Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. Bloomberg | Bloomberg | Getty Images UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares … Read more
Pascale Gueret | Istock | Getty Images Millionaires are eyeing up European cities as they look to relocate — but London doesn’t make the top five, according to a new report. Some 83% of high-net-worth individuals — defined as those earning $1 million or more — who are considering moving countries favor city living for … Read more
An Airbus Wingman air combat drone stands on display at the 2024 ILA Berlin Air Show on June 05, 2024 in Schoenefeld, Germany. Sean Gallup | Getty Images News | Getty Images Airbus this week revealed the concept for a new fighter-type drone, called Wingman, and showcased a model of it at Berlin’s massive ILA … Read more
Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant Cardone Multimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer. “I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t … Read more
HelloFresh shares plunged 42% on Friday morning in their worst-ever session to date, after the recipe box delivery company disappointed with its 2024 earnings outlook. Analysts at UBS said that while they had flagged risks around HelloFresh’s guidance, its outlook, released after the market close on Thursday, was “far worse” than anticipated. Disappointing growth and … Read more
Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023. Patrick Pleuil | Picture Alliance | Getty Images Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company’s battery and car assembly … Read more
The smell of rotten, boiled eggs stands out in Kateryna’s memory of her six months living at a refugee camp in Berlin. “When you peel them, the smell is horrible,” she said. “The yolk is black.” She has a collection of photos and videos of inedible food on her phone that she says was served … Read more
