Environmental activists across the world have slammed German engineering conglomerate Siemens after it decided to carry on with a controversial coal mine project in Australia.
German industrial conglomerate Siemens cleared a hurdle Tuesday in its race with US-based General Electric to
rebuild Iraq's electricity grid, signing a "roadmap" at a Berlin meeting with top ministers.
President Trump's decision to pull the US out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions will hit a number of German and European businesses working in Iran.
Falling demand for gas turbines weighed on Siemens's quarterly earnings Thursday, but the German conglomerate stuck to its confident outlook as it unveiled a major revamp to make its industrial divisions more profitable.
The maker of France's iconic TGV trains Alstom and German industrial leader Siemens signed on Friday an agreement on creating a global leader in the rail industry.
Shares in Siemens' Healthineers unit surged in their debut on the Frankfurt stock exchange Friday, after the industrial giant raised €4.2 billion in a more muted than expected initial public offering.
Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly
outspoken against the plans.
German industrial conglomerate
Siemens plans to slash thousands of jobs in its power and gas division hit by a drop in orders, a German magazine report said on Thursday.
The maker of France's TGV trains announced on Tuesday a "merger of equals" with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion.
German industrial conglomerate Siemens said Friday it would scale back its operations in Russia after confirming gas turbines it sold to companies there had been diverted to Ukraine's Russian-annexed Crimea region in breach of sanctions.
A former top executive of German giant Siemens pleaded guilty on Wednesday in the US to a massive bribery scheme to win a $1 billion contract with the Argentine government.
German engineering giant Siemens said on Thursday that it would slash an additional 4,500 jobs worldwide, on top of 7,400 cuts previously announced as part of an ongoing restructuring plan.
Hopes of saving Berlin’s new international airport have fallen on the shoulders of a Siemens engineer. Jörg Marks was named technical director of the disastrous project on Wednesday and said completing the €5-billion airport was “technologically feasible”.
Fifty foreign technicians including eight German nationals working for Siemens have been flown to safety from northern Iraq after becoming encircled by Sunni Islamist militant forces.
German industrial giant Siemens said on Sunday it was ready to discuss strategic opportunities with French engineering group Alstom after reports it was considering a takeover offer.
German industrial giant Siemens will be pouring long-term investment into Russia despite outcry over Crimea, the company reportedly told President Vladimir Putin on Wednesday.
Germany's tech pioneers were honoured on Monday as three of the country's companies made it onto the 2013 Thomson Reuters list of the world's Top 100 Innovators - two more than last year.
German engineering and technology giant Siemens said on Sunday it planned to slash 15,000 positions worldwide by late next year as part of a cost-cutting drive, including 5,000 in its home country.
German engineering giant Siemens is due to dramatically oust its chief executive Wednesday and immediately replace him to help restore investor confidence hard on the heels of a profit warning.
German engineering giant Siemens announced late Saturday that chief executive Peter Löscher was to be fired after failing to get the company back on track.
