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German exports rise by 1.1% m/m in March
German exports rise by 1.1% m/m in March

Reuters

time08-05-2025

  • Business
  • Reuters

German exports rise by 1.1% m/m in March

A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights , opens new tab May 8 (Reuters) - German exports rose by 1.1% in March compared with the previous month, data from the federal statistics office showed on Thursday. The result compared with a forecast 1.0% increase in a Reuters poll. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The statistics office publishes more detailed economic data on its website , opens new tab Reporting by Tristan Veyet in Gdansk, editing by Thomas Seythal Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights

Delivery Hero to exit Thailand
Delivery Hero to exit Thailand

The Star

time23-04-2025

  • Business
  • The Star

Delivery Hero to exit Thailand

FILE PHOTO: Cyclists drive past an advertisement promoting the grocery delivery company "foodpanda", in Berlin, Germany, August 13, 2021. Picture taken August 13, 2021. REUTERS/Christian Mang/File Photo (Reuters) - Delivery Hero's Asia-based business foodpanda is to stop operating its platform in Thailand on May 23, the German food delivery firm said on Wednesday. "Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return," the firm added. The company's regional team, which is based in Thailand, will continue operations as usual, the company said. (Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)

Steel-maker Salzgitter ends takeover talks with consortium
Steel-maker Salzgitter ends takeover talks with consortium

Reuters

time11-04-2025

  • Business
  • Reuters

Steel-maker Salzgitter ends takeover talks with consortium

April 11 (Reuters) - German steel producer Salzgitter ( opens new tab has ended talks with a bidding consortium on a possible takeover, it said on Friday, citing differing views on the company's current and future value. The bidding consortium, comprising Salzgitter's second-largest shareholder GP Günter Papenburg and TSR Recycling, was considering a takeover of the German steelmaker and had offered around 18.50 euros ($20.87) per share. Also in its statement on Friday, Salzgitter said it had increased a cost-cutting goal to 500 million euros, double a previous target of 250 million, and that it had achieved 130 million euros by the end of 2024. For the future, it predicted demand for steel would increase. "It can also be assumed that the incoming German government's planned economic policy measures in the areas of climate protection, infrastructure, and defence will have a positive impact in the coming years," it said. ($1 = 0.8834 euros) Reporting by Tristan Veyet in Gdansk; editing by Barbara Lewis Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics: Deals

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