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elections 2022
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Germany

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Luis-Enrique
'We aren't going to change,' says Spain coach Enrique
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German-inflation
Germany's largest gas importer posts $39billion net loss
IANS -
This figure contains "10 billion euros of realized costs for replacement volumes, and roughly 31 billion euros of anticipated future losses from valuation effects on derivatives and provision built-ups related to the Russian gas curtailments as of September 30", the company said in a statement on Thursday.
German-inflation-spikes-to-highest-in-32-years
German inflation spikes to highest in 32 years
IANS -
Energy prices in Europe's largest economy soared 43 per cent year-on-year and continued to have a "substantial impact on the inflation rate", Destatis said on Friday. Food prices also outgrew overall inflation levels and were up 20.3 per cent, Xinhua news agency reported citing the Office as saying.
German-inflation
German annual inflation hits record 10% in September
IANS -
Inflation has remained above 7 per cent for seven months now, it added on Thursday. Energy prices in Europe's largest economy rose by 43.9 per cent year-on-year, with particularly sharp increases registered for household energy. Natural gas was 95 per cent more expensive than last year and prices for heating oil even more than doubled, Xinhua news agency reported.
'Germany-economic-industry
'Germany's economic industry shows clear signs of braking amid energy crisis'
IANS -
Industrial orders in August declined 2.4 per cent month-on-month, BMWK cited the statistics of the Federal Statistical Office (Destatis) as saying on Thursday, Xinhua news agency reported. Among the industrial orders, domestic orders for Germany's industry in August fell by 3.4 per cent in September, while foreign orders went down by 1.7 per cent, according to the Ministry.
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Porsche
Porsche shares rise on first trading day in largest European listing for a decade
IANS -
The German carmaker Volkswagen listed 12.5 per cent of Porsche's shares to raise the billions of euros needed to invest in electric cars -- as well as hoping the sports car company would be able to match its Italian rival Ferrari, which has been able to attract a valuation more typical of luxury fashion brands, The Guardian reported.
Porsche
Porsche valued at up to $75bn in share sale
IANS -
A prospectus will be published on Monday, after which investors can subscribe to Porsche shares. The share sale is set to be Germany's second-largest ever initial public offering (IPO), the report said."We are now in the home stretch with the IPO plans for Porsche and welcome the commitment of our cornerstone investors," said VW's Chief Financial Officer, Arno Antlitz.
Nikon
Nikon enters metal printing race, acquires Germany's SLM for $620 million
IANS -
With this transaction, Nikon aims to become a leading global player in metal additive manufacturing (AM), offering innovative manufacturing solutions, said Toshikazu Umatate, President of Nikon Corporation. "SLM has supplied more than 750 metal AM that use a molding method called Laser Powder Bed Fusion to more than 150 leading companies around the world, including in the aerospace and automotive industries," Umatate said in a statement.
Russian-gas-pipeline-halted-Germany
Gas supplies via Nord Stream 1 pipeline indefinitely halted
IANS -
After completion of three days of maintenance work, gas was due to begin flowing through the pipeline again on Saturday morning, reports Xinhua news agency. However, after a leak was detected during the work, Gazprom said on Friday night that since the safe operation of the last remaining gas turbine could not be guaranteed, the pipeline must therefore be shut down "until all equipment faults have been rectified". It was not specified how long this would take.
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German-central-bank
German central bank lowers 2022 GDP growth forecast to 1.9%
IANS -
Economic recovery is likely to continue but at a "considerably more subdued pace" than previously projected, the bank said in a statement on Friday. Uncertainty about future economic developments was "exceptionally high" due to the Russia-Ukraine war, reports Xinhua news agency. In the first quarter of 2022, Germany's economy barely grew by 0.2 per cent quarter-on-quarter, according to the Federal Statistical Office (Destatis).
Germany-inflation
Germany's inflation reaches highest level since 70s oil crisis
IANS -
Amidst wheat shortages and fears of a global food crisis, food prices increased by 11.1 per cent, while energy prices soared by 38.3 year-on-year, Xinhua news agency quoted Destatis as saying. The spike in energy prices has been caused by the Russia-Ukraine war, and has had a "considerable impact on the high inflation rate", the Office said.
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