Latest news and updates in business

BERLIN – A recent decision by the German government to significantly reduce aviation taxes, intended to revitalize the nation's air travel sector, is poised to offer limited immediate relief as a severe global shortage of aircraft continues to plague airlines. While the tax cut, set to take effect by mid-2026, promises annual savings of hundreds of millions of euros for carriers, the enduring inability to acquire new jets or rapidly expand existing fleets means the envisioned surge in connectivity and competitiveness may remain largely grounded.
The German government has moved to reverse a controversial 2024 increase in its air traffic ticket tax, signaling a strategic shift aimed at bolstering the country's aviation industry

BRUSSELS, Belgium – Chinese e-commerce behemoths Shein and Temu are rapidly expanding their footprint across Europe, fundamentally reshaping the retail landscape with their ultra-affordable offerings and aggressive digital strategies. This westward pivot comes as both companies face increasing headwinds and regulatory pressures in the United States, positioning Europe as a critical battleground for future growth

A colossal compensation package for Tesla CEO Elon Musk, potentially valued at up to $1 trillion, has received shareholder approval, cementing an unprecedented gamble on the company's ambitious ventures into robotaxis and artificial intelligence-powered humanoid robots. This extraordinary deal ties Musk's future earnings directly to the realization of a futuristic vision, repositioning Tesla far beyond its origins as an electric vehicle manufacturer and into the realm of AI and robotics dominance.
The approval, which occurred at Tesla's annual meeting in Austin, Texas, reflects a decisive vote of confidence from a majority of shareholders, despite significant criticism and ongoing legal challenges surrounding a prior compensation plan

HELSINKI – In a profound geopolitical shift, Finland has decisively embarked on an ambitious nuclear power strategy to shed its historical reliance on Russian energy, a move accelerated by the full-scale invasion of Ukraine in February 2022. The commissioning of the Olkiluoto 3 (OL3) nuclear reactor and the swift cancellation of a Russian-backed project underscore Finland's commitment to energy independence, transforming its energy landscape and bolstering national security

BERLIN – Google's recent announcement of a monumental €5.5 billion investment in German digital infrastructure through 2029, encompassing new data centers and expanded offices, has ignited a complex national dialogue, weighing the promise of technological advancement and economic growth against deeply ingrained concerns over data privacy, environmental impact, and digital sovereignty. While government officials largely welcome the tech giant's commitment as a significant boost to Germany's digital ambitions, a palpable wariness permeates public discourse and expert analysis, reflecting the nation's historical caution regarding the control and implications of digital power.
Google's substantial investment, billed as its largest to date in Germany, targets the construction of a new data center in Dietzenbach, near Frankfurt, and further expansions at its existing Hanau facility, which commenced operations in 2023

American multinational corporations, long accustomed to robust growth in the burgeoning Chinese market, are undergoing a significant strategic re-evaluation, driven by intensifying local competition, a cooling economy, and complex geopolitical currents. Brands from Starbucks to Burger King are not merely adjusting tactics; they are fundamentally rethinking their operational models and partnership structures to navigate a landscape vastly different from the one that initially drew them to China's vast consumer base

A quiet revolution is underway across Germany's agricultural heartland, where farmers are increasingly facing a stark choice: continue traditional farming methods on drained lands that exacerbate climate change, or venture into the unfamiliar, often risky, territory of "paludiculture" – farming on rewetted wetlands. This transformative shift, driven by urgent climate goals, is turning centuries of land management on its head, presenting both immense challenges and profound opportunities for a sustainable future.
For generations, German farmers drained vast peatlands, transforming marshy landscapes into arable fields for crops and pastures for livestock

BRUSSELS — Europe is embarking on a pivotal and complex journey to redefine its technological landscape, increasingly signaling a move to distance itself from Chinese technology giants like Huawei. Propelled by mounting national security concerns, geopolitical tensions, and an assertive drive for digital sovereignty, the continent is debating and enacting measures aimed at reducing its profound reliance on Chinese tech, especially in critical infrastructure

Berlin, Germany – As humanity’s footprint expands into the cosmos, the silent threat of orbiting space debris intensifies, jeopardizing critical satellite infrastructure and future space exploration. In response to this escalating challenge, a nascent German initiative, spearheaded by ambitious students, is emerging to develop innovative solutions for mitigating this cosmic clutter

Berlin, Germany – German industry finds itself in a profound dilemma, navigating the turbulent waters between compelling economic imperatives and mounting geopolitical pressures. Despite persistent calls from Berlin and Brussels to "de-risk" from China, German companies are deepening their engagement with the Asian economic powerhouse, demonstrating a stubborn reliance that highlights the immense challenges of disentanglement

LISBON – Portugal is rapidly emerging as a burgeoning hub for the global data center industry, positioning itself as a critical digital gateway connecting Europe, Africa, and the Americas. This ambitious push, fueled by substantial international investments and the strategic advantage of numerous submarine cable landing points, promises to inject billions into the national economy and create thousands of jobs

Washington D.C. & Brussels – As the European Union’s ambitious trade pact with the Mercosur bloc faces persistent hurdles, the United States is redoubling its efforts to deepen economic ties with Latin America, aiming to redefine regional partnerships and counter growing geopolitical competition

The United States grapples with a healthcare paradox: it spends more per capita on healthcare than any other developed nation, yet lags behind many in key health outcomes like life expectancy and infant mortality. This exorbitant spending, which reached an estimated $14,885 per person in 2024 and comprised 18% of the nation's GDP in 2023, is fueling a crisis that burdens individuals, businesses, and the federal budget

Berlin, Germany – Once revered as an exemplar of industrial prowess, precision engineering, and economic stability, Germany finds itself under increasing scrutiny as a new podcast series from DW Business, "Delayland: Germany and the Missing Magic," delves into the nation's growing struggles with inefficiency and economic stagnation. The series arrives at a pivotal moment, with Europe's largest economy battling persistent challenges that have led some to question if the country is losing its famed "magic."
The "Delayland" podcast explores the tangible manifestations of this decline, from notoriously late trains and crumbling infrastructure to stifling bureaucratic red tape and a once-dominant automotive industry facing unprecedented global competition

Germany's venerable industrial landscape, long a bastion of precision engineering and manufacturing prowess, is undergoing a profound transformation as its leading companies aggressively adopt artificial intelligence (AI). Driven by intense global competition and the imperative for enhanced efficiency, giants like Bosch, Volkswagen, BMW, Siemens, and ThyssenKrupp are integrating AI across their operations, from the factory floor to supply chain management, signaling a pivotal shift in the nation's economic strategy