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German union threatens retaliation as Volkswagen plans termination of wage agreements

German union threatens retaliation as Volkswagen plans termination of wage agreements

By Rachel More HANOVER, Germany, Sept 30 (Reuters) - Germany's top industrial union IG Metall threatened an escalation in its dispute with Volkswagen over German job cuts on Wednesday, after the carmaker said it plans to terminate a number of wage agreements, according to a union statement.
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BMW targets margin recovery with cuts and local production

BMW targets margin recovery with cuts and local production

By Christina Amann and Rachel More MUNICH, Sept 30 (Reuters) - German premium carmaker BMW will set out plans for more local production as it seeks to rebuild margins after a series of profit warnings tied to weak performance in China, Bernstein analysts said on Wednesday.
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German unemployment and state inflation rise in September

German unemployment and state inflation rise in September

By Maria Martinez BERLIN, Sept 30 (Reuters) - The number of unemployed people in Germany rose significantly more than expected in September and inflation rose in five states, pointing to a national increase.
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Analysis-Euro's dollar resilience faces energy price, political risk tests

Analysis-Euro's dollar resilience faces energy price, political risk tests

By Sophie Kiderlin and Dhara Ranasinghe LONDON, Sept 29 (Reuters) - The fortunes of the euro, trading not far off its lowest levels of the year against the dollar, are in the grip of a global energy shock and growing political risk in Europe.
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China's Gotion invests $1.25 billion in Volkswagen battery plant in Spain

China's Gotion invests $1.25 billion in Volkswagen battery plant in Spain

(changes "bln" to "billion" in headline) BERLIN, Sept 28 (Reuters) - China's Gotion will invest €1.1 billion ($1.25 billion) in Volkswagen's battery plant in Valencia, Spain, becoming a major investor in the site under a broader plan to jointly develop a European battery supply chain.
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Brazil briefed French, German officials on alleged US, Russian election interference

Brazil briefed French, German officials on alleged US, Russian election interference

By Gabriel Stargardter PARIS, Sept 30 (Reuters) - A French and German delegation travelled this month to Brasilia, where intelligence officials briefed them on alleged US and Russian interference before Brazil's election, according to sources and documents seen by Reuters.
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Inflation jumps across euro zone, raising pressure on ECB to hike

Inflation jumps across euro zone, raising pressure on ECB to hike

By Maria Martinez and Balazs Koranyi BERLIN, Sept 30 (Reuters) - Inflation rose far quicker than expected in some of the euro zone's biggest economies this month due to the energy-price shock of the Iran war, increasing pressure on the European Central Bank to raise interest rates again.
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Germany's Evonik rejects BASF's $11.7 billion bid, sources say

Germany's Evonik rejects BASF's $11.7 billion bid, sources say

Sept 28 (Reuters) - German chemicals manufacturer Evonik has rejected a €10.3 billion ($11.7 billion) takeover bid by BASF as too low, sources close to the negotiations said on Monday. BASF, one of the world's largest chemicals makers, had offered about €22.15 per Evonik share, the sources said.
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Bonds set for bruising September; stocks fare better

Bonds set for bruising September; stocks fare better

By Rae Wee SINGAPORE, Sept 30 (Reuters) - Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated.
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Analysis-From pickups to idle plants: automakers seek lifeline from defence boom

Analysis-From pickups to idle plants: automakers seek lifeline from defence boom

By Nick Carey, Gilles Guillaume and Kalea Hall LONDON/PARIS/DETROIT, Sept 28 (Reuters) - Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories, though executives say military work will not make up for slowing car sales and
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German security agencies face dilemma after victories for far right and far left

German security agencies face dilemma after victories for far right and far left

By Andreas Rinke BERLIN, Sept 28 (Reuters) - This month's victories for far-right and far-left parties in German state elections have intensified official debate over whether security authorities can restrict secret information that might be passed on to Russia or criminal groups.
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German town sparks outrage as far-right and conservatives rally against Holocaust memorial plaques

German town sparks outrage as far-right and conservatives rally against Holocaust memorial plaques

A city council in eastern Germany has halted the installation of memorial plaques honoring Holocaust victims, sparking outrage