Economic news on companies, work, consumer issues, markets and developments in Germany and Europe.
Fuel prices at German filling stations have started to fall again, with E10 petrol and diesel dropping to their lowest levels since early March, though prices remain above the pre-Iran-war level, the Tagesschau reports.
According to Handelsblatt, Volkswagen (VW) is withdrawing its guarantee of a liability settlement for former Audi chief Rupert Stadler following a recent fraud conviction against him. The move removes corporate backing for the settlement arrangement and could affect Stadler’s legal and financial position.
A slowdown in the US market has sharply reduced Daimler Truck’s profit, the Handelsblatt reports. The brief is part of a news blog that also lists other corporate results and developments.
Several major deals and allegations are drawing attention in the biotech and tech sectors: Bayer is acquiring eye specialist Perfuse Therapeutics, Curevac’s founder accuses Biontech of misleading behavior after acquiring Curevac, and Gamestop has tabled a roughly $56 billion takeover offer for eBay. The moves could reshape business lines, trigger legal and employment consequences, and unsettle markets.
BMW reported a roughly 23 percent decline in first‑quarter profit, weighed down by new tariffs, falling revenues and weaker deliveries—particularly in China, even as demand in Europe rose.