German chip maker Infineon has confirmed it signed a contract to take over US competitor International Rectifier. Infineon said the merger will boost its product range and its US market presence.
German shipments to Russia have plunged sharply as the standoff between the West and Moscow over Ukraine drags on. The latest figures revealed that producers of car parts and machinery were hit particularly hard.
A new survey has shown two out of three professional German football clubs are on solid financial footing. Unlike their counterparts in other European leagues, Bundesliga managers see revenues outpacing expenses.