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Tu worked in Japan for two years but left when the devaluing yen lowered the value of his savings, which he intended to use back home in Vietnam He eventually set his eyes on Germany. The reasons were quite simple: Germany was experiencing a lack of labor…
German prosecutors raided the offices of asset manager DWS and its controlling shareholder Deutsche Bank over allegations of greenwashing, according to media reports. Deutsche Bank and its around 80 percent-owned asset manager DWS were raided over allegations…
Europe’s most valuable fintech has already amassed 18 million app users worldwide. Some of those are about to become bank customers. The London-headquartered neobank is launching as a bank in ten additional European markets, lifting the number of countries it…
Frozen pork imports nearly tripled in the first 10 months of this year to 332,000 tons, according to the General Department of Vietnam Customs. Also imported were 350,000 pigs on the hoof from Thailand, a 50 percent increase year on year. Together they cost…
Germany will probably decide by the end of the year how much state aid U.S. electric vehicle maker Tesla will receive for its planned battery cell factory near Berlin, an economy ministry spokesperson said on Sunday. The European Union in January approved a…
Metro aims to cease the operative business by the end of October 2021, whereby all 10 stores and the delivery business will be closed. The company has thoroughly analysed alternative options but sees no path to profitable growth and a leading wholesale…
German luxury fashion house Hugo Boss has launched its first Boss flagship store on Tokyo’s famous shopping street the Ginza. Spanning two stories, the Hugo Boss Japan flagship occupies 480sqm of the Tokyu Plaza Ginza shopping centre. The store features a…
In a bid to speed up its e-mobility drive, the German carmaker Porsche is reportedly planning to set up a factory to produce battery cells for electric vehicles. This plan was confirmed by the company’s CEO to a local German newspaper. The European carmakers…
BMW’s third-quarter profit rose almost 10% thanks to Chinese demand for luxury cars, but the German automaker warned a new wave of coronavirus infections sweeping Europe and the United States posed a “considerable” risk to its business. Sales of luxury models…
German-themed restaurant chain Brotzeit engaged a design firm to create a virtual walkthrough video of its new outlet to promote the venue during the coronavirus crisis. The 3D walkthrough video of Brotzeit’s new restaurant in Hong Kong was put together by 5…
Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday. Volkswagen said in a statement after…
German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labor, an executive said on Tuesday.The announcement came as the London Metal…
Germany’s motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday. A spokesman for Daimler, owner of…
Roberto Cavalli has opened a sleek and luxurious 2,475 sq ft flagship in Berlin’s Charlottenburg district, inspired by Florence’s Renaissance architecture and the rich tones of Tuscany. The concept of the store has been created by the luxury brand’s creative…
A local scandal hasn’t dampened Retail Food Group’s international ambitions, with the franchise giant announcing that its troubled Gloria Jeans brand will expand into Germany. A 10-year master franchise agreement has been signed with a group of local…
German automakers, on course for record production this year, expect further output growth in 2018 powered by strong demand in Asia, the VDA carmakers’ lobby said. Producers including Volkswagen, Daimler and BMW may increase output “significantly” this year…
