI hype. At the end of November 2022, the Microsoft partner OpenAI ChatGPT went online. Anyone could use the text robot, which…
Federal government sees Germany as a high-tax country – but wants to change little
Even if the bill is repeatedly criticized, the federal government does not deny that Germany is a high-tax country. “In Germany, the tax and duty burden on earned income is…
Millions in business with special models from Adidas and Nike
Stepan Timoshin At the age of 22, the Vaditim founder was already making millions in sales with sneakers via his web shop. (Photo: Vaditim) Dusseldorf Stepan Timoshin’s business begins with…
Millions in business with special models from Adidas and Nike
Dusseldorf Stepan Timoshin’s business begins with easy pocket money. At the age of 14, the founder got hold of three pairs of sneakers from the strictly limited special model of…
Despite the financing crisis, more start-ups are being founded again
Berlin Despite difficult financing conditions and persistent economic weakness, more companies are being founded again. In the first half of the year, 1293 start-ups were created, 16 percent more than…
Global minimum tax hardly pays off for Lindner
Christian Lindner (FDP) The Treasury Department expects that the global minimum tax will not bring much additional revenue. (Photo: Reuters) Berlin Finance Minister Christian Lindner (FDP) does not expect high…