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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Union slams wage offer for key German industries with threat of strikes

UPDATE 2-Union slams wage offer for key German industries with threat of strikes Employers propose 3.6% rise vs union demand of 7% Siemens, BMW, Mercedes involved in talks Strikes possible from Oct. 29 Updates throughout with formal offer, background, quotes from union and employers' side By Ilona Wissenbach and Alexander Hübner NUREMBERG, Germany, Oct 15 (Reuters) - G ermany's largest industrial union slammed a proposed pay rise for almost 4 million workers in key sectors on Tuesday as too lit
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Employers offer staggered pay rise to workers in German industry, say sources

Employers offer staggered pay rise to workers in German industry, say sources NUREMBERG, Germany, Oct 15 (Reuters) - Employers have offered a staggered pay rise of 1.7% and 1.9% over a period of 27 months to workers in Germany's auto, electrical and metal industries, sources said on Tuesday, falling short of the demand made by the union. The offer, which foresees the first increase on July 1, 2025 and the second a year thereafter, was made by employers in northern Germany, the first negotiating
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Siemens looks to digital platform to tackle automation downturn

Siemens looks to digital platform to tackle automation downturn By Jörn Poltz MUNICH, Oct 10 (Reuters) - Siemens SIEGn.DE is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said. The German engineering group last month warned its full-year sales growth would be slower than expected, with revenues at its flagship digital industrie
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Russia launches own high-capacity gas turbine, replacing foreign technology

Russia launches own high-capacity gas turbine, replacing foreign technology MOSCOW, Oct 10 (Reuters) - Russia has launched a power unit based on its first domestically produced high-capacity gas turbine, as it develops its own alternatives to Western technology it can no longer import. The new unit at the Udarnaya power station in southern Russia was inaugurated via video link on Wednesday evening by President Vladimir Putin, in a ceremony shown on state TV.
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