Germany edition

Siemens

The following articles have been tagged with "Siemens":

Railway wants free ICE train from Siemens

National: 30 Jan 12
German railway operator Deutsche Bahn is demanding a free ICE train worth €30 million from Siemens to compensate for delays in delivering the next generation its high-speed rolling stock. READ »

Siemens suffers profit collapse

Business & Money: 24 Jan 12
German industrial giant Siemens took a massive hit at the end of last year, the company reported Tuesday. Profits were down all of 17 percent between October and December 2011. READ »

German takes over Blackberry makers

Business & Money: 23 Jan 12
German businessman Thorsten Heins became the surprise choice on Sunday to replace previous heads of the Canadian-based Research in Motion (RIM), struggling makers of the Blackberry smartphone. READ »

Cost of nuke phase-out 'could near €2 trillion'

Business & Money: 18 Jan 12
Tech giant Siemens has warned that Germany’s nuclear phase-out could cost the country nearly €2 trillion by 2030, much higher than previously estimated. READ »

Wall Street Journal launches German edition

Business & Money: 10 Jan 12
The Wall Street Journal launched a German edition on Tuesday, breaking into the German business news market with what its editor promised would be a new, international, perspective. READ »

'Making it' by interpreting culture

Society: 2 Jan 12
The Local's series Making it in Germany presents John Magee, a Bonn-based consultant who bridges the gap between American and German business culture for large companies. READ »

Siemens hires sacked US general McChrystal

National: 20 Dec 11
German industrial giant Siemens has hired the American general fired for criticising US President Barack Obama in public – to head up its attempt to get more US government contracts. READ »

Nine charged in US in Siemens corruption case

Business & Money: 14 Dec 11
Nine former Siemens executives and agents of the German industrial giant have been charged in the United States with allegedly bribing Argentine government officials, according to the US authorities. READ »

Wind energy leaders eye US expansion

Science & Technology: 14 Dec 11
German energy companies, well-established leaders in harvesting wind power, are focusing on exporting turbines to the growing US market as European turf becomes scarce. Erin Huggins reports. READ »

DAX boards took major pay increases last year

Business & Money: 26 Oct 11
Germany’s top companies paid their supervisory boards better last year than the previous year, with the most generous rises approaching 40 percent – despite an average worker’s wage increasing by 1.6 percent over the same period. READ »

Jazzed up in Stuttgart

Lifestyle: 18 Oct 11
Buttoned-down Stuttgart might appear to be an unlikely jazz mecca, but the venerable music genre is making a comeback in the southwestern German city after being popularized by American GIs after the war. Tracy Moran reports. READ »

Merkel signs export deal with Mongolia

Politics: 13 Oct 11
Germany and Mongolia signed a deal on Thursday aimed at developing exports of coal, copper and other natural resources, as the vast Asian country opens its huge reserves to foreign investors. READ »

German bank reclaims 50 trains from Bulgaria over payment row

Business & Money: 7 Oct 11
Germany's state development bank KfW has claimed back 50 Siemens trains leased to Bulgaria's state railways company BDZ over delayed payments and an insurance row, a press report said on Friday. READ »

Streaming video with the power of LEDs

Science & Technology: 29 Sep 11
The same diode light that powered the wrist-calculator in 1980s classrooms is growing into something much more formidable. A Berlin research team is using the technology to stream HD video across a room. Michael Dumiak paid a visit. READ »

Siemens said to move French bank cash to ECB

Business & Money: 20 Sep 11
German industrial giant Siemens refused on Tuesday to comment on a newspaper report that it had withdrawn about half a billion euros in cash from a French bank and parked it at the European Central Bank. READ »

Siemens gets out of nuclear business

Business & Money: 18 Sep 11
German industrial giant Siemens is turning the page on nuclear energy, the group's CEO Peter Löscher told the weekly Der Spiegel in an interview published on Sunday. READ »

Germany’s top ten tech inventions

Science & Technology: 9 Sep 11
The last century would have been very different if it hadn’t been for the German genius for technological innovation. The Local rates the top ten Teutonic inventions that have changed your life. READ »

Siemens pulls out of Bayreuth sponsorship

Business & Money: 8 Sep 11
German engineering giant Siemens said Wednesday it was ending its partnership with the Bayreuth Festival of which it was one of the main sponsors. READ »

Siemens third quarter profits dip

Business & Money: 28 Jul 11
German industrial giant Siemens unveiled on Thursday charges that drove its third-quarter net profit 65 percent lower than in the same period last year, a sharper decline than analysts had expected. READ »

Patent row escalates between Samsung and Osram

National: 17 Jul 11
South Korea's Samsung LED said on Sunday it had asked the US International Trade Commission to ban US imports of goods made by Osram due to a patent row with the German lighting firm. READ »

Nokia and Siemens keep NSN joint venture

Business & Money: 13 Jul 11
German industrial giant Siemens and Finnish mobile phone maker Nokia will continue with their Nokia Siemens Networks (NSN) venture after failing to find buyers for part of it, NSN said on Wednesday. READ »

German cities among Europe's greenest

Society: 22 Jun 11
German cities are among the greenest in Europe, according to a new survey analysing a host of factors and ranked urban centres across the world depending on their environmental performance. READ »

Big business makes plea to 'save the euro'

Business & Money: 21 Jun 11
Dozens of Germany's leading business executives have made an impassioned defence of Europe's common currency in a newspaper ad campaign urging angry taxpayers to look beyond the cost of bailouts to the benefits the euro. READ »

Deputies return from Greece with tales of woe

National: 29 May 11
With Germany angry at the prospect of providing more aid to debt-ridden Greece, it might come as a surprise to hear German deputies agreeing, upon returning from Athens, that people there are hurting. READ »

Shipbuilder HDW sinks Greek sub order

Business & Money: 17 May 11
German shipbuilding group HDW has pulled out of a subcontractor deal to build two submarines at an Arab-owned shipyard in Greece amid ongoing controversy surrounding the project. READ »

First offshore commercial wind farm goes online

Business & Money: 2 May 11
Chancellor Angela Merkel will help unveil Germany’s first commercial offshore wind farm, Baltic 1, on Monday. READ »

Deutsche Bahn spending €600 mln on diesel trains

Business & Money: 18 Apr 11
Deutsche Bahn said on Monday it had ordered 200 diesel locomotives for passenger and freight train – an investment of up to €600 million ($859 million). READ »

Merkel blocks India-Iran oil payments

Politics: 5 Apr 11
Chancellor Angela Merkel has put a stop to plans that have irked Washington and Israel for India to channel oil payments to Iran through the German central bank, a press report said Tuesday. READ »

Pay back to pre-crisis levels for top bosses

Business & Money: 30 Mar 11
Wages earned by top German bosses have climbed back to pre-crisis levels but are tied more closely to a company's longer-term performances, a private study showed on Wednesday. READ »

What's on in Germany: March 17 - 23

Lifestyle: 17 Mar 11
This week's highlights: Nan Goldin's photography in Berlin, Japanese film in Cologne, and British jazz in Hamburg. READ »

Broken vacuum cleaner sets off terror alert

Society: 28 Feb 11
The war on terror recently became a battle for a clean floor in Germany after a man of Tunisian descent found out his order of a vacuum cleaner part had been flagged on a terrorism watch list. READ »

Siemens ready to spend billions on takeovers

Business & Money: 14 Feb 11
Industrial giant Siemens is reportedly preparing to spend billions of euros on new acquisitions. In particular, the company is eyeing a big expansion of its power network and automation businesses. READ »

Siemens wins huge US wind turbine order

Business & Money: 28 Dec 10
German engineering group Siemens said Tuesday it has won a contract that could be worth some €600 million ($790 million) to supply 258 wind turbines to a US power company. READ »

Wikileaks reveals potential terrorist targets

National: 6 Dec 10
Wikileaks released another sensitive US diplomatic cable over the weekend, this time detailing overseas sites Washington considers vital to global security and threatened by terrorism – among them several German assets. READ »

Germany has worst gender equality in top jobs

Business & Money: 27 Nov 10
The proportion of German women in management positions in the country's top companies is as low as in India, a new study has found. READ »

Siemens wins court battle over Chunnel bid

Business & Money: 30 Oct 10
French engineering giant Alstom failed Friday in a court bid to prevent cross-Channel train operator Eurostar from buying trains made by its German rival Siemens in a deal worth €600 million. READ »

Siemens lands major contract to build trains for Amtrak in US

Business & Money: 29 Oct 10
German engineering group Siemens said Thursday it has been awarded a $466-million contract to build 70 electric locomotives for US rail company Amtrak's busy northeastern routes. READ »

German firms donate $1.7 million to US election campaign

Politics: 22 Oct 10
German companies have contributed some $1.7 million to candidates and parties running for the upcoming US midterm elections, with pharmaceutical company Bayer donating the most cash, a media report said on Friday. READ »

Alstom sues to block Eurostar purchase of Siemens trains

Business & Money: 20 Oct 10
French engineering giant Alstom is suing to block cross-channel rail company Eurostar from buying trains made by its German competitor Siemens, an Alstom spokeswoman said Wednesday. READ »

ICE train makes first Chunnel test trip

National: 13 Oct 10
A German high-speed ICE train entered the Channel tunnel between France and England for the first time Wednesday on a test run aimed at breaking French-built trains' monopoly on the route. READ »

Siemens to supply new Eurostar trains

Business & Money: 7 Oct 10
German firm Siemens has scored a victory over a French rival with European railway operator Eurostar announcing Thursday it had ordered 10 high-speed Siemens trains. READ »

Cyber worm found at German industrial plants

National: 2 Oct 10
German engineering giant Siemens has confirmed that the "Stuxnet" virus – a potentially devastating cyber worm – has been detected at German industrial plants that employ the company's technology, according to a Saturday report. READ »

ThyssenKrupp abandons Iran

Business & Money: 23 Sep 10
ThyssenKrupp on Thursday became Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the Islamic republic over its nuclear programme. READ »

Siemens protects 128,000 jobs in Germany

Business & Money: 22 Sep 10
German engineering giant Siemens has agreed to protect the jobs of 128,000 domestic employees indefinitely, a media report said on Wednesday. READ »

Siemens lands huge North American wind power orders

Business & Money: 10 Aug 10
Germany's Siemens said Tuesday it has won two orders in the United States and Canada to supply wind turbines that experts said were worth around €800 million ($1.1 billion). READ »

Siemens to cut 2,000 German IT jobs

Business & Money: 4 Aug 10
Industrial giant Siemens said on Wednesday that it would cut 2,000 jobs in its German IT solutions and services (SIS) unit, part of a broader programme initially unveiled in March. READ »

Siemens ditches partial work scheme

Business & Money: 31 Jul 10
German industrial group Siemens said Friday that it has resumed full-time work schedules at German sites owing to a pick-up in demand, following the lead of the auto industry. READ »

Economy in 'party mood,' survey finds

Business & Money: 23 Jul 10
Germany’s business climate has shown the biggest monthly improvement since reunification, the respected Ifo economic institute reported Friday, in another sign that the crisis is but a distant memory. READ »

Merkel pushes China to open its markets

Business & Money: 16 Jul 10
German Chancellor Angela Merkel on Friday prodded China to ease access to its markets, as the world's top two exporting nations signed a series of deals reportedly worth several billion dollars. READ »

Siemens lands Russian train and turbine deals

Business & Money: 15 Jul 10
German engineering giant Siemens on Thursday signed deals worth several billion euros for the supply of trains and wind turbines to Russia, as the country embarks on a drive to modernise its outdated economy. READ »

Siemens said to secure major Russian rail deal

Business & Money: 13 Jul 10
German industrial group Siemens has won a major contract from Russian Railways to be signed during a visit by Chancellor Angela Merkel this week, government sources in Berlin said Tuesday. READ »

Professor dead after vintage electric car crash

National: 23 Jun 10
An Erlangen professor was killed when he crashed a replica vintage Siemens electric car this week in the Black Forest, but the cause of the accident remains a mystery, a media report said on Wednesday. READ »

Siemens planning massive new Munich headquarters

Business & Money: 14 Jun 10
In the wake of major corporate restructuring, German engineering conglomerate Siemens is planning a new Munich headquarters that the industrial giant hopes will revitalise its image as well as an entire city block. READ »

German companies to build world's biggest wind park

Business & Money: 4 Jun 10
German companies Siemens, RWE and SWE are teaming up to build the world’s largest wind park off the coast of Wales in the Irish Sea, they announced together on Friday. READ »

Merkel begins Gulf tour in Abu Dhabi

Politics: 25 May 10
German Chancellor Angela Merkel has arrived in Abu Dhabi for the first leg of a four-nation Gulf tour and promptly signed a series of accords, including on hydrocarbon sector cooperation. READ »

University graduates pick Audi as best place to work

Business & Money: 20 May 10
Germany’s most attractive employer among this year's crop of university graduates is Ingolstadt-based luxury carmaker Audi, a survey showed this week. READ »

Cracking the corporate glass ceiling

Society: 28 Apr 10
Chancellor Angela Merkel might frequently be ranked the world's most powerful woman, but as Kyle James reports, gender inequality in the workplace remains a stubborn problem in Germany. READ »

Expensive military IT project 'Herkules' does not compute

Science & Technology: 27 Apr 10
A multi-billion-euro IT project created especially for the German military by electronics company Siemens and computer firm IBM could likely flop, a media report said on Tuesday. READ »

Former Siemens execs fined for corruption

Business & Money: 20 Apr 10
A court handed two former Siemens executives suspended sentences and hefty fines Tuesday for their part in a corruption scandal that engulfed the German industrial giant in 2006. READ »

Konrad who? Unsung computer pioneer remembered

Science & Technology: 19 Apr 10
The inventor of the computer was a little known German engineer named Konrad Zuse, according to a new museum exhibition that seeks to revive the unsung hero’s notoriety. READ »

Daimler to 'restructure' Iran business ties

Business & Money: 14 Apr 10
Automaker Daimler became the latest German corporate giant to give in to international pressure over its business ties with Iran on Wednesday, saying it would "restructure" its activities there. READ »

Daimler pays out to settle bribery claims

Business & Money: 2 Apr 10
German automaker Daimler pleaded guilty to US charges of bribery and agreed to pay €136 million to settle the affair, the US government said overnight Friday. READ »

Green Technologies: Wind

Science & Technology: 1 Apr 10
Germany has long been a leader in “green” technologies, but it’s facing growing competition from around the globe. In a special report for The Local, Sally McGrane examines the energy challenges and opportunities of the 21st century. READ »

'Merkel bonus' fails to save German women from pay gap

Business & Money: 30 Mar 10
Telecommunications group Deutsche Telekom this month unveiled a quota for female senior executives, but even with more women managers, Germany as a whole still trails far behind in pay equality between the sexes. READ »

Siemens plans UK plant for wind turbines

Business & Money: 29 Mar 10
German industrial giant Siemens said Monday it planned to build plant for offshore wind turbines in Britain, investing some 80 million pounds (€89 million) and creating more than 700 jobs. READ »

Siemens plans 4,200 job cuts worldwide

Business & Money: 18 Mar 10
German industrial giant Siemens announced on Thursday a broad restructuring of its SIS information technology division that includes the elimination of 4,200 jobs worldwide. READ »

Siemens to cut 1,000 jobs in spin-off

Business & Money: 17 Mar 10
The German industrial group Siemens will cut at least 1,000 jobs as it restructures its SIS information services unit with an eye towards listing it on the stock market, a press report said on Wednesday. READ »

Deutsche Telekom introduces quota for women executives

Business & Money: 15 Mar 10
Europe's biggest telecommunications group, Deutsche Telekom, said Monday it would introduce a 30-percent quota for women in senior positions by the end of 2015. READ »

Top exec salaries remain high despite crisis

Business & Money: 12 Mar 10
Germany’s top business executives last year brought home handsome paycheques worth only marginally less than what they earned before the country's worst recession since World War II. READ »

Tech fair CeBIT hopes new gadgets will woo back consumers

Science & Technology: 2 Mar 10
CeBIT, the world's biggest technology trade fair, opened to the public in Hannover on Tuesday, as the beleaguered IT sector sought to woo consumers with trendy gadgets to make life easier and more fun. READ »

Bringing 3D television to a living room near you

Science & Technology: 26 Feb 10
Three-dimensional TV pioneers are predicting groundbreaking new technology will revolutionise storytelling and live sport without the need for funky 3D glasses in just a few short years. READ »

Germans stick with homegrown classic brands during tough times

Business & Money: 24 Feb 10
Faced with trying economic times, Germans chose homegrown classics when picking the brands they trusted the most in a new survey. READ »

Once upon a time in Goslar

Travel: 23 Feb 10
The fairytale town of Goslar makes a great base for exploring northern Germany’s Harz region. Campbell Jefferys visits the popular UNESCO World Heritage site in Lower Saxony. READ »

Germany raises pressure on Iran over nukes

National: 19 Feb 10
Chancellor Angela Merkel said Friday the international community had little choice but to consider fresh sanctions on Iran as Germany's two biggest insurers pulled out of the Islamic republic. READ »

Munich Re to stop doing business in Iran

Business & Money: 19 Feb 10
Munich Re, the world's biggest reinsurer, on Friday became the latest German firm to pull out of Iran as pressure grows for new sanctions against the Islamic republic over its nuclear programme. READ »

Don't mess with Bavaria

Society: 4 Feb 10
Loud, proud and fiercely independent, Bavaria is Germany’s Texas. But are laptops starting to beat out lederhosen? Lois Jones takes the former kingdom’s temperature. READ »

Siemens unveils 'green' investment in India

Business & Money: 2 Feb 10
German industrial group Siemens said Tuesday it would spend 16 billion rupees ($346 million) in India, mainly in renewable energy, as part of a drive to step up investment in the country. READ »

German police officers brought back from Iran

National: 30 Jan 10
Two German policemen working at their country's embassy in Tehran have been brought home after being targeted by Iranian intelligence, according to the weekly Der Spiegel. READ »

Siemens to eliminate nearly 2,000 jobs

Business & Money: 28 Jan 10
The German industrial group Siemens said Thursday it would eliminate around 1,990 German jobs in its machine tool and industrial services activities. READ »

Diplomats reportedly arrested in Iran

National: 27 Jan 10
Iran said Wednesday it arrested two German diplomats for allegedly having a hand in deadly anti-government protests which erupted on a Shiite Muslim holy day last month. READ »

Women still rare in German boardrooms

Business & Money: 27 Jan 10
Women are dramatically under-represented in the boardrooms of major corporations in Germany and need state-imposed quotas to achieve parity, a study published Wednesday said. READ »

Merkel warns Iran of coming sanctions

Politics: 26 Jan 10
German Chancellor Angela Merkel ramped up pressure on Iran Tuesday over its disputed nuclear programme, saying next month would be a critical time for the world community to decide on sanctions. READ »

Deutsche Bahn picks Siemens as 'preferred bidder' for train order

Business & Money: 25 Jan 10
Germany's rail operator Deutsche Bahn Monday said it had selected industrial giant Siemens as its "preferred bidder" for a record order of 300 trains worth up to €6 billion. READ »

German firms to build giant British offshore wind farms

Science & Technology: 9 Jan 10
German companies have won contracts worth more than €100 billion to build Britain’s planned network of offshore wind farms in the North Sea. READ »

German companies falter in global market value rankings

Business & Money: 8 Jan 10
Only four German companies are among the world’s top 100 most valuable firms – half as many as the previous year, according to a study published this week. READ »

DAX companies cut 116,000 jobs in 2009

Business & Money: 28 Dec 09
Germany's largest companies, represented on the DAX stock market index, cut 116,000 jobs worldwide in 2009, a survey published Monday has revealed. READ »

Siemens partners with Dong Energy for stake in Lincs wind project

Business & Money: 23 Dec 09
German industrial group Siemens and Danish group Dong Energy said Wednesday they would boost cooperation in the offshore wind power sector with a jointly-held stake in the British project Lincs. READ »

Siemens probed over Iran exports

National: 12 Dec 09
German technology giant Siemens is being investigated by the government over two deliveries to Iran that may have broken export law. READ »

Siemens posts billion euro loss

Business & Money: 3 Dec 09
German industrial giant Siemens said Thursday it suffered a net loss of €1 billion in the last quarter of its 2008/09 fiscal year, and expected the current year to be worse. READ »

Siemens snaps up solar energy firm

Business & Money: 15 Oct 09
German conglomerate Siemens on Thursday announced the purchase of Solel Solar Systems, a maker of panels used in power plants harnessing the sun's rays to generate electricity. READ »

Scruffy Berlin looks to future in high finance

Business & Money: 17 Sep 09
Most people wouldn’t consider the scruffy German capital an innovative financial centre, but as Michael Dumiak reports, some serious business is going down not far from Berlin’s once-infamous Zoo train station. READ »

Germany is not Opel

Analysis & Opinion: 11 Sep 09
We are Opel. The motto showing support for Opel workers certainly has its charm. But it also shows the ridiculous importance Germans have attached to the fate of the struggling carmaker, argues Der Tagesspiegel’s Moritz Döbler. READ »