Germany’s automotive industry, once a symbol of national pride, is in crisis. The mood among car manufacturers is grim, with industry giant Volkswagen cutting jobs.
Year: 2024
Analysts Recommend Buying NVIDIA Stock Ahead of Earnings Report Amid AI Boom
In the midst of the ongoing AI boom, experts continue to favor NVIDIA, advising investors to purchase the stock ahead of the company’s upcoming earnings
Rheinmetall Stock Rises 3.60% to Lead the DAX Index
Rheinmetall’s shares have surged by 3.60%, placing the defense company’s stock in the top third of the DAX index. Currently, the stock is priced at
Chinese Robots Flooding European Market with Low Prices and Good Service
Following the tariffs on electric vehicles (EVs) from China, a new conflict is brewing: Chinese robot manufacturers are making significant inroads with European companies, especially
Skoda Elroq Achieves Up to 560 km Range
The newly released numbers are not entirely surprising, as the Elroq is based on the well-known VW MEB platform. However, there are some intriguing points
Electric Car Sales Decline in Europe
Electric cars are selling better in many European countries than they did last year. However, the significant drop in Germany is impacting the overall European
German Companies in China Complain About Price Pressure
Ahead of the visit by Germany’s Federal Minister for Economic Affairs, Robert Habeck, to China, German companies in the country have called for more support
Retail Sales in the Eurozone Decline More Than Expected
Retailers in Eurozone countries have experienced a decline in sales, highlighting ongoing economic challenges. In April, retailers in Eurozone countries faced a 0.5% drop in
The Sharp Decline in Self-Consumption Worsens, Dropping 26% in 2024 and Severely Impacting the Industry
The adjustment in demand for photovoltaic self-consumption continues to worsen in 2024. So far this year, the decline in installed capacity has reached 26.31%. The
Chinese Scientists Develop Cost-Effective Method for Producing Sanction-Resistant Chips
Chinese scientists have developed a low-cost method for mass-producing optical chips used in supercomputers and data centers. This technique employs lithium tantalate and could help
