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English | Financial news with a German perspective

Reports, insights, analyses and opinions on Europe's biggest financial market.

Apollo is buying a 50% stake in Danish developer Ørsted’s British offshore wind project Hornsea 3.

Apollo invests record sum in Europe’s energy infrastructure

Apollo is investing a record 17 billion dollars in European energy infrastructure in 2025. The latest deal by the US private equity firm involves a 50% stake in the UK offshore wind farm Hornsea 3, being developed by Ørsted.Show more
Private Equity
by Christoph Ruhkamp
Online shopping with buy-now-pay-later options is growing in popularity.

More consumers relying on small loans

The sluggish economy is impacting consumer finance providers, as reflected in rising loan loss provisions expected in 2025. Regulators, however, are not currently expressing much concern.Show more
AnalysisConsumer finance
by Tobias Fischer
VW stellt ersten selbstentwickelten KI-Chip für China-Modelle vor

VW China to develop its own System-on-Chip

Volkswagen aims to gain a competitive edge in China by developing its own System-on-Chip. The plan was announced at last week's China International Import Expo in Shanghai.Show more
Driving technology
by Carsten Steevens
STP One services include AI-driven contract analysis.

Septeo acquires legal technology software company STP One

Karlsruhe-based legal software technology company STP One is being acquired by Septeo, which is a portfolio company of private equity firm Hg Capital. The two will be merged to form a European legal tech platform.Show more
Private equity
by Christoph Ruhkamp
Heiner Herkenhoff has been Chief Executive of the Association of German Banks (BdB) since April 2023.

„We need a clear, reliable CO₂ price“

The Association of German Banks is strongly advocating emissions trading as a key control instrument in climate policy. Chief Executive Heiner Herkenhoff sees the new Emissions Trading System (ETS-2) not as a burden, but as a signal for investment.Show more
Interview withHeiner Herkenhoff (Association of German Banks)
by Andreas Heitker
Siemens Healthineers CEO Bernd Montag.

Tariffs and a strong euro are slowing Healthineers down

Siemens Healthineers expects at best flat earnings in the new 2025/26 financial year, despite targeting revenue growth of 5 to 6 percent. An announcement is imminent on the strategy of parent company Siemens with regard to reducing its 70% stake.Show more
Medical technology
by Michael Flämig
Maintenance of an engine at MTU’s Berlin-Brandenburg site.

Recovery in global air traffic makes MTU optimistic

Engine manufacturer MTU expects operating profit to rise by about one quarter this year. Demand is strong – and the aviation industry is being spared from US import tariffs.Show more
MTU Aero Engines
by Joachim Herr
Toyota defied the sharp increase in US import duties with unexpectedly strong sales growth.

Hybrids keep on running and running and running

Despite the sharp increase in US import duties, Toyota's sales in the US are growing faster than the overall market. Toyota's focus on hybrids has proven successful with the average car buyer.Show more
OpinionToyota sales in the US
by Martin Fritz
A military truck at the Rheinmetall MAN Military Vehicles plant in Vienna.

Rheinmetall forms an alliance to produce military fuel

Rheinmetall is launching an industrial alliance with German cleantech startups to produce synthetic fuels. The aim is to secure an independent and reliable supply of fuel for the military in case of emergency.Show more
GigaPtX consortium
by Christoph Ruhkamp
Puma CEO Arthur Hoeld.

New CEO sharpens the brand profile

New Puma CEO Arthur Hoeld has outlined his strategy to return to growth. A reduced number of product lines, cost cutting, and a clearer brand focus are on the agenda for the 2026 transition year.Show more
Puma
by Joachim Herr
Aurubis CFO Steffen Hoffmann

The decade of metals has begun

Multimetal producer Aurubis is highly sought after by investors this year. The MDax company, valued at around 5 billion euros, wants to profit from metal demand generated by technological megatrends. Show more
CFO-Interview withSteffen Hoffmann, Aurubis
by Carsten Steevens
Tipico will be merged with Betclic.

CVC sells Tipico to French entertainment group Banijay

The French entertainment group Banijay is acquiring the German sports betting provider Tipico and is merging the company with Betclic. The new entity will be the fourth-largest European sports betting company.Show more
Sports betting market
by Christoph Ruhkamp
Crypto assets are also subject to tax.

Tax authorities cracking down on crypto transactions

Many investors seem to fail to realise that crypto asset gains are subject to tax. The North Rhine-Westphalia tax authorities have accessed a large data package, and are now chasing tax payments.Show more
AnalysisNew reporting rules
by Angela Wefers
Friedrich Merz (CDU) has called for the creation of a joint European stock exchange.

Merz stops short of addressing the real problem

Chancellor Friedrich Merz has called for a joint European stock exchange. But policymakers have more powerful tools at their disposal – such as unified capital market regulations and pension reform.Show more
OpinionJoint European stock exchange
by Sebastian Schmid
Martin Kassing is one of the founders and CEO of Upvest.

Upvest says it is well positioned for early start pensions

Things are going pretty well for Upvest at the moment. The Berlin-based company has won a prestigious mandate for securities trading with DKB, and is well positioned to benefit from the early start pensions initiative.Show more
A conversation withMartin Kassing, Upvest
by Björn Godenrath
CCS and CCU are considered indispensable on the path to decarbonising industry.

Time to put all that carbon dioxide underground

In some industrial sectors, capturing and storing CO₂ underground is considered essential to meet climate change targets. The German legal framework required for CCS is set to be passed by the end of the year.Show more
AnalysisCarbon Capture and Storage
by Andreas Heitker
Protectionism is high on the agenda at the White House. But the EU is hardly beyond reproach.

A regressive turn in trade policy

The rise of protectionism is eroding global prosperity. The United States may be the cautionary example, but the EU has its own problems with internal trade barriers.Show more
EditorialProtectionism
by Martin Pirkl
Left to Right. Sebastian Schmid (Börsen-Zeitung), Tom Alzin (DBAG), Prof. Gerd Merke (Euroroc), Timo Tauber (Viessmann Industries Holding).

Family businesses are getting closer to private equity

The relationship between family owned businesses / SMEs and private equity investors is changing. In particular the younger generation of company owners are willing to work with private equity.Show more
Private Markets Week 2025SMEs
by Detlef Fechtner
Seit über 50 Jahren war kein Mensch mehr auf dem Mond. Das dürfte sich in den kommenden Jahren ändern.

The race for space’s treasures

The United States and China are competing for dominance in space, while Europe lags behind. Outer space offers not only crucial applications for research and the military, but also significant opportunities for industry.Show more
AnalysisIndustrial policy in outer space
by Martin Pirkl
CEO Miguel Ángel López Borrego is restructuring the Thyssenkrupp group.

„We need industrial champions in Europe“

Thyssenkrupp CEO Miguel López supports the creation of major industrial players in Europe. He envisages more spinoffs at Thyssenkrupp, transforming the conglomerate into a financial holding company positioned as a dividend stock.Show more
Private Markets Week 2025A conversation with Thyssenkrupp CEO Miguel López
by Heidi Rohde
Jens Eisenschmidt, Chief Europe Economist at Morgan Stanley.

„We have become too closed off in Europe.“

Jens Eisenschmidt, Chief Europe Economist at Morgan Stanley, and former ECB economist, discusses the competitiveness of Europe as a business locations, the Green Deal, and the global impact of US tariffs.Show more
Interview withJens Eisenschmidt, Morgan Stanley
by Alexandra Baude
Künftig soll grüner Stahl Kern des Geschäftsmodells am Standort Salzgitter sein

Salzgitter uses Aurubis stake for convertible bond offering

Salzgitter AG has used its stake in Aurubis to raise funds via a convertible bond. But it says that it remains committed to holding a substantial stake in the copper group – which is currently just under 30%.Show more
Bond offering
by Carsten Steevens
Telecoms and navigation are two important areas where Europe seeks more strategic autonomy.

European satellite giant to be based in Toulouse

The merger of the space activities of Airbus, Thales, and Leonardo is expected to be completed by mid-2027. The three companies say that the new joint venture aims to strengthen Europe’s strategic autonomy in space.Show more
New joint venture for strategic autonomy in space
by Gerhard Bläske and Gesche Wüpper
Cambridge Associates CEO David Druley.

“More billionaire families as clients than any other wealth advisor in the world“

Cambridge Associates is stepping up its efforts to attract clients in Europe, and is opening a new office in Milan. CEO David Druley discusses the company's strategy in an interview with Börsen-Zeitung.Show more
Interview with David Druley and Alexander Koriath, Cambridge Associates
by Michael Flämig
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